Can we get loan on land documents?

Documents Required for Property Loan

You will have to furnish proof of identity, address and age along with the proof of income to support your application. You will also have to share the documents about the property that you are offering as collateral. … Income Tax Returns for the last 3 years. Processing fee cheque.

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Thereof, can I take loan on property?

A Loan against Property is a convenient option to finance all high-end expenditures for business or personal purposes. You can mortgage various Loan against Property types as collateral to avail funds of up to Rs. 3.5 Crore.

Just so, how can I check my IOB loan status? A person can check the loan status by calling the numbers 1800 425 4445 for any financial queries including Personal Loan. You can also directly go to the branch you apply at to meet the officer in charge to know the status of your personal loan application.

Subsequently, how much home loan can I get on 25000 salary?

25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)

How much home loan can I get on 40000 salary?

How much home loan can I get on my salary?

Net Monthly income Home Loan Amount
Rs.25,000 Rs.18,64,338
Rs.30,000 Rs.22,37,206
Rs.40,000 Rs.29,82,941
Rs.50,000 Rs.37,28,676

How much loan can I get against my land?

The maximum amount with a Loan against Property that an applicant can avail depends on the employment status. Self-employed individuals can avail an advance of up to Rs. 3.5 crore while the maximum loan limit for a salaried individual is Rs. 1 crore.

How much loan can I get on 50000 salary?

However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to Rs. 16.20 lakhs.

Salary Expected Personal Loan Amount
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs
Rs. 60,000 Rs. 16.20 lakhs

How much loan can I get on my salary of 15000?

A: A salary of Rs. 15,000 generally falls in the category of a low-income borrower group. So, an instant personal loan app with a maximum approval amount of 1.5 Lakhs can be availed by the borrower with a starting salary of Rs. 15,000.

What is eligibility for loan against property?

Loan Against Property Eligibility Criteria, Dec 2021

Age of the Applicant 18 to 70 years
Work Experience for Salaried 3 years and above
Loan Against Property Rates 6.90%
Business Stability for Self Employed 5 years and above
Minimum CIBIL Score 650

What is Sahayika scheme?

Consumption Loans – Sahayika. Loan to meet social financial commitments. Eligibility. Individual, confirmed permanent employee of a reputed organisation or a professional or self-employed or businessperson with three years standing in the field of activity, can apply for the loan.

What is the age limit for loan against property?

Any individual filing Income Tax returns can apply. The applicant should be above 24 years of age at the time of loan commencement and up to 65 years at the time of maturity.

What is the EMI for 10 lakhs home loan?

EMI Calculation for a Home Loan of Rs. 10 Lakh with Different Tenors

Loan Amount EMI when Tenor is 10 Years EMI when Tenor is 15 Years
Rs. 10,00,000 13,215 10,746

What is the interest rate of personal loan in IOB bank?

11.50% p.a.
Interest Rate 11.50% p.a.
Processing Fee 0.40% of the loan amount
Loan Tenure 1 to 5 years
Loan Amount Up to Rs.5 lakh
Salary / Income Minimum Rs.5,000 per month

What is the maximum repayment period permitted under IOB contractor scheme?

5 years including three to six months holiday period.

Which bank is best for loan against property?

Best Loan Against Property Schemes

Bank Interest Rate Tenure
HDFC Bank 8.00% p.a. – 8.95% p.a. Up to 15 years
IDFC First 8% p.a. onwards Up to 20 years
Tata Capital 10.10% p.a. onwards Up to 15 years
Axis Bank Up to 11.25% p.a. onwards Up to 20 years

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