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loan against property

Loan Against Property

  • Multiple Offers
  • Pan India
  • Rate Starts @ 9.40%
  • Loans

Interest Rate

9.40%* P.a. Onwards

Emi

Starts At ₹ 840/Lakh

Processing Fees

Upto 1.5% Of Loan

Loan Tenure

Upto 30 Years

Guarantor

No Guarantor Required

Pre-pay Charges

Nil (Post 36 Months)

Pre-closure Charges

Nil (Post 36 Months)

Loan Funding

Upto 60% Of Property

What is Loan Against Property?

Loan against property also known as a ‘multi-purpose’ loan is a type of loan that makes assets available to you to use as you wish. Whether it is a set of goals that you want to attain, renovate your house, wedding in your family, taking care of your child`s education or manage your business finances, a loan against property from Spoctree covers it all.

We, at Spoctree, have offers that are easy and hassle-free along with customized loan plans for every individual. When it gets difficult to choose from multiple options that various banks have to offer, we make sure to help you to select the right option.

  • Loan on various property

    - With Spoctree, you can avail loan against your residential/commercial property, or a loan to purchase a commercial property

  • Flexible repayment

    - Pay your mortgage loan according to your budget and enjoy the flexibility of part payment facility. Spoctree allows you to borrow for tenures for a period of 20 years with the flexibility to modify the tenure structure according to your financial needs

  • Transparent processing

    - All charges communicated upfront at the time of loan processing. No hidden charges

  • Quick and efficient servicing

    - With Spoctree`s quick service, your loan against property will be processed quickly and with ease

  • Security

    - Spoctree provides equitable mortgage of the property for when the commercial properties are rented out on lease. In addition to that, a tripartite agreement/irrevocable power of attorney is also required

  • Online account management

    - Access your loan details anytime and anywhere via the customer portal

KYC documents

  • PAN Card (mandatory) and any one of the below documents:
  • Copy of Passport / Voters ID / Aadhaar card / Driver`s license
  • Each lender has ROI which depends on several factors

Proof of income

  • Copy of last 3 months salary slips
  • Copy of last 6 months bank statements - showing salary credits
  • Copy of latest Form-16 and IT returns

Property related documents

  • All charges communicated upfront at the time of loan processing. No hidden charges

Other documents required

  • Last 6 months Bank Statements showing repayment of any ongoing loans
  • Appointment letter or employment contract in case current employment is less than a year old
  • A photograph of all applicants/co-applicants.
  • For ongoing loans - Copy of last 6 months bank statements showing repayment of on-going loan

KYC documents

  • PAN Card (mandatory) and any one of the below documents:
  • Copy of Passport / Voters ID / Aadhaar card / Driver`s license
  • Each lender has ROI which depends on several factors

Proof of income

  • Copy of income tax return along with the computation of 2 financial years.
  • Balance sheet and profit & loss account (with schedules and audit report) – audited or CA certified
  • Copy of last 6 months current account statement of the business entity and savings account

Property related documents

  • Copy of complete chain documents of the property (as applicable)
  • Copy of approved plan (only if applicable)

Other documents required

  • Memorandum of Agreement (MOA) - for private limited companies
  • List of the shareholding pattern (duly CA/CS certified)
  • For ongoing loans - a copy of last 6 months bank statements showing repayment
  • Partnership deed - for partnership firms