Apply Loan Against Property In Bangalore Up To ₹7.5 Cr

Loan Against Property EMI Calculator

Get Mortgage Loans in Bangalore With Instant Approval

Bangalore, the IT capital of India, saw a steady increase in rental rates for both commercial and residential properties. Moreover, the property rates in Bangalore have been consistently growing, making it an attractive option for real estate investors seeking periodic returns. In recent times, property loan rates have remained relatively low. This favourable trend leverages the existing property owners, as by mortgaging it, they can purchase a row house, bungalow, or apartment in Bangalore. At Hero FinCorp, we provide convenience and flexibility in a mortgage loan in Bangalore to make the journey effortless and affordable.

Securing a Loan Against Property in Bangalore is incredibly convenient and efficient, thanks to the option of property collateral. By pledging your property as security, the loan approval process becomes streamlined, ensuring a hassle-free experience. With minimal documentation and a straightforward application process, we expedite the loan approval, allowing you prompt access to the funds you need.

Features and Benefits of Loan Against Property in Bangalore

Unlock the Features and Benefits of a Loan Against Property in Bangalore and effortlessly meet your financial requirements.

High Loan Amount

Unlock substantial funds ranging from Rs 20 Lakh to 7.5 Crore with our Loan Against Property. Leverage the value of Land Mortgage Loans in Bangalore to meet your financial needs effectively.

Attractive Interest Rate

Enjoy competitive interest rates that ensure affordable repayments, making your Loan Against Property a cost-effective financing option.

Quick Loan Procedure

Experience a streamlined private mortgage loan in Bangalore with Hero FinCorp, ensuring prompt processing and disbursal of funds to meet your urgent financial requirements.

Easy Repayment & Longer Tenure

Benefit from flexible repayment options and longer loan tenures, allowing you to manage your loan repayments comfortably over an extended period of 10 years.

Higher LTV

Maximize your loan amount by utilizing a high Loan-to-Value ratio of 75%, based on both the type and market value, to meet your personal and business requirements.

Hassle-free Documentation

Enjoy a hassle-free loan application process with minimal documentation requirements, simplifying the overall experience and saving you valuable time and effort.

Eligibility Criteria for Instant Mortgage Loan in Bangalore

Age, Citizenship, Work Experience, and Monthly Salary are key factors in determining your eligibility for private mortgage loans in Bangalore. Find out what are the requirements for Loan Against Property.

Age

Aged between 25 and 75 years.

Citizenship

The criteria include being an Indian national

Work Experience

Engaged in a profitable business and having an active business for at least three consecutive years.

Business Status

Your business must have been active for at least three consecutive years at the time of application.

Occupation Status

You must be engaged in a profitable business. Salaried-class individuals are not eligible for our mortgage loan.

Note: We do not provide Loan Against Property to salaried individuals.

Documents Required to Apply for a Loan Against Property in Bangalore

At Hero FinCorp, we recognize the significance of quick and hassle-free access to funds while applying for a Loan Against Property. Therefore, we have simplified the document checklist to make the process more convenient for you. Please find below a detailed list of the necessary documents:

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 Statement (previous six months)

Property Related Documents

Complete set of documents pertaining to the property in question

Note: The documentation requirements may vary based on the individual private mortgage loan applications in bangalore . It is advisable to consult with our support team to refer to the official documentation checklist for precise requirements.

Interest Rates on Mortgage Loans in Bangalore

At Hero FinCorp, we offer the best mortgage loan interest rates in Bangalore, ensuring affordable EMIs. So fulfil your personal and business needs without trouble with this secured loan.

Key highlights

Competitive Interest Rate: Benefit from the affordable interest rates and allow yourself to meet your financial requirements.
Nominal Foreclosure Charges: Enjoy the freedom to prepay or foreclose your loan with nominal charges and save on interest payments in the long run.
Transparent Fees: Pay a nominal processing fee of 1% to 2% of the loan amount, along with applicable GST, to enjoy a transparent loan process.

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 Bangalore?

To apply for a Loan Against Property in Bangalore, follow three simple steps:

1
Visit our website: Go to our Loan Against Property in Bangalore page and click Apply Now.
2
Enter Personal Details: Provide your personal details, including name, contact information, and address.
3
Verify with OTP: Verify your mobile number by entering the OTP (One-Time Password) received on your registered mobile number.
4
Enter loan details: Choose your state and city from the options and enter loan-related information.
5
Enter additional details: Provide additional information as part of the application and submit.

Our team will verify your details and approve the loan quickly. Once approved, you will get the funds in your account.

So, start your application now to enjoy the benefits and financial assistance you need with our Loan Against Property in Bangalore.

Apply Now

Frequently Asked Questions (FAQs)

What is the mortgage rate in Bangalore?

Private finance against property in bangalore may offer varying rates depending on the property value and the applicant’s creditworthiness.

What is current home loan interest rate?

The current home loan interest rate in Bangalore is 9.50% p.a. However, it may vary based on the applicant’s credit status and other factors.

How much loan I can get against property in Bangalore?

The loan amount against property in Bangalore depends on factors like property value, income, and eligibility criteria.

Can I use the LAP amount for renovating my property?

Yes, you can use the LAP funds for renovating your property in Bangalore, along with other purposes like debt consolidation, education, medical expenses, or business expansion.

Can I prepay the LAP in Bangalore? Are there any prepayment charges?

Yes, you can prepay the LAP, and some lenders may charge prepayment fees. Check the loan agreement for specific terms and conditions related to prepayment in Bangalore.