7/30, WEST PATEL NAGAR, NEW DELHI- 110008.

info@vintagefinance.in

+91 9560462463

+91-11-4304 7900

Loan Against property

A loan against property is an advance against your home, business space, Industrial Property or even a plot. 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. 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.

Vintage Financial Services give complete answers for Property Loan service (Home Purchase, Construction, and Loan Against Property. 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

Personal Loan EMI

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Period In (Months)
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Interest rate p.a.
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Loan Against Property for Salaried

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

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 Tenure

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.

Eligibility

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:
  • 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
  • Self-employed Individuals:
  • 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
  • Lease Rental Discounting (LRD):
  • 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
  • List of Documents required

    Proof of identity
  • Voter's ID card or driving license or PAN card or photo credit card or employee's ID card, or defense or police or government department ID card
  • Voter's ID card or driving license or PAN card or photo credit card
  • Proof of income
  • Latest salary slip showing all deductions or Form 16 along with recent salary certificate IT Returns for the last 2 years and computation of income for the last 2 years certified by a CA
  • Proof of residence
  • Ban account statement or latest electricity bill or latest mobile or telephone bill or latest credit card statement or latest LIC policy or insurance premium receipt or employers letter certifying the current mailing address or latest NSC or other similar instruments indicating the address or existing house lease agreement