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How to borrow Loan Against Freehold Property in Delhi NCR ?

May 15, 2022May 28, 2023 Santa Prof

Generally all Banks / HFCs / NBFCs are willing to provide Loan Against Freehold Property. This is because it is considered a safe investment. Not only the registration of freehold property is done but the expectation of an increase in its value is very high. What is Freehold Property ? Freehold Property is property that is “free from hold” of any entity other than the owner. Therefore, the owner of such property receives free ownership forever and is free to use the land for any purpose as per local regulations.…

How to borrow Loan Against Lal Dora Property in Delhi NCR ?

May 15, 2022May 28, 2023 Santa Prof

In view of the increasing demand for Loan Against Lal Dora Property, there are some HFCs or NBFCs which have started providing Mortgage Loan Against Lal Dora Property or Loan on Lal Dora Property with certain rules and conditions. What is Lal Dora Property / Area ? Lal Dora land is one of the most important and historic land pieces of Delhi-NCR. The term “Lal Dora” was first used in 1908 to denote a piece of land that was part of the village’s “Abadi / Population”. In those days, the…

How to borrow Loan Against Commercial Property in Delhi NCR ?

May 15, 2022May 28, 2023 Santa Prof

Mortgage Loan Against Commercial Property generally take over where business loans finish. It usually lasts from three to 15 years and you can usually find a 60-70% mortgage. This is a measure of loan-to-value ratio to see how much you are borrowing in relation to how much the property is worth. What is Mortgage Loan ? A mortgage loan is a type of secured loan where applicant can avail funds by providing his asset as collateral to the lender. A mortgage is usually a loan sanctioned against an immovable asset…

How to get Loan Against GPA Property or Mortgage Loan in Delhi NCR ?

May 15, 2022May 28, 2023 Santa Prof

A Mortgage Loan Against GPA Property is a type of Secured Loan where a applicant avail funds by providing his GPA Property as collateral to the Banks/HFCs/NBFCs. What is GPA ? GPA stands for General Power of Attorney. It is a legal instrument that is used by a person (Grantor) to confer Authority on the person (Grantee) to act on his behalf. GPA can be registered anywhere in the country and it does not necessarily have to be registered with the authority which has the jurisdiction on the property. Why…

How to get Commercial Property Purchase Loan in Delhi NCR ?

May 15, 2022May 28, 2023 Santa Prof

Commercial Property Purchase Loan is a type of Mortgage Loan that is secured through the mortgage of commercial property instead of residential property. As per the concept of loan on Commercial Property, Applicant can avail it to purchase any Commercial Property where his aim to run a business or to renovate it. What is Commercial Property Purchase Loan ? Commercial Property is a real estate that is used only for commercial purposes. So if someone operates their small business, retail store through an office or other space, they are operating…

How to borrow Home Loan on Leasehold Property in Delhi NCR ?

May 15, 2022May 28, 2023 Santa Prof

Taking a Housing Loan on Leasehold Property is not a very difficult task. Almost all Banks and HFCs offer Home Loan on Leasehold Property with specific terms and conditions (i.e. TM and PTM). What is a leasehold property ? Leasehold refers to a property tenure which gives you the right to remain in the property for a specified period of time. Here the buyer cannot own the property or the land on which it is situated. In leasehold land, the authority (usually, a government agency) remains the owner of the…

How to borrow Secured Business Loan in Delhi NCR ?

May 15, 2022May 28, 2023 Santa Prof

Secured Business Loan is a loan that requires a collateral. Collateral is assets that the lender uses to secure the repayment of the loan. If a company defaults on its loan, the lender has the right to forfeit the collateral to compensate for its loss. Examples of collateral include residential/commercial/industrial property or equipment etc. How to Secure a Business Loan ? To secure a business loan, it is offered to a business or personal asset that can be easily converted into cash. Following are some examples of assets that can…

How to borrow Loan Against Property or Mortgage Loan in Delhi NCR ?

May 15, 2022May 28, 2023 Santa Prof

A Loan Against Property is a secured loan in which the borrower mortgages his residential / commercial / industrial property to the lender and obtains the fund / loan. Generally, There is no restriction on the use of funds in loans on property. The borrower can use the loan for a variety of purposes such as Business Expansion, Medical Emergency, wedding, Further Education etc. Features of a Loan against Property A Loan against property is available to all Salaried, Professional, Business Owner and Registered Company. Funds received via a Loan…

How to borrow Home Loan on GPA Property in Delhi NCR ?

May 15, 2022May 28, 2023 Santa Prof

Home Loan on GPA Property is a Housing Loan in which some HFCs/NBFCs provide financial assistance with specific terms and conditions (i.e.- Subject to Sale Deed). What is GPA ? GPA stands for General Power of Attorney. It is a legal instrument that is used by a person (Grantor) to confer Authority on the person (Grantee) to act on his behalf. GPA can be registered anywhere in the country and it does not necessarily have to be registered with the authority which has the jurisdiction on the property. Why does a…

How to borrow Home Loan on Regularized Area Property in Delhi NCR ?

May 15, 2022May 28, 2023 Santa Prof

Banks generally do not make Home Loan on Regularized Area Property. However, there are some HFCs and NBFCs which provide Home Loan on Regularized Area Property with some special terms and conditions. What is Regularized Colony ? A regularized colony is one whose land use is changed by the government in a statutory manner. Since huge vote banks reside in unapproved or unauthorized colonies, unauthorized colonies are finally able to undergo regularization and take advantage of basic civic amenities such as water supply, sewerage etc. Once they become regularized they…