Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

The quaint city of Nashik, situated in Maharashtra, India, boasts a rich blend of history, spirituality, and breathtaking landscapes. This charming destination is best known for its spectacular gathering, the Kumbh Mela, which takes place every 12 years on the banks of the Godavari River, attracting millions of devoted Hindus. But that's not all - Nashik also boasts ancient treasures, such as the Trimbakeshwar Temple dedicated to Lord Shiva and the Pandavleni Caves, featuring intricate rock architecture. In addition, the city has earned recognition as India's wine hub, offering tasteful wine tastings and picturesque countryside tours.

If you are looking for a reliable and convenient way to fulfil your financial needs in Nashik, a loan against property (LAP) can be helpful. Read on to learn more about the benefits, eligibility criteria, documents required, and more to simplify your LAP application process.

Features And Benefits Of Loan Against Property In Nashik

With SMFG India Credit, you can enjoy a variety of benefits while applying for a Loan Against Property in Nashik:

Efficient & Transparent Process:

Our mortgage services ensure swift and transparent processing, with expert guidance available via phone or email for optimal loan choices and competitive rates.

Tailored Solutions:

Various loan-against-property options cater to individual needs across different life stages, ensuring a personalized fit.

Smooth Documentation & Quick Disbursal:

Our seamless online application process guarantees a hassle-free journey from application to receiving funds.

High Loan Limits:

Obtain loans up to 5 crores* (70% of the property's market value) for business or personal needs, leveraging our mortgage products.

Competitive Interest Rates:

Benefit from the best interest rates in the market and flexible repayment tenures tailored to your financial requirements.

High Loan-to-Value (LTV):

Avail the best value against your residential or commercial properties to efficiently fulfil different business or personal needs.

Eligibility Criteria For Loan Against Property In Nashik

Fulfilling specific eligibility criteria is crucial to qualifying for a Loan Against Property in Nashik.

Factor

Salaried

Self-employed

SME

Age

Between 21 and 60 years.

Between 25 and 65 years.

At least 2 years old.

Nature of work

Working for a multinational corporation, a private enterprise, or the government.

Independent contractor with a reliable source of income.

Geography

Indian citizens are eligible to apply.

Indian citizens are eligible to apply.

Indian SME

CIBIL score

700+

700+

Steady source of profits over the past two years, audited by a CA.

Documents Required To Apply For A Loan Against Property In Nashik

Here is a list of essential paperwork required for applying for a loan against property in Nashik:

Salaried

Self-employed

SME

Income tax returns for the latest 2 years

Income tax returns for the latest 2 years

Proof of identity (Passport, Voter ID, PAN Card, Driver’s Licence)

Proof of identity (Passport, Voter ID, PAN Card, Driver’s Licence)

Proof of identity (Passport, Voter ID, PAN Card, Driver’s Licence)

Form 16

Form 16

Form 16

Bank statements for the last 6 months and income statements

Bank statements for the last 6 months and salary slips

Bank statements for the last 6 months

ITR for the last two years with a summary of audited income.

Documentation pertaining to the property offered as collateral

Documentation pertaining to the property offered as collateral

Documentation pertaining to the property offered as collateral

Interest Rates On Loan Against Property in Nashik

It is important to understand the factors determining the best interest rate when taking a loan against property. Factors such as the type of LAP, your income, employment status, and any financial commitments can all play a role in determining your interest rate.

Aspect

Details

Loan Amount

Up to INR 5 crore*

Loan Tenure

Up to 180 months*

Lowest EMI Per Month

It starts at INR 5,071 for a 180-month period

Cheque Dishonoured Charges

INR 300

Proceeding Fees

Up to 3% of the Loan Amount

Customer Type

Salaried / Self-Employed / SMEs

Delayed EMI Payment Interest

24% per annum on outstanding balances overdue, calculated on a day-to-day basis.

How To Apply For A Loan Against Property In Nashik?

Here's a quick guide to simplifying your LAP application process:

Step 1: Go to the official portal and click the "Apply Now" button.

Step 2: Choose the "Loan Against Property" option compatible with your employment status: salaried, self-employed, or SME.

Step 3: Start completing the online form after providing your contact details and verifying the received OTP.

Step 4: Add personal details as requested in the form and proceed to the next step by clicking "Next."

Step 5: After this, add details pertaining to your employment status.

Step 6: Provide your banking details as requested. Remember to ensure accuracy at all times.

Step 7: Now, upload digital copies of essential documents in the prescribed format (PDF/JPEG/PNG/DOC). Click "Submit" to finalize your application.

Step 8: You will receive an instant notification after submitting your application form and documents.

Step 9: A customer care executive will follow up to gather additional information during the application process and assist you.

Please be aware that the listed steps are general guidelines. Depending on your employment type, the loan type, and our current policies, additional documents may be requested for your loan against your property application.

Conclusion:

We understand that financial needs can be overwhelming. That's why we at SMFG India Credit are here to help you explore the hidden financial potential of your property. Our team of experts provides easy and efficient assistance to help you secure a hassle-free loan against property. We want to make sure that you take advantage of the opportunity to leverage the value of your real estate holdings. At SMFG India Credit, we're committed to helping you achieve your financial goals through personalised solutions that work best for you. So, get in touch with us now and let us help you unlock the true potential of your property to achieve your goals.

Apply for Loan Against Property

FAQs

How is my loan against property in Nashik eligibility calculated?

Several factors, such as the LAP type, income, credit score, employment history, property valuation, and debt-to-income history, are used by lending institutions to determine your eligibility for a loan against property.

What are the advantages of applying for an online loan against property in Nashik?

Applying online for a loan against property in Nashik offers you several benefits, such as:

  • Convenience of applying.
  • The loan amount can be as high as 70%* of the property value.
  • It saves your precious time.
  • 24/7 accessibility.
  • Paperless application process.
  • Prompt approvals.
  • Flexibility in repayment tenure.
  • Transparency.
  • Confidentiality.
  • Secure transactions.
  • Efficient customer support.

How to get a lower interest rate on my loan against property in Nashik?

You can use these tips to ensure the availability of a personal loan at low-interest rates:

  • Ensure you have a good credit score. A CIBIL score of 700+ is desirable.
  • Maintain responsible credit behaviour.
  • Remember to clear all outstanding debts.
  • See if you have a low loan-to-value ratio to demonstrate low risk to the lenders.
  • Select a comfortable loan amount and tenure, and don’t stress your finances.

Contact Us

Branch Address 1

Ground & First Floor, Shiv Krupa Bunglow, Plot No:-11, Sr 892/2/1/1B, Chetana Nagar, Ravikiran Colony, Near Das Maruti Hanuman Mandir, Behind NMC Garden Besides Janak Apartments, Nashik, Maharashtra - 422 009

Branch Address 2

First Floor, Madhumangal Apts, Near SBI, Gangapur Road, Prasad Circle, S.T. Colony, Nashik 422005, Maharashtra.

Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:00 AM to 7:00 PM (except Sundays and public holidays).

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