K&S Loan Mentors
K&S Loan Mentors is Financial Consultancy who consult their client as per their needs
K&S Loan Mentors is Financial Consultancy who consult their client as per their needs
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This type of loan is given on a self-occupied property that is indicated to be used for manufacturing goods and is present in major industrial zones. A loan against industrial property is given to self-employed people who are willing to offer the industrial property owned by them as collateral. One can take a loan of an amount up to 70% of the current value of the industrial property. People
mostly take this loan to meet the needs of the industrial business which may be expanding it, buying raw materials to meet heavy demands or any other purposes.
This is one of the most basic types of loan against property where you keep any of your residential or commercial property as collateral and get money from banks or non-banking financial companies. The loan amount that you’ll get will depend on the current value of your property. Here, the property on which you can get a LAP could be self-occupied, rented, or vacant, but it should be owned by you. Here, you need to make sure that all the property papers must be complete as any glitches may cancel your loan application.
Your entire borrowing process simple and user friendly You can get your loan funded in as little as 48 hours
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
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If want to apply for a Loan Against Property, you must meet the following criteria.
| Age | Min 25 years Max 70 years |
| Income | Minimum Profit Rs. 10, 00,000 per year |
| Business Duration | Minimum 3 years in the current Business |
Here are the common questions that people ask.
Basic documents that will be required during application include your ID proof, complete property papers, income proof (for salaried), proof of net profit (self-employed), bank statements, ITR, proof of property insurance, residential proof, and signature proof.
Anyone who is a salaried employee, businessman (self-employed), or professional with a self-owned property can apply for a loan against property.
This depends on the financial institution you have applied for a loan. However, after complete verification, the loan amount mostly gets disbursed within 24 to 48 hours.