Kolkata

Renowned as the ‘cultural capital of India’, Kolkata is located on the eastern banks of the Hooghly River. It is the third-largest urban economy and home to significant industries like Emami, Lux, Exide, Rupa, Britannia, and Birla. Calcutta also boasts several notable tourist locations like Victoria Memorial, Max Mueller Bhavan, Academy of Fine Arts, and St. Paul’s Cathedral.

 As one of the leading metropolises of India, the cost of living, education fees, and healthcare expenses in Kolkata tend to be on the higher side. Individuals can address these concerns without hurting their finances by opting for a loan against property in Kolkata.

A loan against property allows people to leverage the equity of their real estate to acquire funds. Individuals need to submit documents related to commercial or residential property to avail this financing option.

The amount availed against collateral can be utilised for big-scale expenses like marriage, buying assets, expanding business, children’s education, etc. Ideally, the loan amount offered under LAP is 70% – 80% of the total property value.

Apart from being cost-effective, it is straightforward and reasonable in terms of repayment due to low interest rates on an instant mortgage loan Kolkata.

## How Does A Loan Against Property In Kolkata Function?

The availability of higher loan amount and the no-end usage flexibility makes a loan against property takeover preferable.

Mentioned below are some of the benefits of availing an easy loan against property in Kolkata.

- Interest paid on loan against property offers tax benefits as defined under section 37 (1) of the Income Tax Act 1961. Salaried individuals can also enjoy exemption u/s 24(b) if the amount is utilised to buy another housing property.

- A business owner or farmer can avail a loan against property agricultural land to deal with a financial crunch.

- This loan form is perfect for senior citizens who require immediate funds for medical emergencies or retirement expenses. They can use a loan against property calculator to better understand the loan-to-value dynamics.

However, it is essential to know that this credit type comes with certain drawbacks that make it unlikely during a crisis.

## Features Of A Loan Against Property


Gold is not only a high-value asset but is also easily saleable. Hence, individuals with sufficient gold deposits can opt for a gold loan in Calcutta. This credit facility comes with multiple benefits like –

- Eligibility – Ideally, a borrower must be at least 18 years old and possess a minimum of 18-carat gold ornaments. Hence, even if an applicant has mortgage loans bad credit, and a poor CIBIL score, they can avail an online gold loan.

- Documentation – The documentation process is straightforward and short. Depending on the financial institution, individuals can avail a gold loan with only KYC documents. A gold loan without ITR and income proof in Kolkata is a perfect way to avail substantial funds against gold owned.

- Quick Disbursal- A gold loan takes minimum time for sanctioning. After the gold is valued and documents are evaluated, the fund is transferred to a borrower’s account instantly.

- Short Tenure- The gold loan can be availed for a short tenure, which is helpful in terms of repayment and savings.

- No Income Details Necessary – Unemployed individuals can easily avail a gold loan without showing income stability or salary slips. Whereas availing a loan against property without income proof is nearly impossible.

Individuals can enjoy benefits beyond these basic ones by opting for Rupeek. We offer numerous borrower-friendly benefits that can aid individuals in their financial endeavours without hassle.

## Why Gold Loan Is A Better Secured Loan Variant?

The reasons that borrowers turn to us for their instant monetary requirements are mentioned below. Have a look!

- Doorstep Service

Rupeek gives you the privilege of doorstep loan service. Get a loan as high as Rs. 1.5 crores with us at the comfort of your home.

- Overdraft Feature

We offer a gold overdraft facility to existing Rupeek customers. It lets borrowers secure a credit line against gold, which they can access round the clock. This feature can be checked under [Rupeek Quick](https://rupeek.com/rupeek-quick/?u_id=24452937146424) section.

- High LTV Ratio

We offer nearly 80% of the pledged gold’s value as loans to our borrowers. Hence, borrowers in Calcutta can make the most of their gold’s equity with Rupeek.

- Gold Loan Calculator
 
Rupeek gives you a free-of-cost [gold loan calculator](https://rupeek.com/calculator) that helps you estimate the amount available against the gold submitted.

- Reasonable Interest

We offer you a likeable interest rate, which starts at 0.49% per month. This again helps the borrowers to save more on the amount sanctioned against gold.

- Repayment Schemes

Rupeek offers you several [schemes](https://rupeek.com/schemes) to repay the loan. You get the preference to repay the loan every month. Moreover, via bullet payment, you can pay off the total amount in one go or choose to pay the total amount within the tenure as and how you find convenient.

- Simple Balance Transfer

Borrowers can easily refinance their gold loan with Rupeek and save up to Rs.12377/lakh. The applicant needs to share their pledge card with our relationship manager, who will brief you about the interest rate.

Apart from the mentioned features, we offer optimum security of the gold items. Borrowers also enjoy door-to-door gold insurance for the tenure.

## Rupeek – The Top Gold Loan Lender In Kolkata

Here are some localities in Kolkata where one can find gold loan services from Rupeek.

- Tollygunge

- Baghajatin

- Jadavpur

- Dum Dum

- Kalighat

- Baranagar

- Park Street

- Taltala

- Esplanade

- Ballygunge

- Behala

- Park Circus

- Dharmatala

- Hastings

- Ganesh Chunder Avenue

- College Square

A financial crisis is like an uninvited guest that disbalances the peace of life, derailing arranged plans. In such times applying for a loan against property in Kolkata may seem like an option, but the added costs and approval time can add on to worries.

Therefore, Rupeek ensures affordable interest rates, repayment flexibility, and sizeable loan amount against gold. This creates an opportunity for efficient spending and savings. So, choose wisely before investing in a secured loan variant.

## Areas In Kolkata To Look For Our Services

Yes, you can avail a loan against property from a financial institution in Tollygunge by submitting the necessary documents.

## Can I get a loan against property in Tollygunge?


The loan you can get with a monthly salary of Rs.15000 depends on the lending institution. However, your income is not a factor if you opt for our gold loan.

## How much loan can I get against my property if my salary is Rs.15000?



Tha amount disbursed against the land is generous and comes with no-use restriction. These funds can be used to deal with living expenses, marriage, purchasing luxury items, medical emergencies, etc.



## What are the uses of LAP?

No, Rupeek only accepts gold jewellery of purity 18-carats or above as collateral.

## Does Rupeek accept diamond-studded noserings as collateral against the gold loan?

Yes, you can collateralise a let-out property in Behala or any other corner of the city to avail a loan against property in Kolkata.

## Can I pledge my rented-out property in Behala for a LAP?

Allow Rupeek’s representatives to contact me for my loan application