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              • Loan Against Property in Coimbatore

              Loan Against Property in Coimbatore

              • Loan up to ₹3 Crore
              • Maximum funding on Property Value
              • Quick Sanctioning
              Apply Now
              • Overview
              • EMI Calculator
              • Eligibility
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              Loan Against Property EMI Calculator

              Calculate your EMI and choose the most suitable EMI for you

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              Apply for Loan Against Property

              Get a Loan Against Property in Coimbatore Upto 3 Crore

              Coimbatore, a city in Tamil Nadu, is most famous for its Marudhamalai Hill Temple and the Dhyanalinga Temple, which offer visitors a chance to experience a peaceful atmosphere. It is also referred to as the "Manchester of South India" because of its flourishing textile industry and the presence of esteemed engineering companies like Pricol and L&T.

              The city is located in the midst of the gorgeous Velliangiri Mountains, which provide a lush green landscape and a pleasant climate throughout the year, making it a great place to call home. Also, it is a city of excellent educational institutions, making it a popular choice for people looking for quality education. In addition to this, it is a great place to live.

              Whether you're a first-time homebuyer or an experienced investor, obtaining a mortgage loan in Coimbatore is a smart decision that guarantees you're not just buying a house but investing in a bright future in a city with so much to offer. With our mortgage loans, you can avail a substantial amount of Rs. 3 Crore with instant approval and an LTV ratio of 175%.

              Features And Benefits of Loan Against Property in Coimbatore

              Here are the features and benefits of getting a mortgage loan in Coimbatore:

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              High Loan Amount

              You can use your property for a bigger loan, helping you reach your financial goals.

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              Attractive Interest Rate

              Enjoy the advantage of paying less interest, which means smaller monthly payments and overall loan costs.

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              Quick Loan Procedure

              Applying for a loan is pretty easy, and you'll quickly get the money you need.

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              Easy Repayment & Longer Tenure

              You can repay the loan, and the repayment period is longer, making it easier to manage.

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              Higher LTV

              You can borrow up to 175% of your property's appraised value and type, giving you more borrowing power.

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              Hassle-free Documentation

              The paperwork is straightforward and hassle-free, so you won't have to deal with complicated forms.

              Eligibility Criteria for Loan Against Property in Coimbatore

              You must meet certain conditions to get a Loan Against Property in Coimbatore. Here's what you should be aware of to see if you are eligible for property loan:

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              Age

              You need to be in the age range of 25 to 75 years old.

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              Citizenship

              You must be an Indian citizen.

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              Work Experience

              You must have worked for at least 3 years.

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              Business Status

              Business stability of 3 years is taken into consideration.

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              Occupation Status

              You should have a successful business. This loan is not for salaried people.

              Check Your Loan Eligibility

              Documents Required for a Loan Against Property in Coimbatore

              Before you can move forward, it's important to be ready with all the right paperwork. Here's what you need to apply for a Loan Against Property in Coimbatore:

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              Mandatory Documents

              Duly filled application form, PAN Card
               

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              Proof of Identity

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

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              Proof of Address

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

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              Proof of Business Existence

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

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              Signature Proof

              Banker's Verification, Passport, PAN Card

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              Proof of Income

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

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              Property Related Documents

              Complete set of documents pertaining to the property in question
               

              Interest Rates and Charges for Loan Against Property in Coimbatore

              If you're thinking about getting a mortgage loan in Coimbatore from Hero FinCorp in Coimbatore, it's essential to understand the loan against property interest rates. These competitive rates depend on your income, job, and property condition. You can pick between fixed or floating rates. Fixed rates mean your monthly payment stays the same while floating rates can change. To determine how much you can borrow, use our online interest rate calculator and decide what's best for you.

              Maximum Loan Amount

              ₹20 Lakh to ₹ 3 Cr

              Maximum Loan Tenure

              3 Years (Min.) – 15 Years (Max)

              Interest Rate

              Starting from 11% P.A.

              Processing Fees

              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

              Read More

              How To Apply For a Loan Against Property in Coimbatore?

              To apply for a Loan Against Property (LAP) in Coimbatore through Hero FinCorp, follow these straightforward steps:

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              • 01

                Visit Hero FinCorp website and go to the loan against property page.

              • 02

                Check your eligibility from the eligibility criteria section available on the website

              • 03

                On the mortgage loan page, check for the mandatory documents required for a mortgage loan.

              • 04

                Click the 'Apply now' tab and fill in the required information, and submit the online form.

              • 05

                Once Hero FinCorp is satisfied with your details, their executives will get in touch with you.

              • 06

                You may also apply for a mortgage loan by visiting the nearest Hero FinCorp branch or outlet.

              Apply Now

              Frequently Asked Questions (FAQs)

              Hero FinCorp accepts almost all properties, such as land, buildings, apartments, factories, shops, hospitals, schools, and more.
              Generally, processing the loan in Coimbatore takes a few days to a week.
              Yes, transferring your existing Loan Against Property to another bank is possible.
              Hero FinCorp doesn’t offer LAP for agricultural land in Coimbatore.
              A good credit score is essential for a mortgage loan to avail of a better interest rate.

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