A loan against property is an advance against your home, business space, Industrial Property or even a plot. We are the one who provide loan against property in Delhi. On the off chance that all the area titles are set up, you have a wage and you are qualified then this is the less expensive loan choice for you for having loan against property in Delhi. Despite the fact that the investment rates on this advance are higher than that of a home loan, its less expensive than that an individual advance or a loan against security. The unsecured loan is given for a quick time period, usually five to ten decades. The property has to be occupied for a particular period of time, which differs depending on the state.
Vintage Financial Services give complete answers for Property Loan service (Home Purchase, Construction, and Loan against property in Delhi). We additionally give proficient custom arrangements utilizing our colossal experience as a part of account segment. We are affectionate sorted out group that comprises of a drive, dynamic and capable achievers.
In 2021 there are numerous ways to avail funds. But a loan against property can allow you to manage all your big expenses. Following are some advantages of a loan against property.
1. How many days does it take to approve my loan against the property?
It takes up to 4-5 working days to approve your loan.
2.What repayment options are available at vintage finance?
You can repay your loan amount with easy monthly installments.
3.Who can avail LAP From Vintage Finance?
Any salaried or self-employed individual can apply for a loan against property in Delhi at vintage finance.
Loan Against Property is a kind of secured loan, given to borrowers for personal use and does require security or collateral. While drawing the Loan Against Property you are not required to disclose the end use of the borrowed money and can pay off the amount of loan in easy installments.
Quantum of Loan Against Property for salaried person is estimated on the basis of income of applicant, credit score, capacity of repayment, and steadiness of source of income for such applicant.
Repayment schedule provides the amount of each EMI, due dates and breakup between principal and interest components. It also provides the outstanding principal after realization of each EMI.
Salaried Individuals:
Any individual who is in permanent service in government or a reputed company
The applicant in all the cases should be above 24 years of age at the time of loan commencement and up to the age of superannuation
Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply
The applicant should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity
Any individual filing Income Tax returns can apply
The applicant in all the cases should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity
All resident individuals can apply. The lessee must however be a company as defined under the Companies Act, 1956. Funding will be done only against ready commercial property. The same will be restricted to 85% of the net present value of the future rentals or 50% of the value of property, whichever is lower
Rate of Interest 16% to 20%
Loan Processing Charges Minimum Processing Charges
Cheque/ Instrument Swap charges Rs.500 per instance + Service Tax as applicable
Prepayment/ Forclosure Charges 2%
A. We offer Personal Loan for any of your personal/business need at very attractive rate of interest that carries lowest EMI at the time of Personal Loan repayment.
A. Personal Loan is currently available for salaried individuals only who lives in DELHI/NCR & having Minimum New Monthly Salary Income of INR 30,000/- (per month).