Property Loan:-

• 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.