Loan Against property
If you don’t have a perfect credit score or the time to wait for a mortgage loan to process, a bank might not be your best option but we are.BFPL provides easy Mortgage Loan on any residential, commercial or alternate property so that you can fund your dreams and turn them into reality.
What is Mortgage Loan?
It is a loan offered to individuals /firms/companies based on their existing property. Typically the purpose of the loan is – Business expansion, Debt consolidation etc. Mortgage Loan helps you unlock the hidden equity in your property holdings. You can borrow money using property as a collateral and repay in EMIs over time. This allows you to hold on to your property and at the same time, raise funds.
For what purpose can I take Mortgage Loan?
A Mortgage Loan from Bhala Finance Pvt Ltd. is a versatile product that can be utilised to fulfil many needs. You can take a loan against property for these purposes:
Business requirements
Debt consolidation
Mortgage buyout or balance transfer of existing Loan
Personal requirements
Business requirements
Debt consolidation
Mortgage buyout or balance transfer of existing Loan
Personal requirements
Will I be required to provide collateral for Mortgage Loan?
In order to secure a Mortgage Loan, the collateral will be the property in question. You will have to deposit the title deeds or other relevant documents with Bhala Finance Pvt Ltd. It is a requirement that the deed of the property be free of any encumbrances such as existing mortgages, Loan or pending litigation.
I have a question regarding something that is not listed here, what should I do?
We will be glad to help you with any questions regarding the Mortgage Loan from Bhala Finance Pvt. Ltd. Please feel free to contact our customer representative at 01412371137 or email us at info@bhalafinance.com.
Documents Required
In order for us to process your application, we require a number of documents. Some documents must be mandatorily provided as per the Reserve Bank of India (RBI) guidelines.
The Mortgage Loan documents required is as follows:
- Identity proof
- Address proof
- Income proof
- Proof of educational qualifications (where applicable)
- Income tax returns, Balance Sheet and Profit and Loss Account Statement for past 2 years.
- Age proof
- Employment details
- Bank statements
- Details about the property that is to be mortgaged
- Bank Statements for the past 6 months
*Requirement of Mortgage Loan documents might vary from case to case.
EMI CALCULATOR
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