Loan Against Property in
Jodhpur
Loan Against Property in Jodhpur
Jodhpur is second-largest city in Rajasthan. It is a land of chance for one looking to make it bigger. Thousands of people move in Jodhpur and out of the on a regular basis, to pursue their dreams and get closer to fulfillment.
Jodhpur has an efficient transportation network, provides the best service in the hospitality industry, and has excellent educational facilities. Due to all these factors, the city has witnessed remarkable growth in all sector. Owning a property in jodhpur city has huge potential in terms of resourcing funds. You can use it to address the shortfall in your personal or business expenses, to build a new asset, or simply to repay an existing debt.
Jodhpur is one of the most costly cities in Rajasthan, which can potentially bring in diverse economical challenges for residents. Thankfully, as a smart step to overcoming some of these challenges you can instantly get a Loan Against Property in Jodhpur that can help your personal or business expenses.
The interest rates for loan against property in jodhpur start from 9.99% p.a. and repayment tenures of up to 20 years. Borrowers can get the loan amount for up to 70% of their property’s market value, based on their credit history and use it for meeting their personal and business needs.
Loan Against Property can help you get the best potential value for your property. Our competitive and affordable interest rates in Jodhpur ensure that you enjoy a hassle-free financing process. Look no further, as we offer transparent loans with minimal documentation and flexible tenure.
Loan amount offered
₹10,00,000 – ₹5,00,00,000
Loan tenure
Up to 20 years
Interest rate starting @
09.99%
Exclusive Offer Get 1% Off
On Your Loan Against Property
in Jodhpur
Features of Loan Against Property
in Jodhpur
Instant Loan Approval
We approve loan applications instantly and disburse
Minimal Paperwork
As with documents, the paperwork that needs to be completed is minimal.
Flexible Repayment
Flexible repayment tenure ranging from 36 months to 20 years.
LTV Ratio up to 70%
Maximum loan amount for the property value up to 70% of the property’s
Eligibility Standards for a Loan Against Property in Jodhpur ?
Before understanding how to get a Loan Against Property, you must check the eligibility. Your eligibility depends on various factors, including a fixed monthly earnings, age, nature of employment, professional experience, CIBIL score and property value etc. For an immediate Loan Against Property from Loan Market Jodhpur , you must fulfil the easy-to-meet eligibility standards. You also need to share personal details including your PAN number, CIBIL score & KYC documents.
- Age should be between 22 to 58 years
- The minimum monthly income should be ₹ 20,000
- One-year work experience with 1 months at the current employer
- You should have a good credit score, 650 or above
Salaried
Employed at the current company for at least 1 year
Self-Employed
• Business tenure of at least 3 years (continuous)
• ITR of last 3 years
Repayment capacity: Many lenders also require their Loan Against Property applicants’ total EMIs, including the EMI of their proposed LAP, to be between 50 and 60% of their net monthly income. While keeping their total EMIs under 50% of their net monthly income.
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Loan Against Property Interest Rates in Jodhpur :
Rajasthan heritage city is developing at a active pace with the entry of several manufacturing and services companies in Jodhpur , employment opportunities are increasing. With the growing opportunities, income levels are also going up. At such times, we feel it is our duty to fulfill the dreams and ambitions of the growing people of Jodhpur . Hence, we offer Loan Against Property in Jodhpur at an extremely attractive interest rate. In fact, if you compare the Loan Against Property interest rate in Jodhpur offered by Loan Market Jodhpur with those offered by other lenders, you will find that our rates are among the lowest. No doubt, our Loan Against Property is popularly known as the best Loan Against Property in Jodhpur.
| LAP Interest Rates | 9.99%* p.a. onwards |
| Loan Amount | ₹10 Lakh to ₹5 Crore |
| Loan Processing Fees | Up to 1% of the loan amount |
| LTV Ratio | Up to 70% of the property’s market value |
| Loan Tenure | 3 – 20 Years |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources |
| Late Payment Charges | 2% per month |
| Cheque Bounce Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
Loan Against Property in Jodhpur
Customers Reviews
Property Types for Loan Against Property
Residential property
Residential property is one’s personal place of stay and residence. Residential property includes an apartment, villa, building, or even a plot of land. You can pledge a residential property to get a Loan Against Property loan, whether self-occupied, rented, or lying vacant. As long as the ownership of the property is with you, you can Loan Against Property residential property. Mortgaging a residential property ensures you get the lowest interest rates on the Loan Against Property loan spectrum.
Commercial property
Commercial property is any property used for purposes other than a residence. As long as these properties get used for business activities and generating income, they qualify as commercial property. Commercial property includes office spaces, schools, gyms, retail stores, warehouses, medical centers, and the like. Borrowers can pledge rented or vacant commercial spaces as long as there is no legal dispute on ownership and title existing on the property.
Industrial property
Industrial properties are properties used to manufacture, develop, and produce any goods or products. Borrowers can pledge an industrial property for a Loan Against Property loan, but the approval varies from lender to lender. Some lenders do not consider industrial properties as collateral, while others do.
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Loan Against Property in Jodhpur FAQS
Am I eligible for Loan Against Property in Jodhpur ?
You should have a property in jodhpur with regular source of income to avail a loan whether you are a salaried individual, self-employed. A person’s eligibility is also affected by the credit history his/her residential location and other factors as per the lender’s criteria for Loan Against Property in jodhpur.
What is the minimum and maximum loan amount for Loan Against Property in jodhpur ?
The loan amount generally varies from a few 10 lakh to 5 Crore of rupees depending on your eligibility criteria like credit score, borrowing history, income, and repayment capacity.
What are the documents required for a Loan Against Property application ?
The documents needed to apply for a Loan Against Property in Jodhpur are:
- Application form with a recent photograph
- Identity Proof: Passport/Voter ID/Driving License/PAN Card
- Address proof: Ration card/telephone bill/ Electricity bill/ Rent agreement/ Passport/ Driving License/ Bank passbook or statement
- Age proof: PAN Card/ Passport/ any other certificate from a statutory authority
- Form 16
- Bank statements (bank statements or passbook for last 6 months) or last 6 months salary slips
- Income tax returns for last 3 years
- Documents related to the property offered as collateral: Sales deed/copy of Agreement, share certificate (if society formed) and latest maintenance bill
What will be my loan repayment period ?
Your Personal Loan tenure depends on your eligibility. It could be anything from 3 Years to 20 years.
How to apply for a Loan Against Property In jodhpur ?
To apply for a Loan Against Property in jodhpur , just follow some simple steps and the loan will be yours in no time! Open the Loan Market website and go to the “Apply Now” section under the “Loan Against Property” product. Fill out the form with all the details that are asked. Upload few documents that you must have kept ready. Once this process is done, you simply need to sit back and await confirmation from us. Once we verify all your details from the documents you have provided, we will send you a confirmation and upon approval from you, we will disburse the loan amount to your account.
Is there any extra charge payable when applying for Loan Against Property in jodhpur ?
Yes. In addition to the interest payable on the principal amount, there is an additional non-refundable charge that needs to be paid when applying for a Loan Against Property in jodhpur .
How long does it take for loan to be disbursed ?
You can choose and apply for a Loan Against Property 3 working days through Loanmarket.site . After you have filled out the online application form on our website, the prospective Team gets in touch with you and asks you to provide the relevant documents to support you loan application. Once you have submitted all the relevant documents, the bank may disburse your personal loan as early as the next 48 hours.
I have a low CIBIL™ score. Would I be eligible for a Loan Against Property ?
Best to improve your credit score. If your credit score is low, it is advisable to take time to improve it before applying for a Loan Against Property. This would help avoid the possibility of rejection which would lead to further damage to your credit score.
What are the features and benefits of a Loan Against Property ?
Minimum documentation, quick approvals, and disbursals, overdraft facility available, tenure length up to 5 years, flexibility in payment terms are some of the features and benefits of a Loan Against Property.
About Company
We Help Our Customers To Achieve Their Desired aims
Loan Market aims to make personal finance decisions easy, transparent and convenient for Jodhpur. we are is a Non-Banking Finance Website that focuses on consumer financing need like Personal Loan , Business Loan , Loan Against Property , Home Loan and many other loan. We are proud to be a popular consumer finance web in jodhpur. We make personal finance need easy, convenient & transparent using data and technology innovations, we help you choose the most-suited financial products.