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Delhi is a cosmopolitan city, well-known for its thriving art, culture, architecture, entertainment, and fashion scene. Its central location and prominence as the nation's capital provide various advantages, including access to diverse financial institutions that offer countless opportunities to citizens and enterprises.
With an efficient transit network, first-rate hospitality services, and strong educational institutions, Delhi's real estate market has grown dramatically. Whether you need to cover personal or commercial expenses, create a new asset, or pay off existing debts, owning property in the city can provide a substantial source of income.
If you want to get the most out of your property in Delhi, consider a Loan Against Property from Hero FinCorp.
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:
We offer loans against various property assets, including residential, commercial, industrial, and warehouse. No matter what type of loan against property in Delhi NCR, we can provide you with the best value loans against your property.
Our Loan Against Property comes with an affordable rate of interest, which can help you repay EMIs and ensure you are not financially overburdened.
We understand the importance of timely financing, so we offer quick and easy loan processing. You can apply for the loan online, and our representative will assist you with the rest.
A decade is the maximum period we give you to repay the loan in instalments. You can choose a term that suits your financial goals and repayment capacity using our Loan Against Property EMI calculator.
With our loan, you can get a higher amount of loan sanction to handle your financial obligations. We offer a high Loan-To-Value (LTV) ratio on the property’s type and market value, ensuring you get enough funds for any purpose.
Applying for a loan can be no hassle with us as we have minimal paperwork requirements. We only need basic documents, making the process quicker and easier.
Hero FinCorp’s Loan Against Property is only available to self-employed professionals and business owners:
Age
You must be at least 25 years old at the time of application, and at the end of the loan term, you must be at most 75 years.
Citizenship
Verify your Indian citizenship status to fulfil the criteria for the instant mortgage loan.
Work Experience
Check the required work experience criteria to qualify for the instant mortgage loan. You must be running the business for at least 3 years to get approved for the loan.
Business Status
Applicant should be in the existing business for at least 3 years.
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.
Hero FinCorp understands the importance of easy access to funds when it comes to availing a Loan Against Property. To streamline the process and make it more convenient for you, we have simplified the document list. Below, you will find a comprehensive breakdown of the 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 |
At Hero FinCorp, we offer competitive rates specific to mortgage houses in Delhi. Our customer support team ensures you receive a mortgage loan with an attractive interest rate. So if you're in the market for a mortgage loan, contact us, and we will help you achieve your financial goals.
| 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 | |
Here are the steps to apply for a Loan Against Property in Delhi:
A lease house in Delhi means, the property is owned by the government or a private entity and is leased out to a tenant for a specific period. During this time, any tenant who is living in the house has the right to use and occupy the property but can’t take an LAP as they don’t have ownership rights. The lease period can vary from a few years to several decades, depending on the terms of the lease agreement.
The lease amount for a house can be estimated using the - size and location, the length of the lease term, and the demand for rental properties. In most of the cases, the lease amount is shown to you as a percentage of the property's market value. So carefully review the terms of the lease agreement and negotiate the lease amount with the landlord before signing the agreement.
The CIBIL score required for a loan against property varies among lenders, but generally, a score of 650 and above is considered good. A higher score improves your chances of approval and may lead to better loan terms.
The percentage of property value that can be financed through a home loan typically ranges from 70% to 90%. It depends on the lender's policies, the borrower's creditworthiness, and the type of property being financed. Higher credit scores often lead to better loan-to-value ratios.
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