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Definition of Loan Against Property:-
When someone is looking for a loan by the
way of mortgaging his property which is
freehold (no matter if it is residential or
industrial or commercial) is called loan
against property.
Why do we need Loan against Property :-
In today's fast age of tough competition
everyone wants to be successful. Everybody
wants to become more and more rich and
successful in his life. So what is the most
important thing to be successful?
The most primary important thing to get
success in your life is to be positive,think
positive and act positive. Then we need to
dream and not only dream but to dream big.
And when you have dared to dream, the next
challenge
comes how to realise it.
We at Mudra Finance help you in fulfilling
that dream by the way of offering loan
against property. We are providing the
lowest rate on loan against property in
market through different banks and NBFCs..
We are offering loan against property from
Cholamandalam, Tat Capital ,ICICI ,AXIS,HDFC
and Citi Bank and many other banks & NBFCs.
OD Limit Against Stock & Property:-
We have designed the OD Limit Against Stock
to serve the customized plans for our
customers OD Limit Against Property is a
unique product that offers you a combination
of overdraft facility against
commercial/industrial or residential
property. This facility is designed to be
able to cater to the need of the business
community to meet their short term working
Capital requirements.
Loan Against Property through Mudra Finance
enables you to unlock the power of your
property and meet all your financial
requirements. You can mortgage your property
to get a loan sucg as Industrial,
residential and commercial property.
Our Associates-
We are offering loan against property from
Cholamandalam, HDFC and Citi Bank and many
other banks.
How much loan one can get against his/her
property-
Generally the loan amount is given up to a
maximum of 70% of the market value of the
property. In case of Industrial property,
loan can be anywhere between 45-60% of the
market value of the property. In commercial,
it may be 55 % and in residential property
case, loan amount can go up to 75 to 80 % of
market value depending on the eligibility
norms of the lending institutions.
The Loan amount is largely determined and
assessed by the lender by doing a credit
check of the profile of the borrower &
considering his/her repayment capacity.
Normally creditor sanctions loan as per the
net profit of the borrower and may consider
his/her gross income. Again we at Mudra
Finance help our customers to get the
maximum Loan amount against their property.
Nowadays there are various products of
different banks where the borrowers can get
a higher loan amount as compared to their
income. On gross income and gross turnover
we manage to get the best deal for our
esteemed clients. So to get the best loan
against property, call us now!
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 1.
Term Loan:
Term loan is best suitable for the person
who wants to pay a fixed amount per month
towards their loan obligation. Here the
borrower needs to pay a fixed EMI i.e.
equated monthly installment towards the
repayment of the loan. EMI amount depends on
the tenure of the loan, i.e. longer is the
tenure the lesser the monthly installment
and lesser the tenure higher EMI borrower
needs to pay.
Term loans are best suited for:
A. When a person is looking for loan for
long period.
B. When someone wants to consolidate his
loans.i.e. Closing all the loans and paying
one EMI of LAP
2. Lease Rental Discounting:
In Lease Rental Discounting the loan is
provided to the borrower on the basis of the
fixed monthly rental received by him against
the property which is offered for mortgage.
3. Loan for Commercial Purchase (LCP):
These are loans in which the borrower takes
a loan for the purchase of a commercial
property. These loans are given against the
mortgage of the property the borrower is
going to purchase.
4. Dropline Overdraft Facility:
This is a new generation banking product in
which both the features of Term Loans &
Overdraft Facility, are available. Dropline
Overdraft Facility can be for a period of 10
years where the drawing power of the
borrower is reduced per month by a fixed
amount.
5. Loan transfer or balance transfer -
You can also transfer your existing loan
against property from another bank to new
bank at much lower intrest rates.
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Higher
Loan Amount
