High Loan Amount
Use your property to secure a larger loan and achieve your financial goals.
Loan Against Property in Pune
- Loan up to ₹5 Crore
- Maximum funding on Property Value
- Quick Sanctioning
Loan Against Property EMI Calculator
Get a Loan Against Property in Pune Upto 5 Crore
Pune, a vibrant city in Maharashtra state, is a popular destination for visitors. Tourists can explore the historically significant Aga Khan Palace and the peaceful Osho International Meditation Resort. The city has a thriving IT and automotive industry with major companies. It is also well-known for its excellent educational institutions, including Pune University. The city enjoys pleasant weather, and its cuisine is highly regarded. Delicious food can be sampled on FC Road and JM Road, where many local eateries can be found.
These facilities open doors to plenty of opportunities for people. From education to business, the city is a platform. In this regard, financial efficacy is undoubtedly important. If you are looking to buy a new house, renovate the existing one, opting for higher studies, planning a family trip, you will require a significant amount of money.
To manage these expenses in case of a shortage of funds, taking out a Mortgage Loan in Pune with Hero FinCorp is a smart decision. We provide quick approval and a loan-to-value ratio of 75%, allowing you to get up to Rs. 5 Crore in a city full of opportunities and a promising future.
Features And Benefits of Loan Against Property in Pune
Here are the features and benefits of getting a mortgage loan in Pune:
Attractive Interest Rate
Paying less interest results in smaller monthly payments and lower loan expenses.
Quick Loan Procedure
Applying for a loan is straightforward, and you'll promptly receive the necessary money.
Easy Repayment & Longer Tenure
Choose your repayment plan with a longer term for easier loan management.
Higher LTV
Borrow up to 175% of your property's value, allowing you to secure more funds.
Hassle-free Documentation
The paperwork is simple and easy, so you won't struggle with complex forms.
Eligibility Criteria for Loan Against Property in Pune
You must fulfil certain requirements to get a Loan Against Property in Pune. Here's what you need to know to check if you can get it:
Age
You need to be in the age range of 25 to 75 years old.
Citizenship
You must be an Indian citizen.
Work Experience
You need to have worked for at least 3 years.
Business Status
Business stability of 3 years is taken into consideration.
Occupation Status
You should have a successful business. This loan is not for salaried people.
Documents Required for a Loan Against Property in Pune
Before proceeding, ensure you have all the necessary documents ready. Here's what you'll need to apply for a Loan Against Property in Pune:
Mandatory Documents
Duly filled application form, PAN Card
Proof of Identity
Aadhar Card, ID Card, Driver's License, and Identity Card issued by GOI
Proof of Address
Passport, Driver's License, Utility Bill, Voter ID Card, Lease/ Rent Agreement, Registry Copy, Property Tax Receipt, GST Certificate
Proof of Business Existence
GST Certificate, UDHYAM Certificate, Partnership Deed Copy, Trade License, Certificate of Practice
Signature Proof
Banker's Verification, Passport, PAN Card
Proof of Income
Last three years' Income Tax Returns (ITRs), Income Statement, Profit and loss Statement, Balance Sheet, and Bank Account Statement (previous six months)
Property Related Documents
Complete set of documents pertaining to the property in question
Interest Rates and Charges for Loan Against Property in Pune
If you plan to get a mortgage loan in Pune from Hero FinCorp, it's important to know the interest rates. These competitive rates depend on your income, job, and property condition. You can choose between fixed rates (with consistent monthly payments) and floating rates (which may change). To determine how much you can borrow, use our online interest rate calculator and decide what suits you best.
How To Apply For a Loan Against Property in Pune?
To apply for a Loan Against Property (LAP) in Pune with Hero FinCorp, just follow these simple steps:
- 01
Visit Hero FinCorp website and go to the loan against property page.
- 02
Check your eligibility from the eligibility criteria section available on the website
- 03
On the mortgage loan page, check for the mandatory documents required for a mortgage loan.
- 04
Click the 'Apply now' tab and fill in the required information, and submit the online form.
- 05
Once Hero FinCorp is satisfied with your details, their executives will get in touch with you.
- 06
You may also apply for a mortgage loan by visiting the nearest Hero FinCorp branch or outlet.
Frequently Asked Questions (FAQs)
Residential as well as industrial properties can be bought using a mortgage loan in Pune.
Certainly, you can get a mortgage loan for a second property in Pune.
Yes, Hero FinCorp lets you add a co-applicant for the loan against property.
No, there is no requirement for a guarantor for LAP approval in Pune.
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