Property finance refers to the process of obtaining financing for a residential or commercial property. This sort of financing is sometimes required when an individual or business has the potential for growth but lacks the necessary funds to expand and grow. Whether you are a small business or individual looking to develop properties to sell or to rent, this guide will provide information on the different types of financial property options available. Plot loans are only approved for the buying of a resident plot of land and if the loan borrower has firm plans to build a dwelling on the plot. Banks typically specify a period in which the residential property on the purchased land must be built.
Funding up to 90% of the property value (agreement value + statutory charges).
Options of various Banks/NBFCs, attractive interest rates and tenure up to 20 years.
Various funding programs to accommodate the needs of every customer.
Balance transfer option with increase in loan amount at lower interest rate. Part payment facility available.
Hassle free documentation and quick processing.
No prepayment penalty
Tax benefits
Balance transfer facility
Lower interest rates| 1 | Electricity Bill, Telephone Landline Bill, Passport, Driving License. Additional Documents Needed. |
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| 2 | Proof of business address. Signature identification from present bankers. |
| 3 | Detailed estimate of construction cost. |
| 4 | Letter from Society/Builder/Housing Board mentioning their bank and account details. |
| 1 | Must be a resident Indian. |
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| 2 | Should be a salaried or self-employed applicant. |
| 3 | Should be between 18 and 65 years of age. |
| 4 | Good track of existing loans. |
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