Loan against Property

Features

A Loan against Property from MOHAM capital enables you to do it all. MOHAM capital offers customised Property Loan to salaried and self-employed individuals.

High-value loans made affordable

MOHAM capital gives you access to a higher loan amount at affordable Loan against property interest rates. Salaried individuals get a high loan amount up to Rs.1 crore, while self-employed individuals can avail a loan of up to Rs.3.5 crore.

Hassle-Free Loan Disbursal

Simple loan against property eligibility criteria, minimal documentation and doorstep service makes the loan application process a hassle-free one. MOHAM capital offers the loan in just 4 days.

Flexible Tenure

Salaried individuals can select a tenure ranging from 2 to 20 years and repay the loan conveniently. Self-employed individuals can select a tenure of up to 18 years to repay the loan. You can part-prepay or prepay your loan anytime at minimal charges.

Easy Balance Transfer Facility

Transfer your existing loan using loan against property balance transfer facility to MOHAM capital with minimal documentation and quick processing and get a high-value top-up loan.

Flexi Dropline Feature

Borrow as you go and pay interest only on the amount utilised. Manage your finances effectively and pay interest-only EMIs.

Benefits

MOHAM capital brings Property Loan with attractive benefits which enable borrowers meet their high-end expenses with ease. Some of these benefits are as follows:

Lower EMIs

Opt for a long repayment tenure of up to 20 years which distributes the loan amount, and you get to pay lower EMI amount every month.

Fastest Loan Approval

Avail this fastest Mortgage Loan in India disbursed to your account within 4 days post approval.

Low-Interest Rates

Bajaj Finserv provides Loan against Property at low rates of interest, which makes repayment affordable.

Low To No Prepayment Charges

An individual availing MOHAM capital Property Loan at floating interest rates enjoys part-prepayment and foreclosure facilities at nil charges.
You can avail this loan by mortgaging a residential, commercial or industrial property. Usually, interest rates are the lowest when the funds are availed against a residential property.
Apply for the credit with a hassle-free application property loan procedure and submit minimal documents to avail the funds.

Documents Required for Loan against Property

Furnish the following essential documents after filling up the online application form to avail a Loan against Property from MOHAM capital. Get this fastest Property Loan approved within 48 hours of applying and receive the funds in your account within 4 days of approval.

A Salaried Employee Needs To Furnish The Following Documents
  1. Identity proof like PAN card, Aadhaar Card, Voter ID Card, Passport, or any other government ID.
  2. Address proof like Voter ID Card, Aadhaar Card, Passport, Utility bill, Ration Card, or any other address proof issued by the government.
  3. Salary slip – latest.
  4. Last 3 months’ bank account statement.
  5. Income Tax returns.
  6. Documents of property to be mortgaged.
A Self-Employed Individual Needs To Furnish The Following Documents:
  1. Voter ID card, Aadhaar Card, Passport, or any other government ID for Identity proof.
  2. Utility bill, Voter ID Card, Aadhaar Card, Passport, or any other address proof issued by the government.
  3. Last 6 months’ bank account statement.
  4. Documents of property to be mortgaged.

Submit these documents to enjoy hassle-free and fast loan approval from MOHAM capital.

Loan against Property FAQs
Benefits of Prepayment
  1. Reduces the outstanding principal.
  2. Lowers either the EMIs or the loan tenure.
  3. Frees you from debts quickly.

Contact MOHAM capital to understand Mortgage Loan meaning and how you can best benefit from it. Meet the Loan against Property eligibility and apply successfully.

Are Uninsured Properties accepted to Sanction Loan against Property?

When taking a Loan against Property, it is essential to insure the property being mortgaged. The insurance cover should cover damages caused by fire and such calamities and must be valid during the loan tenure.
Every borrower has to submit a proof of the insurance policy annually or when needed. The reason why you need Mortgage Loan insurance policy is the approval of your application. You can also enjoy the benefit of loan mortgage insurance tax deductible.
Understand everything about what is Loan against Property or what is LAP carefully before applying. The procedure of how to use a Property Loan is made online for your convenience.

Different Types of Loan against Property

MOHAM capital to offers customized  Loan against property to help you appropriately meet various high-ticket purchases. Apply for a loan amount as per your eligibility and get affordable Loan against property interest rates along with other attractive benefits such as fastest loan disbursal in just 4 days, flexi loan facility and more.
MOHAM capital brings various Mortgage Loan types tailor-made to fulfil specific financial purposes unique to each borrower. Avail the most appropriate loan variant to cover a range of expenses.

Loan against Residential/Commercial Property.

You can take a secured loan against residential or commercial property to fund any form of monetary requirement. Borrowers mortgage the property as collateral to avail loan amounts based on its present market value.

Loan against Property for Self-Employed

Self-employed individuals can avail higher amounts up to Rs. 3.5 crore with Loan against Property for self-employed. To apply, all you need to do is meet the simple Loan against Property eligibility criteria to apply and fill in a mortgage application form or check your pre-approved offer.

Loan against Property for Salaried Employees

Salaried employees can opt for up to Rs. 1 crore at a competitive rate of interest and use the funds to meet diverse expenses. The Loan Against Property eligibility criteria mandates applicants to be between the ages of 33 and 58 years, be a resident India citizen, and a salaried employee of any public or private institute or an MNC.

Loan against Property for Home Renovation

From installing the latest lighting systems or false ceiling to having modern tiles, floors bathroom fittings and kitchen cabinets, you can use a MOHAM capital Loan against Property for Home Renovation to remodel your home and give it an all-new look.

Loan against Property Documents Required
For salaried
  1. Latest Salary Slips
  2. Bank account statements of the previous 3 month
  3. PAN Card/Aadhaar Card
  4. Copy of the documents of the property to be mortgaged
  5. IT Returns
For self-employed
  1. Bank account statements of the previous 6 months
  2. PAN Card/Aadhaar Card
  3. Address Proof
  4. Copy of the documents of the property to be mortgaged
Loan against Property Eligibility Criteria
For salaried

You can easily avail the fastest Loan against Property from MOHAM capital if you meet the following criteria:

  1. You should be between 25 to 58 years of age.
  2. You should be a salaried employee in an MNC, a private company or the public sector.
  3. You should be a resident of India.
For self-employed

You are eligible for a Loan against Property for Self Employed with quick loan disbursal within 4 days if you meet the following criteria:

  1. You should be between 25 to 70 years of age.
  2. You should be a self-employed individual with a regular source of income.
  3. You should be a resident of India residing in the following cities.

 Meet the below-mentioned basic eligibility criteria to avail a Loan against Property from MOHAM capital.

Eligibility Criteria Salaried Individual Self-Employed Individual
Age of the borrower should be between 25 and 58 years 25 and 70 years
Residential status Need to be a resident of India

Need to be a resident of India living in one of the following cities.

Delhi, Mumbai, Kolkata, Hyderabad, Ahmedabad, Thane Pune, Bangalore, Chennai, Udaipur, Vizag, Surat, Cochin, Aurangabad, Indore.

Employment status Should be a salaried individual employed in a public sector company, private company, or an MNC Should be a self-employed person having a regular source of income
Maximum loan tenor available Flexible between 2 to 20 years Flexible up to 18 years
Eligible for a maximum loan amount of Up to Rs.1 Crore Up to Rs.3.5 Crore

An applicant must also have the necessary property documents along with proof of regular income. Once you meet the eligibility criteria, apply for Loan against Property from MOHAM capital with necessary documents to get quick approval within 48 hours.

Loan against Property Eligibility Criteria FAQs