Explore Your Options
awas loan against property
Aavas Financiers, also known as Aavas, is a Jaipur-based housing finance company known for providing home loans in the rural and semi-urban locations of India.
Powered By
awas loan against property
Apply Now
awas loan against propertyHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 600+ & Minus 1 CIBIL Score |
| Applicant | Any Salaried or Self Employed Person |
| Applicant Age | Salaried-21
Year to 65 Year Self Employed-21 Year to 75 Year |
| Loan Amount & Tenure | 25
Lac to 2Cr (5 Year to 15 Year) |
| Login Fees | 3000+ |
| Rate of Interest & Type | 12.50% to 17% (Reducing) |
| TAT | Sanction-10
Days Disbursement-within 3 days after submission of documents |
| Processing Fees | 1.50%-3% |
| Foreclosure Charges | Insurance Charges:2%-4% |
| Insurance | 1%-4% |
| Minimum Business Vintage | 1 Year |
| Lock In Period | 12 Month |
| Part Payment Allowed | Yes |
| LTV | (i) Residential-70% (ii) Commercial-60%(iii) Industrial Property-55% |
| Product | (i) Fresh Loan (ii) BT+Top UP (iii) Seller BT |
| Program | (i) Income Program-2 Cr ((ii) LIP Program- 1 Cr (iii) Banking-1 Cr (iv) Without ITR-30 Lac |
| FOIR | 1.
Salaried Person- If Salary>50k Lac-70% of Salary, If monthly
Salary<50K-60% of Salary 2. Self Employed-100% of Income |
| Cautious Profile | No Cautious Profile |
| Negative Profile | (i) Applicant living in dominated area (ii) Politician (iii) NRI (iv) Cash Salary |
| Funded Property | (i) Residential Property (ii) Commecial Property (iii) Industrial Property (iv) Khasra-Khatauni Property (v) Lal Dora Property (vi) Gram Panchayat Property (vii) Legal & technical not clear (viii) Basement with 1st Floor (ix) Sub-divided Property (x) Without MAP Property (xi) Subject to Sale Deed (xii) Regularized Colony (xiii) Stone Slab Property (xiv)Ground+4th Floor (xv) Multi Tenanted Unit upto 10 Tanent (xvi) Godown & Warehouse |
| Negative Property | (i)
GPA Property (ii) Auction Property (iii) School (iv) Hospital & Nursing
Home (v) Hotel & Restaurent (vi) Lease Hold Property without PTM (vii) Applicant living in dominated Area (viii) Plot |
| Accepted Collateral | Other than negative property |
| Specific Property wise Funding Limit | On all Property upto 2 Cr |
| Any Specific Product for Professionals | No |
| USP | Without Financial Upto 30 Lac |
awas loan against property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 12 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,885 |
| Total Interest | ₹ 6,619 |
| Loan Amount + Interest | ₹ 106,619 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,892 | ₹ 2,763 | ₹ 26,655 | ₹ 76,108 | 23.89 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,109 | ₹ 3,856 | ₹ 79,965 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Aavas Loan Against Property
Salaried income documents
-
KYC of applicant & Co-Applicant
-
Last 3 Month Salary Slip of Applicant
-
Last 12 month Bank Statement of applicant & co-applicant
-
Last 3 year ITR with computation of income of applicant & co-applicant
-
Last 2 Year Form 16 of applicant
-
26AS of last 2 year of applicant & co-applicant
-
Appointment letter of applicant if available
-
Agreement to Sale if purchase case
-
Property Paper with complete chain of last 13 years
-
LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
-
Sanction letter of all running loan
-
Latest utility Bill if owned residence or rent agreement if rented
-
2 Reference with contact details
Self Employed person documents
-
KYC of applicant & Co-Applicant
-
Last 3 year ITR with computation of income of applicant & co-applicant
-
Last 3 year audited balance sheet of applicant
-
Last 3 year Tax audit report of applicant
-
Last 12 month Bank Statement of applicant & co-applicant
-
26AS of last 2 year of applicant & co-applicant
-
Copy of GST registration
-
Copy of MSME registration
-
Copy of Last 12 month GST return
-
Agreement to Sale if purchase case
-
Property Paper with complete chain of last 13 years
-
LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
-
Sanction letter of all running loan
-
Debt Sheet
-
Latest utility Bill of residence if owned or rent agreement if rented
-
Latest utility Bill of Office if owned or rent agreement if rented
-
2 Reference with contact details
-
Last 3 year Debtors & Creditors on letter head
-
List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
About Awas Bank Home Loan
Want money? Utilize your property to meet your requirements and aspirations in terms of money! Awas Loan Against Property would be the one-stop solution for your immediate needs.
One of the best ways to secure a loan for all of your financial emergencies is through a loan against property. One of the quickest ways to get a quick loan to meet your urgent financial demands is to apply for a loan against property. In case you need money for further education, a wedding, or any medical expenditures, a loan against property is an effective solution.
Key highlights of Aavas Loan Against Property
When you feel like you are going into debt and unable to support your family financially, you should always prefer taking loans. With the help of loans, you can get your day-to-day lives back on track; especially these days, applying for and getting loans against your property is straightforward. And if we look into the current market, one of the lowest interest rates is offered by Aavas Loan Against Property. Below are some of the essential details about the same.
Features & benefits
-
Lowest and most attractive interest rates
-
Lowest and most attractive interest rates
-
Continuous ownership of the property will still be there
-
You can use the loan amount for marriage, medical emergency, or any other personal use
-
Loan services at your convenience
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
Loan against property can be considered as another word for a mortgage loan that salaried and self-employed individuals can avail to meet their business or personal requirements.
Only self-occupied residential properties can be used as Aavas loans against property.
The maximum amount would be at least 55% of the market value of your property.
Conversion of interest rates also fluctuates your monthly EMIs.
Your spouse or any other immediate family member can be your co-applicant in your Aavas Loan Against Property.
ReferLoan is a Marketplace which connect Financial institutes with prospective users through its integrated approach. ReferLoan helps users to increase their CIBIL Score and finding the best Financial Products from the available Financial Institutions. ReferLoan is the only Market Place which helps the users to explore the opportunities in Debt as well as in Equity.
Copyright 2023 © Referloan.in.