Loan Against Property in Ahmedabad

Loan Against Property in Ahmedabad, issued by banks against the security of a person's own property are known as Loan Against Property (LAP). LAP was created to help people who currently own a home or several homes satisfy their financial demands and maximize their assets. It's crucial to keep in mind that the property you are using as collateral for your loan should be clear of any encumbrances.

Mortgage Loan in Ahmedabad

Banks offer LAP to both salaried and self-employed customers. Depending on Customer’s income and Property valuation, eligible loan amt and ROI may be different. Ideally, LAP (Mortgage Loan in Ahmedabad) can be availed for the Home renovations, debt consolidation and for working capital requirements. LAP loan is typically available for 3 to 15 years.

Feature & benefits of LAP

Lowest ROI compare to Other unsecured loans.
Repayment tenure upto 15 years, EMI would be lower than any of unsecured loan (Business loan).
Max Top up for+ Home Renovation, Home extension and working capital requirement etc.
Consolidate your debts, such as your credit card bills or any other loans, to ease the strain of higher EMIs.
Transfer or switch your higher ROI loan to a bank or NBFC with a lower ROI.
Over draft facility available in LAP loan- Interest will be charged in utilized amount only.

Type of Loan Against Property

Term loan based LAP-The EMI would be fixed for the specified period or time during the Entire Tenure of loan

OD based LAP-The EMI would be flexible and you need to pay monthly Interest on money utilized only.

Minimum Criteria Requirement for LAP

Age of 23 and CIBIL score of 650+ are basic requirements.
For salaried circumstances, a person should be employed by a Pvt Ltd, Ltd, LLP, Partnership firm, or sole proprietorship.
A person shouldn't have missed or defaulted on any EMI payments in the previous 12 months.

LAP ROI & Charges

Loan Amount	Rs. 10 lac- 10 Cr
Tenure	3 Year - 15 Years
ROI	8.20 % - 10 % (Floating)
Processing Fees	0.50% -2% + GST
Foreclosure Charges	4%+GST
Part Payment Charges	2%+GST

Document Requirement for LAP

	Salaried Person	Self Employed
ID Proof	PANCARD	PANCARD
Address Proof	Passport /Voter ID card / Driving License	Passport /Voter ID card / Driving Licence
Registration Proof	Company ID Card	GST Certificate / MSME Certificate/ Gumastadhara
Income Proof	Last 3-month Salary slip	last 12-month GST Return
Banking	Last 12-month Salary banking	Last 12 month Current & Saving bank Ac statement
ITR	Last 2 years ITR or Form 16	Last 2 years ITR along with computation of income, Balance Sheet and P & L Ac
Repayment Track Records	Last 12-month EMI banking or SOA of all live loans	Last 12-month EMI banking or SOA of all live loans
Legal Property Documents	Legal Master file including Sale deed copy	Legal Master file including Sale deed copy
Technical Property Documents	Approved Unit & Layout Plan	Approved Unit & Layout Plan

How Moratorium FinServ Will help you ?

As a financial service provider, we will help clients to get Loans Against Property in Ahmedabad from various banks/ NBFC as we have a tie-up with all the financial institutions and a good relationship with them. we are able to provide hassle-free processes and smooth services at the client’s doorstep across India.

We are having a team of experienced and expert people hence; we are able to provide Mortgage Loan in Ahmedabad to our clients as per their requirements. In accordance with the client’s profile and financial eligibility, we suggest them a bank or NBFC and help them to obtain the best offer from financial institutions. Our motto is “Not to lend but to help”.