Mortgage / Property Loan
Mortgage / Property Loan
At PFPL, We provide customized property loan tailored to your requirements. Whether you are salaried, self-employed or an SME, rest assured—we have a product for you.
Key Features
High Loan Amount:-Loan can be offered up to Rs. 5 lacs based on property’s Value and Income of applicant.
Flexible Repayment Terms:-Borrower can repay the loan between 36 Months to 84 Months, Choosing repayment tenure as per their comfort.
Multipurpose Use:-Fund can be utilized for House renovation or Business Expansion.
Easy Documentation and fast Approval
Attractive and affordable Interest Rate.
Own House Compulsory
Eligibility
The eligibility for a Loan Against Property depends on the valuation of collateral and your repayment capacity. Your repayment potential is assessed on factors such as your income, fixed obligations, and credit History.
Basic requirements that need to be fulfilled prior to application are:
- • You should be an Indian citizen in the age group of 21-55 years
- • Need 1 Co-Applicant (spouse, father or any Family Member).However, in case the property is owned by more than one person, all co-owners must be co-applicants for the loan.
- • Need at least one Guarantor.
Documents Required
- • Proof of Identity
- • Address Proof
- • Property Documents, including all documents required for the mortgage of the property
- • Bank Statement reflecting the borrower's financial transactions and stability
- • Security Cheques
- • Other specific documents as may be required based on individual requirements and policies.