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              • Loan Against Property in Indore

              Loan Against Property in Indore

              • Loan up to ₹5 Crore
              • Maximum funding on Property Value
              • Quick Sanctioning
              Apply Now
              • Overview
              • EMI Calculator
              • Eligibility
              • Documents Required
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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 Indore Upto 5 Crore

              Indore, located in Madhya Pradesh, India, is a vibrant city often referred to as "Mini Mumbai." This beautiful city has a rich cultural heritage. It boasts various attractions, such as the historic Rajwada Palace, the lively Sarafa Bazaar, and the serene Kanchi Ghat situated along the Shipra River. Indore is also famous for its street food and culinary delicacies, making it an ideal destination for food enthusiasts.

              Indore is not only a cultural centre, but also a major economic force with thriving industries in textiles, IT, education, and pharmaceuticals, providing numerous job opportunities.

              To keep up with the fast-paced lifestyle of Indore, obtaining a mortgage loan can be a helpful solution for any financial emergency, investment needs, or other financial requirements. Hero FinCorp's mortgage loan offers quick approval, with a maximum amount of Rs. 5 Crore and an LTV Ratio of 75%, ensuring a secure financial future.

              Features And Benefits of Loan Against Property in Indore

              Loan Against Property in Indore comes with many benefits. These include a higher loan amount, lower interest rates, a quick application process, easy repayment options, good borrowing capacity, and simplified paperwork. By utilising these benefits, you can achieve your financial objectives with ease. Read on to know more:

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              High Loan Amount

              Use your property to secure a higher loan amount and achieve your financial goals.

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              Attractive Interest Rate

              Save on interest, leading to lower monthly payments and reduced loan costs.

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              Quick Loan Procedure

              You can easily apply for a loan and have the required funds within minutes.

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              Easy Repayment & Longer Tenure

              The loan can be easily managed with the option to repay it flexibly and a longer duration for repayment.

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              Higher LTV

              You can secure greater funds with a loan up to 175% of your property's value.

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              Hassle-free Documentation

              Filling out the paperwork is easy and straightforward, making the entire process hassle-free.

              Eligibility Criteria for Loan Against Property in Indore

              To get a Loan Against Property in Indore, there are requirements you must meet. You can check if you're eligible by reviewing the information below.

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              Age

              You have to be between the ages of 25 and 75.

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              Citizenship

              You must be a citizen of India.

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              Work Experience

              You must have been employed for at least three years.

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              Business Status

              Three years of business stability are taken into account.

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              Occupation Status

              You ought to run a good business. Salary workers are not eligible for this loan.

              Check Your Loan Eligibility

              Documents Required for a Loan Against Property in Indore

              To ensure your loan application for a Loan Against Property in Indore is processed smoothly and promptly, it's important to have all the required documents ready beforehand. Here is the list of what you need:

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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 Indore

              The mortgage loan interest rates in Indore are based on your credit score, loan tenure and home condition. You can choose between variable rates that may change or fixed rates that stay the same each month. We have an online interest rate calculator to help you decide which option is best for you. It's important to be informed before you make a decision.

              Maximum Loan Amount

              ₹20 Lakh to ₹ 5 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 Indore?

              If you're applying for a Loan Against Property in Indore through Hero FinCorp, we've simplified the process. Follow these easy steps to get started:

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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)

              Yes, you can prepay or foreclose the Loan Against Property in Indore.
              It takes around 7 to 10 days for your Loan Against Property to be approved.
              The interest rate of the Loan Against Property depends on several factors, such as credit score, loan tenure, property type, etc.
              The repayment tenure for LAP can extend up to 10 years, making it easier for borrowers to pay their EMIs.

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              Loan Against Property Key Pages
              • Loan Against Property Overview
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              • Check Your LAP Eligibility
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              • Check Your LAP EMI
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