Loan Against Property Services

LOAN AGAINST YOUR PROPERTY

Need Money? Use your property to fulfil your needs and desires! Home Equity Loan from XCredit solutions in nothing but Loan Against Residential property (LAP).

Loan against property is one of the best ways to take a loan for all your loan needs. Whether you want to renovate your home or you need some immediate money to expand your business or you just need some cash to buy a new gadget, a property mortgage loan is one of the fastest ways to secure a quick loan for fulfilling your immediate monetary needs. Explore this guide on how to get an easy Loan against property.

Features of XCredit Home Equity Loan

• •   Attractive interest rates
• •   Integrated branch network that facilitates loan servicing at a branch convenient to you
• •   A loan can be easily disbursed
• •   You can use this loan for a marriage, medical expenses or any other personal need

Eligibility Criteria for Loan against Property

Eligibility Criteria

• •   Age: 18-70 Years
• •   Monthly Income: ₹ 8,000/- p.m. (minimum)
• •   Cibil Score: 650 and above
• •   Employement History:
  • •   Minimum 3 years work experience (salaried)
  • •   Minimum 5 years existence (businessman)
• •   Loan Tenure: Up to 15 years

Document Required for Loan against Property

The common documents required for loan against property approval are given below:

• 1.   Application form: Duly filled by the applicant along with 2 passport size photos
• 2.   Proof of identification: PAN card
• 3.   Income statement: Bank passbook, IT returns of last 3 years, Payslip of last 2 months, Certified letter from the employer, Form 16
• 4.   Property papers: Original documents against which the loan is to be taken