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Loan Against Property EMI Calculator

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Get Mortgage Loans in Ahmedabad With Instant Approval

Ahmedabad, the bustling metropolis and largest city in Gujarat holds a prime position in India's business landscape. Renowned as a former capital, it thrives as a major player in various industries. With its significant contribution to the nation's cotton production as the second-largest producer, Ahmedabad enjoys a thriving textile sector. This economic stronghold ensures a dynamic and exciting business environment with endless opportunities for growth and innovation. From pioneering ventures to remarkable developments, Ahmedabad remains a vibrant hub in the business world, making it an enticing destination for entrepreneurs and investors alike.

Ahmedabad is also home to non-banking financial companies (NBFCs) like Hero FinCorp that help businesses grow by providing the required loans. If you're looking for a loan against your property in Ahmedabad, you're in luck! You've stumbled upon the right place.

Looking for a loan that's quick and secure? Then Hero FinCorp’s Loan Against Property (LAP) might just be what you need! This type of loan is considered low risk because it's backed by collateral - which means if the borrower defaults on the loan, the lender can sell off the collateral to recover their money. Because of this added security, our LAP approvals can often be processed more quickly than other types of mortgage loans in ahmedabad. So if you need cash in a hurry, LAP can be a great option!

Features and Benefits of Loan Against Property in Ahmedabad

You can easily finance your big-ticket expenditures with Hero FinCorp's Loan Against Property in Delhi NCR. So get affordable finance with custom features to maximise your property's value. Here are some key features and benefits:

 

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High Loan Amount

The loan amount depends on the value of the property. Naturally, a higher property value translates to a larger sanctioned loan amount. Typically, you can secure a loan of up to 75% of the property's market value, which can amount to a substantial fund.

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Attractive Interest Rate

Opting for a Loan Against Property —or, more precisely, mortgage loans in Ahmedabad—offers a cost-effective alternative to other flexible loans, such as personal loans.

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Quick Loan Procedure

Getting a loan quickly is important, which is why we offer a streamlined loan process. You can easily apply online and one of our representatives will guide you through the rest of the process.

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Easy Repayment & Longer Tenure

We offer easy repayment options and a longer tenure for our loan against property. You can select a term that aligns with your financial goals and repayment ability by utilising our EMI calculator.

 

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Higher Loan-To-Value (Ltv)

Our loan option provides a greater amount of loan sanction to effectively manage your financial obligations. We offer a high Loan-To-Value (LTV) ratio based on the property's type and market value, ensuring that you receive sufficient funds for any purpose.

 

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Hassle-free Documentation

Applying for a loan with us is hassle-free when it comes to documentation. Our paperwork requirements are minimal, and we only need basic documents. This makes the process quicker and easier for you.

 

Eligibility Criteria for Instant Mortgage Loan in Ahmedabad

Unlocking the potential of a mortgage loans in Ahmedabad is easier than you think. We have a set of eligibility criteria, and here is what we consider:

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Age

You must be at least 25 years old when you submit your application and no older than 75 years old when the loan is due.

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Citizenship

Verify your Indian citizenship to ensure you meet the requirements for the fast mortgage loan.

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Work Experience

If you meet the requirements for an immediate mortgage loan. For the loan to be authorized, your company must have operated for at least three years.

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Business Status

The applicant must have worked for the company for at least three years.

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Occupation Status

You must run a successful firm. People in the salaried class are ineligible for our mortgage loan.

Documents Required to Apply for a Loan Against Property in Ahmedabad

Hero FinCorp has simplified the document list for a Loan Against Property to make accessing funds easier for you. The table below provides a breakdown of our required documents:

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Mandatory Documents

Duly filled application form, PAN Card

Proof of Identity

Aadhar Card, ID Card, Driver's License, and Identity Card issued by GOI

Proof of Address

Passport, Driver's License, Utility Bill, Voter ID Card, Lease/ Rent Agreement, Registry Copy, Property Tax Receipt, GST Certificate

Proof of Business Existence

GST Certificate, UDHYAM Certificate, Partnership Deed Copy, Trade License, Certificate of Practice

Signature Proof

Banker's Verification, Passport, PAN Card

Proof of Income

Last three years' Income Tax Returns (ITRs), Income Statement, Profit and loss Statement Balance Sheet, Bank Account Statemen (previous six months)

Property Related Documents

Complete set of documents pertaining to the property in question

Interest Rates on Mortgage Loans in Ahmedabad

There are two types of interest rates:

Fixed-rate of interest:
These remain the same throughout the loan duration. However, it may not be available as an option for a Loan Against Property with all lenders.

Floating rate of interest:
The floating interest rate is linked to the Marginal Cost of Funds based Lending Rate (MCLR) or other benchmark rates. These rates are typically published on the lender's website and fluctuate based on prevailing market rates. Since it is subject to change and depends on market conditions, it is impossible to predict a specific rate.

Interest Rate

    Starting from 11% P.A.

Loan Amount

₹20 Lakh to ₹ 7.5 Cr

Loan Processing Charges

Minimum Processing fee is 1%+ GST

Foreclosure Charges

Pre-Payment is not allowed within 12 months of loan sanction After 12 months, pre-payment charges will be applicable as described in the sanction letter

How to Apply For a Loan Against Property in Ahmedabad?

Applying for a Loan Against Property in Ahmedabad through Hero FinCorp is simple. Here's how:

  • 01

    Check Eligibility: Ensure you meet our Loan Against Property eligibility criteria.

  • 02

    Gather Documents: Collect all the necessary documents, such as KYC documents, property papers, income proofs (financial statements, ITRs), and company constitution and registration proofs.

  • 03

    Use EMI Calculator: Use the Loan Against Property EMI calculator on our website to determine the best repayment plan for you.

  • 04

    Online Application: Click "Apply Now" to fill out the LAP loan application form on our website. Provide your name, email ID, mobile number, property location, city and state, annual turnover, and the desired loan amount.

  • 05

    Contact Customer Care: You can reach our customer care team at 1800-103-5271 (Monday to Friday, 10 AM to 6 PM) or email us at Corporate.Care@HeroFinCorp.com.

  • 06

    Offline Application: If you prefer the offline route, visit your nearest Hero FinCorp branch. Existing customers can also get in touch with their relationship manager.

Frequently Asked Questions (FAQs)

When considering the economic feasibility of taking a Loan Against Property in Ahmedabad, evaluating factors such as lower interest rates, larger loan amounts, and longer repayment periods is essential. It is essential to assess your financial capabilities, the purpose of the loan, and the potential returns or benefits it can generate. Additionally, consider the overall cost of borrowing, including any associated fees or charges. It is advisable to consult with our customer support to determine if taking a Loan Against Property aligns with your financial goals and needs.
The loan amount you can get for a loan against property depends on various factors like property value, income, creditworthiness, and the lender's policies. Typically, you can get a loan of 60% to 70% of the property's market value after evaluation and verification of your credentials.
Investing in property by taking a loan can be a viable option if done prudently. Consider factors like the property's potential for appreciation, rental income, loan interest rates, and your financial stability. Conduct thorough research and ensure the investment aligns with your long-term financial goals and risk tolerance.
Generally, mortgage loans tend to be cheaper than personal loans in terms of interest rates. Home loans are secured by the property, while personal loans are unsecured. As a result, mortgage loans offer lower interest rates due to the reduced risk for lenders.
If you don't pay the loan against the property, the lender may take legal action, initiate foreclosure proceedings, and sell the property to recover the outstanding amount. This can severely impact your credit score and lead to the loss of the property, affecting your financial stability.