Balance Transfer of Loan Against Property

Balance Transfer of Loan Against Property Overview

Your property builds value both emotionally and economically with time. Loan Against Property you can leverage the economic worth of your property while continuing to enjoy occupancy of the same, so that you get immediate finance to meet a variety of personal and business needs. With Loan Against Property you can raise funds for your business and personal use as and when required.

The term Loan Against property refers to a situation in which the borrower takes a loan from a bank or financial institution where the security for the loan is a property that is owned by the borrower. If you own a valuable asset in the form of house (self occupied, rented or vacant) or a commercial property you can go for a hi Loan against property is a multi-purpose loan with longer tenure and lesser rate of interest. It would like to leverage your property without giving it on rent or selling it?

Balance Transfer of Loan Against property refers to transferring of existing loan to a new lender for better rate and additional loan amount. Balance transfer of Loan Against Property happens when the entire unpaid principal loan amount is transferred to another bank for a lower rate of interest. The bank that had originally extended the loan to you gets the unpaid amount and you have to, in turn, now pay your EMIs at the new rate to the bank that has taken up the loan. Almost every bank in the country has a facility for a balance transfer of Loan Against Property and if you have been paying your EMIs regularly, there is often no problem associated with it.

There is, however, a considerable amount of work involved for balance transfer of Loan Against Property The bank where your loan will be transferred will do a credit background check and if they are not satisfied with your credit worthiness, there is every chance of your balance transfer of Loan Against Property being refused

Creative Finserve will help you with the best deal in balance transfer of Loan Against Property with our professional team and give you personalized solution to your requirement.

Balance Transfer of Loan Against Property + top up features & benefits

•  Our expertise to get u the right Banks / Institute to fulfill your requirement
•  Loan tenor up to 30yrs
•  Attractive Rate of Interest.
•  Part Payment Facility.
•  Additional top-up amount can be used as per your requirement.
•  Minimum/Hassle free Documentation.
•  Funds available for business expansion,working capital, child's education, home renovation..
•  Convenience of doorstep service.

Loan Against Property BT + TOP Process

There are several steps in the Loan Against Property BT + TOP process. Here are the steps in brief:

•  Application form & Document Submission
•  Cibil report check
•  Residence verfication
•  Office verfication
•  Eligibility calculation
•  Technical & Valuation
•  Personal Discussion
•  Credit decision
•  Offer Letter
•  Submission of Property documents & legal check
•  Registration of property documents
•  Signing of agreements and submitting post-dated cheque
•  payment to existing Bank
•  Agreement Collection From Existing bank
•  Disbursement ( top - up payorder )

Balance Transfer of Loan Against Property Eligibility

SELF EMPLOYED INDIVIDUAL

•  An Indian Resident
•  You should be in business for a minimum of 3 years.
•  You should be self employed Minimum 24 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.
•  You should have residence or office owned

SELF EMPLOYED PROFESSIONAL

•  An Indian Resident
•  You should be in business for a minimum of 3 years.
•  You should be self employed Minimum 24 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.
•  You should have residence or office owned

Salaried

•  You should have 3 years work Experience.
•  Your Minimum age should be 24
•  Your maximum age should be 58/60 at the time of closer of the loan.
•  You should have Minimum Rs 20000/- Net Salary

Contact Info :

Office No 35, Ground Floor,

Shiv Shambhu Chs (Seawoods), L.T. Road.

Borivali (West), Mumbai - 400092.

Telephone: 022 - 65662010 / 022 - 69000012 / 022 - 69000033

E-mail: info@cfplindia.com / cfpl@live.in