As the name - Loan Against Property - itself indicates it is a type of secured loan which an applicant can avail against a commercial or residential property. Yes, you read it right in loan against property your concerned property is kept as collateral with the bank or the NBFC.
Now if you are looking to get a loan against your property in your own town, Shimla, then you can walk-in to Aavas Shimla branch at, Rain Basara Building, 1st Floor, Adj. Reliance, Main Road, Opp HDFC Life, Khalini, Shimla-171002 or you can call us at 1800-20-888-20 or you can write to us at [email protected], and we will get in touch with you to fulfill your loan needs.
Once our Delhi branch processes your loan against property request and sanctions the required loan then you will be able to use this liquidity to fulfill your various needs.
Please note that as loan against property come with no end usage restriction, which means that you are free to use the loan for your various unique needs. Like scaling your Delhi-based MSME business, funding a child's education in a top Delhi premier educational institute, or even using the funds to wed off your daughter. Loan against property comes with a unique distinction, the full freedom to spend the money wherever you want, no other loan provides such freedom.
And if you are wondering what kind of property Aavas Delhi branch consider to sanction loan against property then find the list below:
With Aavas Delhi branch getting a loan against your property is near you and easy.
A home purchase loan in Loan Against Property In Shimla can be availed in a few steps-
Home loan in Loan Against Property In Shimla disbursement is usually done in 15-30 days but it may take time if any of the documents are incomplete or has an error in it.
The minimum income requirement to get a home loan is 25,000. This amount varies according to different lenders and with different organizations.
The following documents are required to apply for a home loan-