Cochin City

A brief insight in loan against property schemes

Are you in urgent need of some financial boost? Do you need a big amount of money to support your growing business? Well, banks in India have a solution for you. Cochin loan against property can solve all your problems. This amount of money will help you to deal with those emergencies, and you can also use it for some big business ideas.

 

 

Loan against property is a secured loan, and the security is your property. Usually, the money that you can get with this loan amounts up to 70% of the property value. This money needs to be repaid, and the loan tenure will determine the repayment deadline.

Benefits of loan against property

You should know that application process is very simple and very fast. You can rely on this loan when you are in urgent need of money. As soon as you apply, the bank will give you a feedback.  The process of application requires you to submit documents required to process the loan. You just have to wait after the documents are submitted.

 

 

Below are the important documents which you are requird to submit to complete your online application process for your loan against property in Cochin:

  • Address Proof
  • ID Proof
  • Income Proof
  • PAN Card
  • Passport copies
  • Passport-sized photographs

People think that it is better to take a personal loan instead of a loan against property. However, in many cases this is not true. Interest Rates are higher than the rates of loan against property, and that means that monthly rates are bigger, too.

Cochin banks and their Interest Rates

The banks for loans against property in Cochin offer different Interest Rates. You will have to do a little research in order to find the best one. Some examples of loan against property Interest Rates are:

 

 

1. State Bank of India: Interest Rate is 11.6% onwards
2. Jammu and Kashmir Bank: Interest Rate begins from 12.4%
3. Dena Bank: Interest Rate is 11.15% onwards

Interesting loan against property schemes in Cochin

If you are searching for loan against property schemes in Cochin,you need to check these banks:

 

 

1. Dena Bank:
 

• The floating Interest Rates is 11.15% onwards
• No pre closure charges
• Maximum loan tenure is 7 years
 

2. Vijaya Bank:
 

• The floating Interest Rate begins from 12.15%
• Maximum loan tenure is 7 years
• Processing fee is up to 0.55%
 

3. HDFC Bank:
 

• Interest Rate is 11.49% onwards
• Maximum loan tenure is 9 years
• Processing charges can go up to 1% of the loan
 

4. Corporation Bank:
 

• Interest Rate begins from 12%
• Maximum loan tenure is 10 years
• No pre closure charges

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