Reliance Home Finance Limited India - Loan Against Property
Reliance Home Finance Limited offers loan against property to individuals who own a property and are in need of funds for various purposes. This loan allows individuals to pledge their property as collateral and avail a loan amount based on the value of the property.
Key Features of Loan Against Property from Reliance Home Finance Limited:
- Loan amount: Up to 70% of the market value of the property
- Tenure: Flexible repayment options ranging from 1 to 20 years
- Interest rate: Competitive interest rates based on market conditions
- Eligibility: Individuals who own a property and are in need of funds
- Quick processing: Fast approval and disbursal of loan amount
Documents Required for Loan Against Property:
- Identity proof
- Address proof
- Property papers
- Income proof
- Bank statements
How to apply for Loan Against Property from Reliance Home Finance Limited:
To apply for a loan against property from Reliance Home Finance Limited, individuals can visit their nearest branch or apply online through their official website. The application process is simple and involves submitting the required documents along with the loan application form.
Contact Information:
If you have any queries or require more information about loan against property from Reliance Home Finance Limited, you can contact their customer support team at:
Phone: 1800-200-3838
Email: customercare@reliancehomefinance.com
Frequently Asked Questions
1. What is a loan against property?
A loan against property is a type of secured loan where you pledge your property as collateral to get a loan from a financial institution.
2. How much can I borrow with a loan against property?
The amount you can borrow with a loan against property depends on the market value of your property and the lender's policies. Typically, you can borrow up to 60-70% of your property's value.
3. What are the eligibility criteria for a loan against property?
The eligibility criteria for a loan against property vary from lender to lender, but generally, you need to be a salaried or self-employed individual with a stable income and a good credit score.
4. What documents are required to apply for a loan against property?
The documents required to apply for a loan against property include proof of identity, proof of address, property documents, income proof, and bank statements.
5. What is the tenure for a loan against property?
The tenure for a loan against property is typically between 5 to 15 years, depending on the lender's policies and your repayment capacity.
6. Can I prepay my loan against property?
Yes, you can prepay your loan against property either in part or in full. However, some lenders may charge a prepayment penalty, so it's important to check with your lender before making any prepayments.
