- A Property Loan from Laxminarayan Finance provides financial assistance by leveraging your property as collateral. It is a secured loan that allows individuals and businesses to meet various financial needs such as business expansion, education, medical expenses, or home renovation.
- Advantages of a Property Loan
- Higher Loan Amount – Get a loan based on the market value of your property.
- Lower Interest Rates – As it is a secured loan, interest rates are lower compared to personal loans.
- Flexible Repayment Tenure – Repayment period ranges from 5 to 20 years, offering manageable EMIs.
- Multi-Purpose Loan – Can be used for business expansion, education, medical emergencies, or personal needs.
- Retain Ownership – You continue to own and use your property while availing of the loan.
- Quick Processing & Approval – Faster loan approvals with minimal documentation.
- Tax Benefits – Loan interest may be tax-deductible if used for business or housing purposes.
- Loan Against Residential & Commercial Property – Loans available for both personal and business use.
- Eligibility Criteria for a Property Loan
- To qualify for a property loan, the following criteria must be met:
- Age Limit: 21 to 65 years.
- Employment Type: Salaried individuals, self-employed professionals, and business owners.
- Minimum Income Requirement: Varies based on the loan amount and borrower profile.
- Credit Score: A CIBIL score of 650+ preferred for easy approval.
- Property Type: Residential, commercial, or industrial property can be pledged as collateral.
- Repayment Capacity: A stable income source and sufficient financial history.
- Documents Required for a Property Loan
- The following documents are needed to process a property loan:
- Identity Proof (Any one):
- Aadhaar Card
- PAN Card
- Passport
- Voter ID
- Driving License
- Address Proof (Any one):
- Aadhaar Card
- Passport
- Utility Bill (Electricity, Water, Gas, etc.)
- Rent Agreement (if applicable)
- Property Documents:
- Property title deed
- Sale agreement
- Approved building plan (if applicable)
- Property tax receipts
- Income Proof:
- Salaried individuals: Salary slips (last 3 months) and bank statements (last 6 months)
- Self-employed individuals: Income Tax Returns (ITR) for the last 2-3 years and bank statements (last 12 months)
- Loan Application Form:
- Duly filled and signed application form.
- Recent Passport-Size Photographs (2-3 copies).
- How to Apply for a Property Loan?
- Online: Visit our website and submit the loan application form.
- Branch Visit: Walk into our nearest branch with the required documents.
- Phone Assistance: Call our customer support team for guidance.
- For further assistance or to apply, contact us:
- Laxminarayan Finance Company📧 Email: info@laxminarayanfinance.com📞 Phone: 6445003418
- Unlock the value of your property with a loan from Laxminarayan Finance and achieve your financial goals!
- Rate of Interest 2 to 6% Tenure 1 to 20 years.
Office Address: Laxmi Narayan Financial Services
Plot No,8. Shanti Nagar Rd, Vivek Vihar Jaipur Rajasthan,302019
.MobileNo:
7417283723
Email: info@laxminarayanfinancialservices.com