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You can avail Loan Against Property in Chennai against your residential or commercial property to meet your business needs or for other financial commitments such as your child’s education, marriage expenses and much more.

The Loan against Property in Chennai comes with the following benefits:

  • Get higher loan amounts ranging from Rs.10 lakhs up to Rs. 7.50 crores.
  • Maximum value out of your property in Chennai by getting finance up to 65%* of your residential property value in chennai.
  • Loans available in chennai on residential as well as commercial property in chennai .
  • Loan repayment can extend from 5 years to 15 years.

Higher Loan amounts in Chennai

Depending upon the value and type of your property in chennai you can get a loan up to Rs. 7.50 crores. For commercial properties in chennai, the maximum loan amount is Rs. 5 crores.

Loan against multiple property types in Chennai

Whether it is residential or commercial property in Chennai you can get a loan against it, provided it meets the criteria given below

Loan against Residential Properties in Chennai

The residential property in chennai can be either self-occupied or rented out. Properties co-owned by minors / HUF / trusts are not eligible for Loan against Property in chennai.

Loan against Commercial Properties in Chennai

You can avail a loan against your occupied office premise or a shop. For more details please get in touch with our counsellors today.

Loan for Purchase of Commercial Property in Chennai

You can avail a loan to buy a commercial property in Chennai like office or shop.

Easy repayment plan commercial property in Chennai

You can choose a repayment plan, which is comfortable for you. Our loan tenor options ranges from 5 years to 15 years.

Eligibility criteria commercial property in Chennai Salaried Schedule
Minimum Age 23 Years 23 Years
Maximum Age 65 years or retirement, whichever 65 Years
Minimum Gross Annual Income (Rs) 200, 000
Financials
  • Salary slip of last three month
  • Form 16 or ITR
  • HR certification showing all allowances and reimbursements (if any)
  • Copy of bank statement (main account) for last 6 months
  • Repayment details on any existing loans or loan closure letter
  • Income Tax returns for the last 2 years
  • Profit & Loss Account along with computation of Income and Balance Sheet for last 2 years, duly certified by a CA
  • Proof of business continuity for last 3 years
  • Copy of bank statement (main account) for last 6 months
  • Short note on the nature of business, form of organisation, clients and suppliers, etc.

Loan against property Product Portfolio

We have a range of products to cover your varied needs. You can avail of our Loan Against Property for any of the following:

  • Loan Against Commercial Property in chennai
  • Loan Against Residential Property in chennai
  • Loan for Purchase of Commercial Property in chennai
  • Loan Against Plot in chennai
  • Lease Rental Discounting loan in chennai
  • FlexiSaver loan in Chennai

Loan against property in Chennai Features and Benefits

Part Prepayment facility

Nil Foreclosure charges

You can avail Loan Against Property in Chennai against your residential or commercial property to meet your business needs or for other financial commitments such as your child’s education, marriage expenses and much more.

The Loan against Property in Chennai comes with the following benefits:

  • Get higher loan amounts ranging from Rs.10 lakhs up to Rs. 7.50 crores.
  • Maximum value out of your property in Chennai by getting finance up to 65%* of your residential property value in chennai.
  • Loans available in chennai on residential as well as commercial property in chennai.
  • Loan repayment can extend from 5 years to 15 years

Higher Loan amounts in Chennai.

Depending upon the value and type of your property in chennai you can get a loan up to Rs. 7.50 crores. For commercial properties in chennai, the maximum loan amount is Rs. 5 crores.

Loan against multiple property types in Chennai

Whether it is residential or commercial property in Chennai you can get a loan against it, provided it meets the criteria given below

Loan against Residential Properties in Chennai

The residential property in chennai can be either self-occupied or rented out. Properties co-owned by minors / HUF / trusts are not eligible for Loan against Property in chennai.

Loan against Commercial Properties in Chennai

You can avail a loan against your occupied office premise or a shop. For more details please get in touch with our counsellors today.

Loan for Purchase of Commercial Property in Chennai

You can avail a loan to buy a commercial property in Chennai like office or shop.

Easy repayment plan commercial property in Chennai

You can choose a repayment plan, which is comfortable for you. Our loan tenor options ranges from 5 years to 15 years.


Easy Mortgage loan in Chennai

You can mortgage your residential property, commercial property or Industrial property to get a loan in Chennai & meet all your financial requirements.

Mortgage loan in Chennai Up to Rs.10cr, Loan above Rs.10cr* can be provided depending upon individual cases.

Mortgage loan in Chennai Maximum Funding*:

  • Up to 65% of the market value of the property (Residential Self Occupied)
  • Up to 55% of the market value of the property (Residential Leased Out)
  • Up to 50% of the market value of the property(Commercial/Industrial)
  • More funding to existing Bank’s customer.

*Subjected to repayment capacity of the individual as assessed by


Loan against property in Chennai Eligibility and Documents

Eligibility criteria commercial property in Chennais Salaried Self-employed
Minimum Age 23 Years 23 Years
Minimum Age 65 years or retirement, whichever is earlier  65 Years
Minimum Gross Annual Income (Rs) 500, 000 500, 000
Documentation Salaried Salaried
Financials
  • Salary slip of last three month
  • Form 16 or ITR
  • HR certification showing all allowances and reimbursements (if any)
  • Copy of bank statement (main account) for last 6 months
  • Repayment details on any existing loans or loan closure letter
  • Income Tax returns for the last 2 years
  • Profit & Loss Account along with computation of Income and Balance Sheet for last 2 years, duly certified by a CA
  • Proof of business continuity for last 3 years
  • Copy of bank statement (main account) for last 6 months
  • Short note on the nature of business, form of organisation, clients and suppliers, etc.

Purchase of House Plots

SALIENT FEATURES :

  • Loans for:
    • Purchase of a plot through direct allotment
    • Purchase of a resale plot
    • Transferring your outstanding loan availed from another Bank / Financial Institution
  • Attractive interest rates that make your Plot Loan affordable and easier on your pocket.
  • Customised repayment options to suit your needs.
  • Expert legal and technical counselling.
  • No hidden charges.
  • Speedy loan approval
  • Get loan up to 60% of land
  • Minimal documentation
  • Loan amount up to Rs.25 Lakhs
    • Loan is provided for purchasing house plots for subsequent construction of house.
    • Loan amount up to Rs. 25 Lakhs with a margin of 40%(of cost of land as shown in sale deed + Stamp duty + Registration charges)
    • Repayment period of the loan is 60 Months
    • Repayment can be done as easy EMIs.
    • Security for the loan will be House plot to be purchased and Interim Security for 100% of the loan amount.

PAN Card

  • Last 3 months' Salary Slips
  • Last 6 months' Bank Statements, showing salary credits
  • Latest Form-16 and IT returns
  • Own Contribution Proof
  • Employment Contract / Appointment Letter in case current employment is less than 1 year old
  • Last 6 months' Bank Statements showing repayment of any ongoing loans

Property related documents

  • Copy of Allotment Letter / Buyer Agreement
  • Title Deeds including the previous chain of the property documents in resale cases

All documents to be self attested. The above list is indicative in nature and additional documents can be asked for.

plot-loans-self-employed

Proof of income

  • PAN, TAN Card
  • Income Tax Returns along with computation of income for the last 3 Assessment Years
  • Last 3 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules (Points 2 & 3 should be of both the individual and the business entity and attested by a CA)
  • Last 6 months' Current A/c Statements of the business entity and Savings Account Statements of the individual

Other documents

  • Business Profile
  • Latest Form 16 AS
  • List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company Memorandum and Articles of Association of the Company
  • Partnership deed in case of the business entity being a partnership firm
  • Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.
  • Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
  • Cheque for processing fee favouring ‘HDFC Ltd.’
  • Own Contribution Proof

Property documents

  • Copy of Allotment Letter / Buyer Agreement
  • Title Deeds including the previous chain of the property documents in resale cases

PLOT LOAN/ LAND LOAN

Features and Benefits of Plot Loan/ Land Loan

  • Tenure & Term: The tenure of your loan ranges from 1 to 20 years. The term however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self employed individuals).
  • Purpose: Avail a Plot loan on purchase of Non Agricultural land situated within Municipal / Local Development Authority limit.
  • Easy Documentation: To enable us to speedily process your home loan application, we will require the following:
    • KYC (Know Your Customer) documents
    • Proof of Income documents and bank statements as per log-in checklist
    • Property related documents

Eligibility for Plot Loan/Land Loan

Features and Benefits of Plot Loan/ Land Loan

  • Repayment capacity
  • Age of the Plot Loan applicant
  • Educational qualifications
  • Stability and continuity of income
  • Number of dependents
  • Co-applicant’s income
  • Assets
  • Saving habits, and more

We offer two variants of Loan against Property -

  • Loan Against Residential Property/ Plot
  • Loan Against Commercial Property/ Plot

Features and Benefits of Loan Against Residential Property

  • Eligibility – mortgage loans can be availed by Salaried, Self Employed Professionals and Self Employed Non-Professionals
  • Purpose – For meeting personal needs like, acquiring asset, education needs, marriage, personal travel, etc against the mortgage of residential property/ plot acceptable to us
  • Min and Max Loan Size – Avail loan from ` 15 Lacs up to ` 10 Crore
  • Tenure – Loan tenure of upto 15 years
  • Balance Transfer your existing loans with an additional loan amount
  • Maximum Loan Amount
  • Door Step Service
  • Realise your dreams faster
  • Easy Documentation

Variants

  • Loan Against Existing Residential Property
  • Loan Against Existing Residential Plot

Eligibility Criteria based on

  • Property Value
  • Repayment Capacity
  • Assets
  • Liabilities
  • Age
  • Legal & Technical Clearance of Property Title The above criteria are subject to change from time to time at the sole discretion of Banks and Nbfc’s

LAP checklist

KYC ALL INDIVIDUAL’s.

  • PANCARD COPY
  • RESIDENCE PROOF
  • LATEST 1 YEAR SAVINGS ACCOUNT BANK STATEMENTS
  • LATEST PASSPORT SIZE PHOTOGRAPH

KYC COMPANY

  • REGISTRATION CERTIFICATE
  • LATEST PHONE BILL
  • BUSINESS PROFILE

INCOME DOCUMENTS

  • LATEST 3 YEARS IT RETURNS WITH FORM 16 AS
  • LATEST 1 YEAR BUSINESS CURRENT ACCOUNT BANK STATEMENTS

IF COMPANY PARTNERSHIP

  • BUSINESS PROFILE
  • PARTNERSHIP DEED COPY
  • COMPANY PANCARD COPY
  • COMPANY IT RETURNS LATEST 3 YEARS WITH Form 16 AS
  • LATEST 1 YEAR BUSINESS CURRENT ACCOUNT BANK STATEMENTS

IF COMPANY PVT LTD

  • BUSINESS PROFILE
  • MOA & AOA COPY
  • LATEST SHARE HOLDING PATTERN
  • COMPANY PANCARD COPY
  • COMPANY IT RETURNS LATEST 3 YEARS WITH Form 16 AS
  • LATEST 1 YEAR BUSINESS CURRENT ACCOUNT BANK STATEMENTS

OBLIGATIONS OR COMMITTMENTS

  • ALL INDIVIDUALS & COMPANY AVAILED ANY TYPE OF LOANS PLEASE PROVIDE ALL LOANS SANCTION LETTER COPIES REQUIRED

checklist Self Employed

loan against property in Chennai

Following are the required documents for loan against property (Self Employed ) in Chennai.

  • 3YRS ITR with full set along with Tax Paid Challan for applicant and company.
  • 1 yr Bank Stmt ( SB and CA )
  • Company Address proof required.
  • Company Profile and individual profile
  • KYC ( Pan, Passport copy, Ration card)
  • Existing Loan Sanction letter & Repayment Schedule.
  • If any rental agreement.
  • Passport size photo -1
  • Processing Fee : Favoring “ABC BANK” from the Salary Account.( Total 0.5%+12.36%service tax .)
  • Property Documents.
    • Sale Deed.
    • Parent Document.
    • Plan Copy. 2 SET
    • E.C.
    • If it is Home Loan Sale agreement & construction agreement Required.

Salaried Checklist

Following are the required document for Home Loan in chennai

Please find the below mention documents for all Applicant.

  • Latest 4 Months Pay slips.
  • Latest 6 Months Bank Statement Showing Salary credit.
  • Latest Form 16. For 2Yrs.
  • Address Proof (RationCard, Passport, Bank statement, )
  • ID & Age Proof (Pan card )
  • Latest Passport Size Colour Photo.
  • Processing Fee : Favoring “ABC BANK” from the Salary Account.
  • Existing loan Sanction letter & Repayment Schedule.(Personal, Car loan)
  • If Less Than 2yrs In The Present Organization.
    • Realiving Letter order From Previous Company
    • Realiving Letter order From Previous Company
  • Property Documents.
    • Sale Agreement & Sale Deed.
    • Parent Document.
    • Plan Copy. 2 SET
    • E.C.