Loan Against Property in Chennai

star star star star_half star 3.5 / 5.04 users

Chennai is a major city in the South of India. Many residents here look forward to get funds by taking loan against property. Such loans are secured and are offered by multiple banks and NBFCs. However, it is not necessary for a person to visit a financial institution personally to get the funds. Rather, the person can apply for property loan in Chennai online at loanbaba.com, which allows one to compare, select and apply for loan against property (LAP) from top financial institutions in the country.

Why Take Loan against Property in Chennai?

As Chennai is a metropolitan city, people have several expenses to meet with rising costs of goods and services. Here are some of the features of property loan in Chennai.

  • People choose such kind of loan, because these carry lower interest rate than unsecured loans, and are easily approved by financial institutions.
  • Moreover, Chennai property loan has maximum tenure (up to 15 years), and flexible EMI offers, which makes it much more feasible.
  • One can apply for property loan in this city at loanbaba.com, and comply with the eligibility requirements related to submission of documents online and other necessities.
  • After loan approval, the amount is disbursed quickly to the borrower’s bank account.
  • Loan against property can be taken for several purposes, and there is no restriction as to how a person uses these funds.

Some banks or NBFCs may limit the use of funds from LAP, but there is still a wide-variety of purposes allowed, such as funding for expenses related to medical treatment, education, marriage,  business, purchase of a house, vehicle, and many other such aspects that require large amount of cash.

Best USPs of Property Loan in Chennai

  • Get loan amount up to Rs. 5 crores
  • Loan amount sanctioned is up to 70 percent of the property’s market value
  • Average income individuals can also apply for this loan
  • Different EMI and repayments options offered
  • Quick funds without added collateral other than the residential or commercial property owned by the applicant
  • Guarantor may not be needed
  • Funds can be used for multiple purposes

As a platform to connect with loan against property provider in Chennai, loanbaba assists you to compare top banks such as SBI, ICICI, Axis and more. You can get all information about mortgage loan schemes in Chennai and loan against property interest rates in Chennai.

Loan Against Property in Chennai Review


Loan Against Property
star star star star star 15.0/5
Recently the bank in XYZ approved ABC loan. They gave a good response and all terms and conditions were suited to my needs.
Chennai November 16, 2018
Loan Against Property
star star star star star 14.0/5
The entire documentation process was very less. It was a quick disbursement procedure.
Chennai November 15, 2018
Loan Against Property
star star star star star 13.0/5
This is first experience taking ABC loan in XYZ process was on time. The bank followed up as well properly. There were no issues in getting the amount.
Chennai November 14, 2018
Loan Against Property
star star star star star 12.0/5
I had applied for ABC loan in XYZ. It was perfect, but the turnaround time is something they can work upon.
Chennai November 14, 2018

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