Shriram Housing Finance Limited - Loan Against Property
Shriram Housing Finance Limited offers loan against property to help individuals unlock the value of their property and meet their financial needs. Here are the complete details of the loan against property offered by Shriram Housing Finance Limited:
Features of Loan Against Property:
- Loan amount of up to 70% of the market value of the property
- Flexible repayment options
- Loan tenure of up to 15 years
- Competitive interest rates
- Quick and easy approval process
Eligibility Criteria:
- Minimum age of 21 years
- Maximum age of 60 years
- Minimum income requirement
- Clear title of the property
Documents Required:
- Identity proof
- Address proof
- Income proof
- Property documents
How to Apply:
Individuals can apply for a loan against property from Shriram Housing Finance Limited by visiting their nearest branch or by filling out an online application form on their website.
Contact Information:
For more information about loan against property offered by Shriram Housing Finance Limited, individuals can contact their customer support team at 1800-102-1166 or visit their website at www.shriramhousing.in
Frequently Asked Questions about Loan Against Property with Shriram Housing Finance Limited
1. What is a Loan Against Property?
A Loan Against Property (LAP) is a secured loan that is disbursed against the mortgage of a residential or commercial property.
2. What is the maximum loan amount I can get against my property?
The maximum loan amount you can get against your property will depend on the value of the property being mortgaged and your repayment capacity.
3. What are the documents required to apply for a Loan Against Property?
The documents required typically include KYC documents, income proof, property documents, and bank statements. Specific requirements may vary.
4. What is the tenure of the Loan Against Property offered by Shriram Housing Finance Limited?
The tenure of the loan can range from 5 to 15 years, depending on various factors.
5. Can I prepay my Loan Against Property before the completion of the tenure?
Yes, you can prepay your Loan Against Property before the completion of the tenure. However, there may be prepayment charges applicable.
6. What is the interest rate offered on Loan Against Property by Shriram Housing Finance Limited?
The interest rate offered on Loan Against Property may vary based on various factors such as loan amount, tenure, credit score, etc.
