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.
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.
However, it is essential to know that this credit type comes with certain drawbacks that make it unlikely during a crisis.
The loan against property has specific issues like-
Salaried individuals must be between 32 - 60 years as eligibility. This can vary according to the financial institution
Ideally, self–employed individuals are needed to be aged between 30 to 70 years to avail this credit type.
They have to show a stable income source. Hence, submission of salary slips is mandatory when availing a LAP.
Individuals falling in this category have to show business vintage and balance sheet as proof for a stable income.
Hence, borrowers can consider checking out gold loans as an alternative when searching for a ‘loan against property providers near me’.
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 –
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.
The reasons that borrowers turn to us for their instant monetary requirements are mentioned below. Have a look!
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.
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 section.
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.
Rupeek gives you a free-of-cost gold loan calculator that helps you estimate the amount available against the gold submitted.
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.
Rupeek offers you several 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.
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.
Here are some localities in Kolkata where one can find gold loan services from Rupeek.
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.
Yes, you can avail a loan against property from a financial institution in Tollygunge by submitting the necessary documents.
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.
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.
No, Rupeek only accepts gold jewellery of purity 18-carats or above as collateral.
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.
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