Are you located in Noida and are looking for funds to finance big-ticket expenses? Property owners can rejoice since the hidden value of your property can help you avail of the funds required to give wings to your dreams.

Why Should I Consider Opting for a Loan Against Property in Noida?

We at Fullerton are glad to partner with you in helping you achieve your dreams. We haven’t laid down barriers on the reasons for which the funds can be used with the exception that the funds cannot be used for any illegitimate purpose. If you are a salaried, self-employed professional or SME considering a loan to finance your expenses, this is why a loan against property in Noida might be an ideal option:

• Pledge Commercial/Residential Properties: Obtain finance of up to 5 crores or up to 65%* of the market value of your residential/commercial property and finance your requirements. 
• Easy Approval: We have simplified the loan application process for the convenience of our customers.  You can apply online, and our customer service representatives will get in touch with you to understand your requirements.
• Reasonable Rates of Interest: Avail of loans against property at reasonable interest rates starting at 9%.
• Customised Solutions and Convenient Repayment Tenure: We customise our loan products to cater to different requirements that may arise at different stages of your life. We offer flexible repayment tenures ranging between 12 - 180 months so that you can choose an EMI which best fits within your budget. 

What is the Eligibility Criteria to Apply for a Loan Against Property?

Our basic eligibility criteria are simple and straightforward to ensure a smooth customer experience. The basic criteria are as described below:

• Salaried Professionals: For Salaried professionals aged between 21 to 60 years of age employed in public, private companies or employees of Multinational Companies and are resident citizens of India are eligible to apply. The applicants should possess a CIBIL score of 700 or above to be able to apply for a loan against property in Noida.
• Self-Employed Professionals: For professionals between the age of 25 to 65 years, with a regular stream of income and a credit score of 700 and above who are resident citizens of India are eligible to apply.
• SME’s: Indian SMEs that are at least two years old and making a steady stream of profit over at least two years, audited by a Chartered Accountant are eligible to apply.

Please note that other factors such as the nature and value of your property, your monthly income, existing obligations, credit history and other factors including Fullerton India’s policy at the time of loan approval will also be considered to determine mortgage loan eligibility. In case of multiple applicants, the same criteria for all applicants will be considered.

What are the Documents Required to Apply for a Loan Against Property in Noida?

The documents required for loan against property to be submitted to evaluate your eligibility while applying:

Salaried Professionals: Salaried professionals desirous of applying for a loan are required to furnish a copy of their Income tax returns of the previous two years, KYC documents, bank statements and salary slips of the previous six months in addition to the documents of the property offered as collateral while applying for the loan.

Self-Employed Persons: Self-employed persons are required to submit a copy of their Income Tax returns of the previous two years, KYC documents, bank statements of the past 6 months, and income statements  in addition to the documents of the property offered as collateral while applying for a loan against property in Noida.

SME’s: SMEs are required to submit KYC documents, a copy of Form 16, bank statements for the previous six months accompanied with Income tax returns for the previous two years along with the summary of audited financial statements, and the documents of the property offered as a loan. 

If you are considering opting for a loan against property, get in touch with us through phone, email or walk into the nearest Fullerton India branch to know more.

*Terms and conditions apply.

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