Organization : IIFL India Infoline Finance Limited
Service Name : Apply For Loan Against Property
Website : http://www.iiflfinance.com/loan-against-property/product-details
Loan against Property:
IIFLs Loan against Property is a multi-purpose loan that can be availed whether you are starting a new business or require long term working capital or need to fund education or marriage of your children.
Related : IIFL Finance Online Loan Payment : www.statusin.in/20787.html
You can opt for a loan against fully constructed houses as well as residential and commercial properties. IIFLs loan against property is offered for tenure of up to 15 years at affordable interest rates and flexible payback options.
Features:
** Quick & hassle-free loan
** Legal and technical advice to help you make sound decisions
** A wide network of branches across India
** Competitive interest rates starting from 12.5%
** Tenure upto 15 years
** Flexible payback options
FAQs:
What is Loan against Property?:
A Loan against Property is essentially a loan given against any property. The loan can be taken against fully constructed, residential, and commercial properties for business needs, marriage, medical expenses or any other personal needs.
Who can avail Loan against Property?:
Any Resident Indian Individual (salaried/ self-employed) can apply. The co applicants can be close relatives, partnership firms, or even a Private Limited Company.
What are the Income documents required for Loan against Property?:
Salaried Customers need to submit their last 2 month’s salary slip, 6 months bank statement, form 16 and ITR and documents related to running loans.Self Employed customers need to submit complete set of ITR and Financials for last two financial years, 6 months CA statement and documents related to running loans
Toll Free Number: 1800 – 3000 – 1155
What is the maximum possible tenure?
We offer this Loan Against Property for max tenure of 15 years.
What is ‘Loan to Value’?
Loan to Value (LTV) is a term that is used to express the ratio of a loan to the value of the asset mortgaged. The loan is usually offered in the range of 50% to 65% of the market value of the property.
How long will it take for my loan to get approved?
It would take minimum of 4 working days after submission of required documents.
What repayment options are available?
Repayment can be made by way of EMIs and must be made through Automated Clearing House (ACH) or Electronic Clearing System (ECS).
Do I require a guarantor?
Normally a guarantor is not required; however, this would also depend upon the loan facility and financial strength of the customer. However, every loan to have either co-borrower or guarantor.
What kind of additional help do I receive?
You will receive expert legal and technical counselling that will help you make the right financial decision.
About Us :
IIFL is a financial services conglomerate which was started by a group of passionate entrepreneurs in 1995. The genesis of IIFL lies in the power of dreaming big and believing in your dreams.
IIFL was the pioneer in the retail broking industry with its launch of 5paisa trading platform which offered the lowest brokerage in the industry and the freedom from traditional ways of transacting.