Loan Against
Property

Loan Against Property

Products Covered

We have a range of products to cover your varied needs. You can avail of our Loan Against Property for any of the following:

Features and Benefits

Make your loan simpler with Credit Express to create unique and compelling propositions that help you do what you always wanted to do. Hereunder are a host of unique features and benefits that you enjoy with Loan Against Property. Most of these features are industry firsts and come only with our portfolio of offerings.

 

Part Prepayment facility

Our part prepayment facility allows you to part prepay any amount on your loan, provided that each prepayment transaction should be equal to sum of 3 EMIs or more. There is no limit on the maximum amount you can pay. This is subject to your clearing your first EMI.

 

Nil Foreclosure charges

Now you can choose to foreclose your loan anytime during your loan tenure without paying any foreclosure charges.

 

Online Account Access

View all your loan account information like repayment track, interest certificate, payment schedule and transact on your account on our Customer Portal - Experia. Log in with your Username/Email/Mobile Number and Password from wherever you are and access your loan account details.

Eligibility and Documents

  • You are an Indian Resident
  • You are at least 25 years of age when the loan is sanctioned
  • You are a salaried professional or self-employed with a regular source of income
  • The minimum loan amount is Rs. 60 Lacs in case of Mumbai and Delhi, Rs. 30 Lacs in other cities

Documents

  • Application form
  • Photograph
  • Identity Proof
  • Address proof
  • Signature Proof
  • Date of Birth Proof
  • IT Returns & Balance Sheet & P/L Account statement for the last 2 years.
  • Business Continuity Proof for 5 years.
  • Bank Account Statements for the last 6 months.
  • Copy of property paper to be mortgaged.
 

Kindly note that the list of documents mentioned is indicative. During loan processing additional documents may be asked for .The same will be appropriately communicated to you as and when required.

 

Fees and Charges

Processing Fees Upto 2% of the loan amount
Loan Statement charges Nil
Interest and Principle Statement charges Nil
PDC Swap charges Nil
EMI Bounce charges Rs.1000 for every bounce
Penal Interest 2% p. m.
Foreclosure charges Nil
Part Prepayment charges Nil
Refer to Agreements and T&C.