Loan Against Property in Thiruvallur

Besides a secured nature being its primary distinguishable feature from other loan types, mortgage loans also come with other characteristics notably different compared to unsecured loans, such as:

Repayment Tenure: The loan tenure for mortgage loans can be as long as 15-20 years, which can reduce the amount for monthly EMIs and be disadvantageous for individuals looking for lower interest payable.

Interest Rates: The lower risk factor of a loan against property in Thiruvallur lets financing institutions offer competitive interest rates for such secured loans.

Eligibility: The eligibility to avail a loan against open plot in Thiruvallur involves the following parameters.

• Residence: Residing in India
• Credit Score: Higher than or equal to 650
• Age: Approximately 21 to 60 years
• Employment: Salaried or self-employed
• Property: Must be held by the applicant to his/her name

Documentation: Besides eligibility, qualifying for mortgage loans requires submitting an array of documents as listed below.

• KYC documents
• Age proof
• Proof of residence
• Salary slips of the past 3 months or audited profit and loss statements of the business
• Property ownership proof
• Employee certificate or ID card or business ownership documents
• Bank account statements for the last 6 months
• ITR documents

In addition to the above list, potential borrowers might need to produce supplementary documents, which can vary across lending institutions. Individuals failing to produce any one of these will automatically end up disqualified for a loan against property in Thiruvallur, which, in turn, can have a negative domino effect amidst a liquidation crisis.

Plus, disbursal of mortgage loan in Thiruvallur may take up way more time given its elaborate verification process, which might not make it ideal for an immediate solution. This is where a gold loan comes into play.

A gold loan might prove more beneficial for individuals looking for a quick loan against property Thiruvallur due to its following features.

• A gold loan comes with a way more relaxed documentation procedure and is a great borrowing option for individuals seeking a loan against property for unemployed.
• Due to minimal documentation, loan approval takes place much faster, making it perfect for emergency financial requirements.
• The threat of losing one gold item due to loan default is much lesser than the risk of losing land or residence.

The advantages are further accelerated by Rupeek Fintech, which provides the best offers on loan for low CIBIL.

The most prominent features that make Rupeek’s gold loan a favourable alternative to a loan against property in Thiruvallur are:

• Extricate the best loan amount for your asset with our highest LTV rates, reaching as high as 80%, depending on gold’s market value.
• The high value of gold assets lets borrowers avail a greater loan amount than other LAP in Thiruvallur. With us, people can get up to Rs. 1.5 crores. You can also check the eligible loan amount against your pieces of jewellery using our gold loan calculator.
• Forget all worries of hefty monthly EMIs with affordable interest rates starting from 0.49% per month.
• Choose your convenient payment method with Rupeek’s multiple repayment schemes facilitating traditional EMIs and any payment anytime within the tenure.
• After scrutinising all guidelines, complete all formalities leading to approval from your residence with our instant online gold loan at your doorstep.

Additionally, Rupeek follows an uncompromised 30-minute loan disbursal policy in all significant areas in Thiruvallur, which have been mentioned below.

Here is a list of the most prominent areas in Thiruvallur where Rupeek extends its online services.

• Poonamallee
• Ponneri
• Avadi
• Tiruttani
• Pattabiram
• Thiruverkadu
• Uttukottai
• Periapalayam
• Tiruvelangadu
• Kadambathur
• Minjur
• Pulicat

Besides the above locations, borrowers can also avail prompt loan against property services from Rupeek from almost anywhere in the country.

So, what are you waiting for? Apply for mortgage loan on the Rupeek website to avail the best solution to your ‘loan against property provider near me’ searches today!