Apply Loan Against Property in Delhi Up To ₹7.5 Cr

Loan Against Property EMI Calculator

Get Mortgage Loans in Delhi With Instant Approval

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.

Loan Against Property: Features & Benefits

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:

High Loan Amount:

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.

Attractive Interest Rate:

Our Loan Against Property comes with an affordable rate of interest, which can help you repay EMIs and ensure you are not financially overburdened.

Quick Loan Procedure:

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.

Easy Repayment & Longer Tenure:

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.

Higher Loan-To-Value (Ltv):

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.

Hassle-free Documentation:

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.

Eligibility Criteria for Instant Mortgage Loan in Delhi

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.

Documents Required to Apply for a Loan Against Property in Delhi

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:

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

Interest Rates on Mortgage Loans in Delhi

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.

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 Delhi?

Here are the steps to apply for a Loan Against Property in Delhi:

01
Check if you meet our eligibility criteria on our website.
02
Gather all necessary documents, including KYC, property papers, and income proofs.
03
Use our online EMI calculator to calculate the EMI of your loan against property in south delhi or any area you live.
04
Fill out the loan application form on our website with your personal and property details.
05
Contact our customer care via phone or email for further assistance.
06
Visit your nearest Hero FinCorp branch if you prefer an offline approach, or contact your relationship manager if you're an existing customer.

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Frequently Asked Questions (FAQs)

What is the meaning of lease house 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.

How is the lease amount calculated for a house in Delhi?

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.

What is the cibil score for loan against property?

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.

What percentage of property can be home loan?

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.