High Loan Amount
You can use your property as collateral to get a loan to help you achieve your financial goals.
Loan Against Property in Sonipat
- Loan up to ₹3 Crore
- Maximum funding on Property Value
- Quick Sanctioning
Loan Against Property EMI Calculator
Get a Loan Against Property in Sonipat Upto 3 Crore
Sonipat, a city in Haryana, is a perfect blend of cultural diversity and economic growth. The city's historical significance is highlighted by the Khwaja Khizr Tomb, dating back to the Mughal era, and the Baba Dham Temple, a revered Hindu pilgrimage site.
It is home to various industries, such as manufacturing, agriculture, and education. The city is renowned for its educational institutions, including the O.P. Jindal Global University and Bhagat Phool Singh Mahila Vishwavidyalaya.
Its location along National Highway 44 has made it a hub for trade and commerce, leading to steady growth in the real estate market. Those interested in improving their residence in this vibrant city, expanding their business, investing in a new business or meeting any sudden financial urgency can avail the Hero FinCorp's mortgage loan in Sonipat. The loan amount can go up to Rs. 3 Crore.
Features And Benefits of Loan Against Property in Sonipat
Know the features and benefits of getting a Loan Against Property in Hisar:
Attractive Interest Rate
Enjoy low-interest rates starting at 11%, reducing monthly payments and costs.
Quick Loan Procedure
Applying for a loan from Hero FinCorp is easy. Apply online and get quick access to the necessary funds.
Easy Repayment & Longer Tenure
Our Loan Against Property offer flexible repayment options with terms up to 180 months.
Higher LTV
You can borrow up to 175% of your property's value, maximizing your potential.
Hassle-free Documentation
The documentation process is simple and hassle-free, so you don't have to deal with tedious paperwork.
Eligibility Criteria for Loan Against Property in Sonipat
When considering applying for a mortgage loan in Sonipat, it is important to note that specific requirements must be met to be eligible. Take a look at these eligibility criteria for loan against property to proceed with your loan application:
Age
You must be between 25 and 75 years of age bracket.
Citizenship
You should be a citizen of India.
Work Experience
At least 3 years of work experience criterion is needed.
Business Status
Business stability of 3 years is considered.
Occupation Status
Applicant can be self-employed or an entrepreneur with a profitable business.
Documents Required for a Loan Against Property in Sonipat
To ensure a smooth and prompt approval of your Loan Against Property in Hisar, ensure you have all the required documents. Missing or incomplete paperwork can cause unnecessary delays or even rejection of your application. Let’s take a look at what you need to apply for a Mortgage Loan in Hisar:
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 HisarInterest Rates and Charges for Loan Against Property in Sonipat
If you're interested in mortgage loan interest rates in Sonipat, Hero FinCorp can help you find competitive rates based on your income, occupation, and property condition. You can choose between fixed or floating rates, depending on what works best for you. To help you make informed decisions about your mortgage loan, we offer an online interest rate calculator showing how much you can afford to borrow and your monthly payments.
How To Apply For a Loan Against Property in Sonipat?
Here are some simple steps to apply for a Loan Against Property (LAP) in Hisar through Hero FinCorp.
- 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)
For a mortgage loan, you'll typically need to provide the property itself as security.
The sanction letter for a Loan Against Property is usually valid for a specified duration, often mentioned in the offer.
Yes, property insurance is typically required in a Loan Against Property.
The Floating Rate of Interest in Loan Against Property can vary with market conditions and may change over time.
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