Why Loan Against Property with Us?
All About loan is not just a loan comparison website, but we help you get a loan! We at All About Loan, are a team of experts and ex-bankers who have been serving numerous clients since last 8+ years. We specialise in consulting for Home loans, Mortgage loans (also known as Loan Against Property) and Personal Loan. There are numerous lenders in market offering loans like Banks, NBFC’s(Non Banking Financial Company) and HFC’s (Housing Finance Company).
When you require a loan it is very essential that your requirement matches the offering or product of the lender. Not every product of a Bank will exactly match your requirement. Above that if your keep applying to the wrong bank your Credit score will go on decreasing also you will have to pay for application fee at every bank you apply. We at All About loan help you get your loan processed at Bank which is best suitable for you.
So Sit back and relax. Fill up the enquiry form to your right. Get the best loan rates from our advisor on a phone call.
- Guaranteed Instant loan advise.
- FREE SERVICE. We do not charge anything from our customers.
- Team of Ex Bankers with experience of more than 8+ years
- Transparent processing
- All process from your Doorstep.
- Documentation Assistance for speedy disbursal
- We help you choose the best offering from Banks.
- Post Disbursal assistance.
Fast & Easy Application Process
Loan Against Property Enquiry Form
Fill up the Enquiry form carefully for loan against property.
FREE consultation call from loan experts
Our loan experts will call you to know your needs.
Check with banks for offerings on loan against property
Check with Bank for loan offerings particulars
Document processings to file the respective loan
Documents will be collected from your home to file the loan!
Consequatur Aliquid Fugit Quae
Wait for the bank to approve
Eligibility Criteria
Income
Your current Income is one of the main factors to decide your loan Eligibility. Be it a Salaried person or Self Employed, your salary slip & your Profit & Loss statement is going to decide your loan amount.
Employment / Business
Work Experience of at least 1 year is required. For Self Employed person business vintage of at least 2 years in required. These norms differ from financier to financier.
Current Obligations
Any EMI currently being paid monthly is going to be taken into consideration and will have to be reduced from your current income.
Credit history
A good credit history always helps to process your loan faster.
Value of the property
There are various financiers who fund 75% to 100% of your property value. Your agreement value differs from the market value of property.
Age of the borrower
Minimum age of borrower has to be 21 and maximum can be 70.
Documents Required
For Salaried Person
We at All About loan help you to file your loan application at the best rate of Interest. Please arrange for Hard copies of following Documents. We will collect it from your place/office once ready.
PAN Card, Aadhar card for both applicant and co-applicant
Address proof (Registered Rent agreement, Passport, Electricity bill, Gas connection Bill or any utility bill.)
Last 6 months Salary slips
Last 6 months Bank statement (Salary account)
Form 16 for last 2 years
2 photographs each
If any current obligation Sanction letter/ Statement of Loan will be required
Bank statement account from where EMI is paid will be required
For Self Employed Person
We at All About loan help you to file your loan application at the best rate of Interest. Please arrange for Hard copies of following Documents. We will collect it from your place/office once ready.
PAN Card, Aadhar card for both applicant and co applicant
Address Proof (Registered Rent agreement, Passport, Electricity bill, Gas connection Bill or any utility bill)
Registered Rent agreement, Passport, Electricity bill, Gas connection Bill or any utility bill.
If any current obligation Sanction letter/ Statement of Loan will be required.
Bank statement account from where EMI is paid will be required.
1 year Current account Bank Statement.
3 years ITR with Computation of Income, Profit Loss statement, Balance sheet. If firm is audited, then audit report also required.
| Sole Proprietorship firm | Partnership firm | Private LTD/LLP/OPC |
|---|---|---|
| Shop Act Certificate. OR NOC from Gram panchayat. |
Partnership Deed. Firm Current address proof. |
PAN card of firm. Incorporation Certificate. AOA, MOA. Firm Current address proof. |
Frequently Asked Questions
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Mortgage Loan is a loan taken against your current property. The property has to be Mortgage free.
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In a Mortgage loan, amount of funding depends upon 2 factors.
- Income level- Your current take home salary/Net profit will decide the funding amount. Different banks have different methods to consider your Net Income
- Property valuation- The current valuation of your property also decides your funding amount. Some financier fund upto 70% to 80% of your current market value.
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We at All About loan will help you file your application at the right Bank. You can go about applying at every bank because your Credit score will go on decreasing. Also you will have to pay charges for application. We will assist you in filing the application at the right bank.
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The minimum Credit Score or Cibil score that a bank looks at is 600. Such requirement usually differs from financier to financier.
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There are financier that offer loans for 15- 20 years.
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The rate of Interest differs from Bank to Bank. As of now the Rate of Interest being offered is in the range of 8.8% to 12%.
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Any Individual who is Salaried or Self Employed can apply for a Mortgage loan.
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If there are any Individuals on loan structure then prepayment charges or foreclosure are NIL. Non individuals i.e companies usually have to pay for part payment/ prepayment/ foreclosure charges.
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Factors that can play a crucial role in home loan rejection are mentioned below:
- Bad or low credit score
- Unstable income-Age factor
- Poor repayment capabilities
Loan Against Property Interest Rates for May 2024
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Axis Loan Against Property
11.35%
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Citi Bank Loan Against Property
9.60%
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HDFC Loan Against Property
9.65%
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ICICI Loan Against Property
10.15%
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IDFC First Loan Against Property
11.80%
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IndusInd Loan Against Property
9.50%
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Kotak Mahindra Loan Against Property
9.60%
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PNB Housing Loan Against Property
10.20%
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SBI Loan Against Property
10.30%
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Customer Review
"I approached them for a LAP BT in February 2019. They provided me excellent service. All documents were collected from my Shop and they were very transparent in their approach"
Sudhir Oswal
"All about loan helped me switch loan from Yes bank to Citibank. My loan was running at high rate of Interest. They helped me save a lot on money by switching to low ROI"
Suresh Khatri
"I wanted a Personal loan urgently and did not know which bank to approach. Applied via All About Loan, and loan was disbursement in 4 working days. Very happy with their service"
Sateesh Shrivastava
"Wanted a Home loan for resale property i finalised. All About loan helped me in getting me maximum funding for it"
Riya Garde
