Borrowstreet provides Loan Against Property for salaried employees, self-employed individuals and self-employed professionals. Fulfil the required eligibility criteria based on your occupation and age to avail the loan. Refer the below mentioned Loan Against Property eligibility criteria to know more.
Individuals who are eligible for a loan against property:
Any individual who is in permanent service in the government or a reputed company.
The applicant should be above 24 years of age at the time of loan commencement and upto the age of superannuation.
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.
Professionals (i.e., doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply.
The applicant should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity.
All resident individuals can apply. The lessee must however be a company as defined under the Companies Act, 1956.
Funding will be done only against ready commercial property. The same will be restricted to 85% of the net present value of the future rentals or 50% of the value of property, whichever is lower.
Minimum Limit - Rs. 5,00,000
Maximum Limit - Rs. 5,00,00,000 (based on product / variant categorisation)
20% - 30% margin in case of purchase of commercial property
40% - 55% margin in case of loan against residential/commercial property
