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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!
Select Loan Amount
₹
Min ₹ 20,00,000
Max ₹ 75,000,000
Interest Rate
12 %
Min 11%
Max 17%
Select Loan Repay Duration
10 Years
Min 3 Years
Max 15 Years
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:
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.
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.
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.
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.
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.
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.
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:
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.
Citizenship
Verify your Indian citizenship to ensure you meet the requirements for the fast mortgage loan.
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.
Business Status
The applicant must have worked for the company for at least three years.
Occupation Status
You must run a successful firm. People in the salaried class are ineligible for our mortgage loan.
Note: We do not provide Loan Against Property to salaried individuals.
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:
 MandatoryDocuments |
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 Statement (previous six months) |
| Property Related Documents |
Complete set of documents pertaining to the property in question |
Note: The specific documentation requirements may vary depending on the nature of your business.
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.
| Fees & Charges | Amount Chargeable |
|---|---|
| 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 |
| No Other Hidden Charges | |
Applying for a Loan Against Property in Ahmedabad through Hero FinCorp is simple. Here's how:
Applying for a Hero FinCorp Loan Against Property is hassle-free and convenient. Get started on your loan application today.
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.
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