• Email: contact@mortgageloansinchennai.com
  • Call: +91 9894427096 / 7299999609

Mortgage LOAN

MortgageLoan

Mortgage Loan is available

Loan Against Residential Property

Loan Against Commercial Property

Loan Against Industrial Property

Grama Natham Land Purchase and Mortgage in Chennai

Patta Land Mortgage and Purchase in Chennai

Multi Tenant Property Mortgage in Chennai

Land Mortgage in Chennai

School Property Mortgage Loan

Hospital Property Mortgage Loan

Loan Against Land

Mortgage Loans are available from 10 lakhs to 50Crores.

Mortgage Loan can be availed up to 70% of the property value.

Mortgage Loan is available against Rent receivables from your property.

Any Person Aged Between 22-56 Years

Mortgage Loan Interest Rates are Normally Vary From 10% to 15%.

Mortgage Loan Can Be Repaid in Easy Instalments Ranging From 5 to 15 Years.

Property documents for Loan Against Property

Registered Sale Deed/ Conveyance/ Lease Deed

Past Sale Deeds Chain (each transaction in respect of this property since first allotment

Latest House Tax Return/ Receipt

Approved Building Plan from Municipal Corporation


Basic Eligibility Criteria for Loan Against Property in Chennai Salaried Professionals

Net Monthly Salary should be more than Rs 20,000.

Salary should be received through an Account Transfer. No cash salary.

Should be working in Pvt Ltd or Ltd Company (Not in partnership or proprietorship company).

Aged between 21 - 60 years.

Loan Against Property Basic Documents Required

Passport Size Photographs

Identity proof: (passport, voters ID, driving license or pan card).

Address proof: (voters ID, driving license or passport).

Latest 6 months’ Bank statements

Latest 6 months’ salary slips and Last 2 years Form 16

Appointment Letter and Proof of Work Experience

Loan Against Property Amount:

Min 10 L to Maximum Loan Amount subject to repayment capacity of the borrower

The list of documents may vary from applicant to applicant.

Factors Deciding Loan Against property Eligibility

Lenders look for many criteria before sanctioning any loan for its customers. Few never missed factors are here.

Home Loan Basic Documents Required

Passport Size Photographs

Identity proof: (passport, voters ID, driving license or pan card).

Address proof: (voters ID, driving license or passport).

Latest 6 months’ Bank statements

Latest 6 months’ salary slips and Last 2 years Form 16

Appointment Letter and Proof of Work Experience

Property Documents

Sale deed, Katha, transfer of ownership The list of documents may vary from applicant to applicant.

Factors Deciding Home Loan Eligibility Lenders look for many criteria before sanctioning any loan for its customers. Few never missed factors are here.

Employment Stability

This is a very crucial aspect for personal loan consideration. Unless you are salaried and employed for more than 2 years in the current profession or if self-employed minimum 5 years of total tenure of earnings.

Credit Rating

Having good credit rating increases the probability of getting loan with more flexible option on tenure, amount, EMI and interest rates.

Financial Situation

It’s not always about the present, the past financial records will also have a great call on deciding whether you are eligible for a personal loan or not.

Employer

The employer with whom the applicant is working with is the best way to gauge the credibility of the applicant.

Here are some Basic Eligibility Criteria for Loan Against property in Chennai Self-Employed Professionals

Turnover more than 50 lakhs

TProfits more than 5 lakhs

Age should be between23 to 55 years

Should have a PAN Card

TR for Latest 3 years and Business/Company should be in existence for at least 3 years(Govt Proof: SSi, Tin, Or Vat Registration Proof