Nasik is known as the ‘wine capital of India’ as the city houses 22 of India’s 46 wineries. The city presents as being one of the multicultural junctions and is responsible for producing more than 3.5,000 tons of grapes every year.
If you live in Nasik, have a property here and is looking to buy a dream home, here is a way out. Many leading banks and non-banking finance companies offer you the loan against property in nasik facility. By using this facility, you can mortgage your property and get a higher loan amount to buy a new home and cover other needs.
What Is A Loan Against Property?
The loan against property in Nasik is a unique lending facility. Under this, a borrower needs to keep his/her property as collateral to secure a higher loan amount. Since there is collateral involved, the loan is secured and carries a lower rate of interest.
Depending upon the condition of your to be mortgaged property and your loan against property eligibility, you can get a loan approval of up to Rs.3.5 crore. The loan amount that you grab could be used for many purposes as per your needs.
Loan Against Property Eligibility
An applicant for the loan against property India should first prove his/her eligibility and provide some documents to take a step towards the loan approval.
- Your age should be between 25-70 years
- You need to have a regular source of income – salaried and self-employed can apply
- Only an Indian citizen whose property exists in a city as decided by a lender can apply for the loan against property
- You need to submit your KYC, IT returns, Salary Slips, a documented copy of the property to be mortgaged as per your financial profile
Advantages Of Loan Against Property In Nasik
1. A High-value Loan Is Now Possible
With the loan against property in Nasik facility, the dream of availing a higher loan value of up to Rs.3.5 crore is possible. It is up to you to use the loan money as per your needs such as buying a bigger home and fulfil other wishes.
2. Quick Loan Disbursal
Lenders understand that you may be mortgaging your property in Nasik for some immediate need of money. As a result, a prospective lender may not take time to approve your loan request and may disburse the money in less than 72 hours or so.
3. Repayment Tenors To Suit Your Income
As per your loan against property eligibility, you can get a flexible tenor ranging between 2 and 20 years to repay the loan in easy instalments.
4. Enjoy Flexi Loan Facility
You can utilize a loan amount as per your needs from your loan limit and pay only the interest as EMI. The rest of the money can be adjusted after the end of the tenor. This way, you may manage the expense related to the loan effortlessly as per your wish.
Do you want to buy a dream home without selling your asset like a property? You can apply for the loan against property in Nasik online today and get started.
Bajaj Finserv offers pre-approved offers on loan against property, home loans, personal loans, home loans, and many more financial offerings. It will simplify the overall loan procedures and make it less time-consuming for you. You can discover your customized pre-approved loan offers today after submitting your basic details such as your name and mobile number.