Home Loan at 6.66% .

Home Loan rates have really dived in the last quarter, so if you are planning to get a new home loan. please speak to us and then decide. If you have an existing Home Loan running . you can get a better rate from the existing bank or you can contact us we can provide you the industry best rate. Call at 9911594833 for details.

Looking for Loan Against Property in Delhi NCR ?

What is Loan Against Property ?

Loan Against Property as the name suggest is advanced against a Property. The property can be a Residential Property, Commercial Property. Industrial Property or a Plot. The original property documents are mortgaged with the bank or financial institution and a certain amount of the market value is given as loan. The current Rate of Interest starts from 10.55 onward. 

Special features of Loan Against Property

• Loans up to Rs. 10 Cr.
• Flexible repayment tenure up to 15 years*
• Loan against residential or commercial property
• Loans up to 70% of the property value*

You can get a Loan Against Property for

• Purchase of machinery
• Purchase of commercial property
• Closure of existing high-cost debts
• Buying a new property
• Your child's education
• Any other personal, business or professional need
• 
  

What is EMI ?

EMI stands for Equated Monthly Installments. This installment includes both the Principal and Interest Components. Citibank Loans against Property are repaid through EMIs (Equated Monthly Installments) over the period of the loan. The table below shows indicative EMIs for different periods for a loan of Rs1 lakh and interest rate of 10%. 

Loan Tenure (in Years)	EMI Per Lakh (in Rupees)
5	2,250
7	1,792
10	1,464
15	1,233

Loan Documents for Loan Against Property :

 If you are a salaried individual, you will require the following documents:

• Your Proof of Residence - A ration Card / Telephone Bill / Electricity Bill / Voters Card will do.
• Your Proof of Identity - A Voter's Card / Driver's License / Employer's Card will do.
• Your latest Bank Statement / Passbook from where you can show a salary / income being credited from the past 6 months.
• Your Salary Slip from the last 6 months with all deductions shown. A Form 16 from the last 2 years will also be required.
• Copies of all Property Documents of the concerned property that you chose to pledge for the loan.

If you are a self employed professional/individual, you will require the following documents:

• Certified Financial Statement for the last 3 years.
• Your Proof of Residence - A ration Card / Telephone Bill / Electricity Bill / Voters Card will do.
• Your Proof of Identity - A Voter's Card / Driver's License / Employer's Card will do.
• Your latest Bank Statement / Passbook from where you can show a salary / income being credited from the past 6 months.
• Copies of all Property Documents of the concerned property that you chose to pledge for the loan.