Secure your Financial Aspirations with a ₹2 Cr Loan Against Property!
Availing of 2 Cr Loan Against Property can help you deal with any financial crisis, especially when you are low on savings. You can leverage your Property to secure a higher loan amount up to 2 Cr. The loan amount can be used for various financial obligations such as expanding your business, financial your child's education or managing your other expenses. Loan Against Property provides you with the required financial flexibility that you always needed.
EMI Calculator for ₹2 Cr Loan Against Property
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Interest Rate & Charges for ₹2 Cr Loan Against Property
Avail of a Loan Against Property at 9% p.a. onwards rate of interest. To understand rates and other charges, refer the below given table:
| Loan Against Property Interest Rates | 9% p.a. Onwards |
| Loan Amount | From ₹51 Lakhs to ₹5 Cr |
| Loan Processing Fees | Up to 1% Plus applicable taxes |
| Lowest EMI per month | 1044* Per Lakh for 180 Months |
| Maximum Tenure | 3-15 years (12 years for Industrial/Warehouse). |
| Foreclosure/Prepayment Charges | 0%* If paid from own sources & 4%* If paid from other sources |
| Late Payment Charges | 3% per month |
| Cheque Bounce Charges | ₹1000 per bounce plus applicable taxes |
| IMD Charges - Initial application fee | ₹10,000 - Non-Refundable |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
₹2 Cr Loan Against Property EMI for up to 15 Years
EMI is a key factor that directly influences your finances, especially when you opt for a higher loan amount. For Loan Against Property, the borrower can extend up to 15 years, allowing borrowers to select a repayment plan that suits their financial capabilities. Opting for longer loan terms often results in lower EMIs, which can simplify the management of your monthly budget. Calculating your EMI is crucial to ensure that it comfortably fits into your financial plan. To plan your EMI for Loan Against Property, you can use our LAP EMI calculator.
Required Eligibility Criteria & Documents for ₹2 Cr Loan Against Property
Before applying for a 2 crore Loan Against Property, meeting specific eligibility criteria and gathering the necessary documents is crucial. Here's a concise overview:
Eligibility Criteria:
Age
Property Ownership
Property Type
Income
Credit Score
- Age: Applicants typically need to be between 18 to 60 years old.
- Property Ownership: You must be the legal owner of the Property used as collateral.
- Property Type: The Property should be residential or commercial with a clear title.
- Income: Lenders assess your income to ensure you can repay the loan.
- Credit Score: A good credit score can improve your approval chances.
Required Documents:
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Property Documents
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Income Proof
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KYC Documents
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Bank Statement
- Property Documents: Proof of property ownership, such as title deeds, property tax receipts, and building plan approvals.
- Income Proof: Salary slips, income tax returns, and other documents that demonstrate your financial stability.
- KYC Documents: PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport, and other identity proof documents.
- Bank Statements: Statements from your bank accounts show your financial transactions and history.
Benefits of ₹2 Cr Loan Against Property
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Higher Loan Amount
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Favourable Interest Rates
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Flexible Repayment Options
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Use for Multiple Purposes
- Higher Loan Amount: You can access a substantial loan based on your Property's value.
- Favourable Interest Rates: Enjoy affordable interest rates compared to personal loans or credit cards.
- Flexible Repayment Options: Choose a repayment duration of up to 15 years, resulting in manageable EMIs.
- Use for Multiple Purposes: Utilize the funds for diverse needs like business expansion, education, medical expenses, or debt consolidation.
Apply for ₹2 Cr Loan Against Property within 5 Minutes
Apply
Online
Apply Online
Click on ‘Apply Now’ and enter your contact details along with loan amount, tenure, and property type.
Enter
Property
Details
Enter Property Details
Enter your DOB and property ownership details.
Enter
Occupation
Details
Enter Occupation Details
Enter your occupation and employment details.
Verification
Verification
The application will then proceed for verification and assessment.
FAQ's About 2 Crore Loan Against Property
*Terms & Conditions Apply
