Loan Against Property in Noida

Are you located in Noida and are looking for funds to finance big-ticket expenses? Property owners can rejoice since the hidden value of your property can help you avail of the funds required to give wings to your dreams.

Why Should I Opt for Loan Against Property in Noida

We at SMFG India Credit are glad to partner with you in helping you achieve your dreams. We haven’t laid down barriers on the reasons for which the funds can be used with the exception that the funds cannot be used for any illegitimate purpose. If you are a salaried, self-employed professional or SME considering a loan to finance your expenses, this is why a loan against property in Noida might be an ideal option:

• Pledge Commercial/Residential Properties: Obtain finance of up to 5 crores or up to 65%* of the market value of your residential/commercial property and finance your requirements. 
• Easy Approval: We have simplified the loan application process for the convenience of our customers.  You can apply online, and our customer service representatives will get in touch with you to understand your requirements.
• Reasonable Rates of Interest: Avail of loans against property at reasonable interest rates.
• Customised Solutions and Convenient Repayment Tenure: We customise our loan products to cater to different requirements that may arise at different stages of your life. We offer flexible repayment tenures ranging between 12 - 180 months so that you can choose an EMI which best fits within your budget. 

Eligibility Criteria for Loan Against Property in Noida

Our basic eligibility criteria are simple and straightforward to ensure a smooth customer experience. The basic criteria are as described below:

• Salaried Professionals: For Salaried professionals aged between 21 to 60 years of age employed in public, private companies or employees of Multinational Companies and are resident citizens of India are eligible to apply. The applicants should possess a CIBIL score of 700 or above to be able to apply for a loan against property in Noida.
• Self-Employed Professionals: For professionals between the age of 25 to 65 years, with a regular stream of income and a credit score of 700 and above who are resident citizens of India are eligible to apply.
• SME’s: Indian SMEs that are at least two years old and making a steady stream of profit over at least two years, audited by a Chartered Accountant are eligible to apply.

Please note that other factors such as the nature and value of your property, your monthly income, existing obligations, credit history and other factors including SMFG India Credit’s policy at the time of loan approval will also be considered to determine mortgage loan eligibility. In case of multiple applicants, the same criteria for all applicants will be considered.

Documents Required for Loan Against Property in Noida

Here are some of the documents required to apply for a Loan Against Property: 

Please note that in case of co-applicants, basic documents such as PAN, KYC documents, etc., will also be required. 

The above list is indicative. Depending on the specific loan product, your profile, and our policy at the time of loan application, additional documents may be requested.

Note:

• Original identity, address, and supporting documents must be available for in-person verification. This may not apply if you are completing digital KYC.
• If your submitted address proof does not reflect your current address, one of the Deemed OVDs may be accepted. Click here to check the list.
• An OVD displaying the correct address must be submitted within three months of providing the initial address proof.

Interest Rates On Loan Against Property in Noida

The interest charged on a loan against property depends on several factors. These include:

The interest rates on mortgage loans offered to borrowers by SMFG India Credit depend on a number of factors, including SMFG India Credit’s policy at the time of loan application. To know more, please visit our loan against property interest rates page.

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