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All about mortgage loan

Loan Against Property________________________________________ Apply for Loan against Property or Mortgage loan to meet your business or personal needs With this loan you can now fulfill any of your personal or working capital requirements of your existingnew business This will take 8 to 20 working days depends on the strength of the profile this loan can be repaid up to 15 years Flexible Rate of interestLoan amount oLoan amount depends on individuals income and properties valuation most of the banks generally lends 65 to 70 of value its called LTV but again income of individual plays vital role to decide the final amountoCibil is the basic parameter to get any loan in India bankers generally expect 650 minimum credit scorein some cases low cibil are consider basis security but roi will be at higher sideoThose who are availing loan for first time will be having 1 cibil they can also avail loan easilyAdvantages and detailsoLoan against Residential or Commercial propertiesoMaximum loan eligibility Maximum Loan Tenure at attractive interest ratesoDoor step service easy documentation speedy approvalsoLoan for purchase of commercial propertyoLoan against rents received from commercial propertyoTakeover of Existing loan with additional financeEligibilityFollowing constitution borrowers are eligibleoIndividualsProprietorship concernsoPartnership firmsoPrivate Limited CompaniesoClosely held Public Ltd Companies not listed on any stock exchangeSalaried IndividualoAny individual employed permanently in any Public sector Undertaking Government undertaking Multi National Company Listed public limited company or wellknown private limited company can applyoMinimum age at the time of loan application should be 21 years maximum age at loan maturity should be lower than retirement ageSelf Employed ProfessionalNon ProfessionalsoDoctors Charted Accountants Cost Accountants Architects Engineers Company Secretary CFAs can applyoAny individual filling Income Tax returns can applyoMinimum age at the time of loan application should be 21 years maximum age at loan maturity should not exceed of 70 yearsSalaried Individual DocumentsoPan cardoAdhaar cardo3 months salary slipo6 months bank statemento2 year form 16oProperty DocumentsoCo applicant documentsoOffer and reliving letter oLoan statement of existing loansoIf Salary receive in cash then letter head from companyNoteIf loan amount is more than 10 lakhs end use may be asked by banker Self Employed ProfessionalNon ProfessionalsoPan cardoAdhaar cardo3 years ITRo1 year bank statementoProperty DocumentsoCo applicant documentsoLoan statement of existing loansoBusiness Registration proofoGST certificateWhy to consider Easy Lending for loan applicationoWe are leading loan service provider in india with more than 35 bank options this will client to compare loans options and get best ROI in marketoWe have dedicated team of professionals that will help client to chose right products as per requirementoDoor to door service oSimple procedure minimal documentation and quick approvaloAll india presence For more details or loan application please visit wwweasylendingin.

sunil chauhan

@ founder | Posted 08 Apr, 2020 | Finance