Loans Against Property Overdraft Providers in Visakhapatnam

Top List of Loans Against Property Overdraft in Visakhapatnam as on Oct 04, 2024

Sri Sai Teja Home Deals

Dondaparthy, Visakhapatnam, 530016

5.0/5 Based on 5 Reviews

+07569002704

+10 more

Response Time: Within 15 MinsSulekha score: 8

Sri Sai Teja Home Deals, located in Dondaparthy, Visakhapatnam, is a reputable finance company offering a wide range of financial services. Established in 2000, the company is led by A. Srinivasa Rao and specializes in providing home loans, mortgage loans, business loans, personal loans, and plot loans. They are committed to helping individuals and businesses achieve their financial goals with customized loan options tailored to various needs. Whether you are looking to purchase a home, refinance, or obtain funding for your business, Sri Sai Teja Home Deals strives to make the process efficient and transparent

Available Loan Types:

Offering 10+ different types of loans

Loan Amount Range:

From ₹10 Lakhs to ₹1 Crore and above
Depending on the type of loan

Satish p from Visakhapatnam

"Very good and exlent service Very good knowledge persons "

Bharatgi from Visakhapatnam

"Good service, well known persons, genuine work "

Chat

Enquire Now

SV Fin Serv

Akkayyapalem, Visakhapatnam, 530016

+09021118433

Loans Business Loans CC Limit Loans

+13 more

Response Time: Within 15 MinsSulekha score: 4.9

SV Fin Serv, located in Akkayyapalem, Visakhapatnam, is a reputable financial service provider offering a wide range of loan options tailored to meet diverse needs. They specialize in various types of loans, including personal, home, business, and vehicle loans, providing flexible financing solutions for individuals and businesses. With a customer-centric approach, SV Fin Serv ensures hassle-free processing and quick disbursement of loans. Their services are marked by transparency, competitive interest rates, and personalized financial advice to help clients make informed decisions. They have built a strong reputation in the region for their reliability and commitment to customer satisfaction?

Available Loan Types:

Offering 20+ different types of loans

Loan Amount Range:

From less than ₹1 Lakhs to ₹1 Crore and above
Depending on the type of loan

Chat

Enquire Now

Global Indo Financial Services

Sector 52, Chandigarh, 160059

( Also serves in Visakhapatnam )

4.6/5 Based on 9 Reviews

+09021122700

Loans Business Loans CC Limit Loans

+6 more

Response Time: Within 15 MinsSulekha score: 7

Global Indo Financial Services, located in Sector 52, Chandigarh, offers a range of financial services including personal loans, home loans, business loans, and loans against property. The firm is known for providing customized solutions to meet individual financial needs. With a focus on quick processing and transparent terms, they cater to clients across Chandigarh. Their team of experts is dedicated to ensuring a seamless loan application experience. They are highly rated by users for their professional approach and customer satisfaction?

Available Loan Types:

Offering 8 different types of loans

Loan Amount Range:

From ₹1 Lakhs to ₹1 Crore
Depending on the type of loan

Arun from Chandigarh

"Trustable company I applied loan last few day's ago nd maximum he will take 7/10 days for disbursement loan amount without any extra charges I received my amount yesterday in bank account. "

Guest from Chandigarh

"Most trusted company "

Chat

Enquire Now

Gourav Enterprises

Model Town, Sonipat, 134003 ( Also serves in Visakhapatnam )

+08035426822

Loans Business Loans CC Limit Loans

+11 more

Response Time: More than 60 MinsSulekha score: 6.5

Welcome to Gourav Enterprises, your one-stop destination for all your loan needs. We are a trusted and reliable company that has been serving our customers since our establishment in Model Town. Our team of experts is dedicated to providing you with the best loan solutions for your home, mortgage, unsecured, personal, private finance, and business needs. With a variety of options ranging from 2 to 15 lakhs, we cater to all your financial requirem ... less

Chat

Enquire Now

Shri Vinayak Enterprises

Vaishali Nagar, Jaipur, 302021

( Also serves in Visakhapatnam )

Loans Business Loans CC Limit Loans

+12 more

Sulekha score: 7.8Working hours: 10 PM to 7 PM

less

Enquire Now

Punith

Laggere, Bangalore, 560078 ( Also serves in Visakhapatnam )

Loans Business Loans CC Limit Loans

+13 more

Sulekha score: 7.1Working hours: 10 AM to 6 PM

less

Enquire Now

Sagar Enterprises

Malviya Nagar, Delhi, 110017 ( Also serves in Visakhapatnam )

1.0/5 Based on 1 Reviews

Loans Business Loans Car Loans

+19 more

Sulekha score: 6.6Working hours: 10 AM to 5 PM

less

Enquire Now

Instant Finanace

Ganjem, Goa, 110025 ( Also serves in Visakhapatnam )

3.4/5 Based on 5 Reviews

Loans Business Loans CC Limit Loans

+6 more

Sulekha score: 5.6Working hours: 10 AM to 6 PM

less

Praveenkumar B V from Goa

" Communication 5/5 responsiveness 5/5 good price 5/5 ontime services 5/5 Service Quality 5/5"

Enquire Now

Sri Balaji Associates

Begumpet, Hyderabad, 500016

( Also serves in Visakhapatnam )

4.9/5 Based on 7 Reviews

Loans Business Loans CC Limit Loans

+10 more

Sulekha score: 7.5Working hours: 09:00 am to 05:00 pm

Sri Balaji Associates, located in Begumpet, Hyderabad, is a well-established partnership firm founded in December 2007. The firm primarily operates in the financial services sector, focusing on various loan services including home loans, business loans, mortgage loans, and personal loans. Their office is situated at Mehar Manjil, Dwarakapuri Colony, Punjagutta, Hyderabad. Classified as a micro-enterprise under MSME, Sri Balaji Associates has been serving the community for over 16 years, offering customized financial solutions to meet the diverse needs of its clients. The firm is known for its reliable services in the financial domain and maintains a strong presence in the local market.

Available Loan Types:

Offering 12 different types of loans

Loan Amount Range:

From ₹10 Lakhs to ₹1 Crore
Depending on the type of loan

arunprasad from Hyderabad

"Personal loqn"

Enquire Now

Arti Financial Services

Delhi Cantt, Delhi, 110010

( Also serves in Visakhapatnam )

+08048092183

Loans Business Loans CC Limit Loans

+5 more

Sulekha score: 7.5Years of Experience: 8

Arti Financial Services, located in Delhi Cantt, Delhi, specializes in providing a wide range of financial services, including business loans, personal loans, and private finance loans. With over eight years of experience, they are known for their prompt response time, often within 15 minutes, ensuring quick and efficient service to their clients. They cater to both individuals and businesses, offering tailored financial solutions to meet diverse needs. Whether you are looking for secured or unsecured loans, Arti Financial Services provides flexible terms and competitive rates to help manage financial requirements effectively

Available Loan Types:

Offering 2 different types of loans

Loan Amount Range:

From ₹1 Lakhs to ₹1 Crore and above
Depending on the type of loan

Chat

Enquire Now

Why Choose Sulekha?

Sulekha is your go-to platform for finding a wide variety of loan providers catering to diverse financial needs such as personal loans, Loans Against Property Overdraft, home loans, vehicle loans, mortgage loans, education loans, and more. With Sulekha, you gain access to a comprehensive network of reputable lenders, ensuring you find the perfect match for your specific requirements. The platform simplifies your search process, saving you time and effort by connecting you with trusted professionals who can offer tailored loan solutions. Choose Sulekha for a seamless and efficient loan-seeking experience.

1. When to Consider Taking Out a Loan Against Property Overdraft

Large Financial Requirements: When facing significant expenses like business expansion, higher education, medical emergencies, or weddings, a loan against property overdraft provides access to substantial funds.
Flexibility in Borrowing: This option allows you to withdraw varying amounts as needed and pay interest only on the utilized portion, offering greater financial control.
Lower Interest Rates: Loans against property typically have lower interest rates compared to unsecured loans like personal loans or credit cards, making them a cost-effective borrowing solution.
Long-Term Financing Needs: Suitable for long-term financial needs, these loans offer extended repayment periods, reducing the pressure of high monthly payments.
Cash Flow Management: For businesses, the ability to borrow and repay as needed helps manage cash flow efficiently, ensuring liquidity during fluctuating income periods.

2. Eligibility Criteria for Loans Against Property Overdraft

Ownership of Property: You need to own a residential or commercial property to pledge as collateral, ensuring the lender has security against the loan.
Age: Borrowers typically need to be between 21 and 65 years old, aligning with common working age and retirement considerations.
Income Stability: Demonstrating stable income, whether salaried or self-employed, assures the lender of your repayment ability, thus reducing their risk.
Credit Score: A good credit score, usually above 650-700, indicates creditworthiness and increases the likelihood of loan approval on favorable terms.
Property Valuation: The property must be free from encumbrances and have a clear title. The loan amount is often determined by the property's market value.
Employment Stability: For salaried individuals, a consistent work history of 2-3 years is required, while self-employed individuals need a steady business track record, typically 3-5 years.

3. Benefits and Advantages of a Loan Against Property Overdraft

High Loan Amount: These loans provide significant funding based on the property’s value, making them ideal for substantial financial needs.
Lower Interest Rates: The collateral nature of these loans often results in lower interest rates compared to unsecured borrowing options.
Flexible Repayment: Borrowers can withdraw and repay funds as needed within the sanctioned limit, offering flexibility in managing finances.
Interest on Used Amount: Interest is charged only on the amount you utilize, not on the entire overdraft limit, potentially reducing interest costs.
Longer Tenure: These loans come with extended repayment periods up to 15-20 years, easing the burden of large monthly installments.
Multiple End-Uses: The funds can be used for various purposes, including business expansion, education, and medical expenses, providing versatility.
Retain Ownership: You continue to own and use the property while leveraging its value for financial needs without having to sell it.

4. Important Factors to Consider When Taking a Loan Against Property Overdraft

Interest Rates and Fees: Compare various lenders to find the most competitive interest rates and understand all associated fees, including processing and prepayment charges.
Repayment Terms: Ensure you understand the flexibility in repayment options, tenure choices, and any penalties for early repayment.
Loan to Value (LTV) Ratio: Check the LTV ratio offered, which typically ranges from 50-70% of the property's value, influencing the maximum loan amount.
Eligibility and Documentation: Confirm you meet the lender's eligibility criteria and gather all necessary documentation such as property papers, income proof, and identity verification.
Property Valuation: Obtain an independent valuation of your property to ensure it accurately reflects market conditions and to determine potential loan amounts.
Impact on Cash Flow: Assess how the loan repayments will affect your monthly cash flow, ensuring you can manage the financial commitment comfortably.
Credit Score: Maintain a good credit score to negotiate better loan terms and increase your chances of approval.
Legal and Technical Verification: Ensure the property has a clear title and is free from legal disputes or encumbrances as lenders will conduct thorough checks before approving the loan.

5. Loans Against Property Overdraft Interest Rates?

Bank Name	Interest Rate (per annum)	Processing Fee	Maximum Tenure
State Bank of India (SBI)	7.45% - 10.65%	0.35% of loan amount (Min ₹2,000)	Up to 15 years
HDFC Bank	8.00% - 9.50%	Up to 1% of loan amount	Up to 15 years
ICICI Bank	8.50% - 10.50%	0.50% - 1% of loan amount	Up to 15 years
Axis Bank	8.90% - 11.25%	Up to 1% of loan amount (Min ₹10,000)	Up to 20 years
Bank of Baroda	8.15% - 10.15%	0.35% of loan amount (Min ₹10,000)	Up to 15 years
Punjab National Bank (PNB)	8.10% - 11.15%	0.50% of loan amount (Min ₹10,000)	Up to 15 years
Kotak Mahindra Bank	8.00% - 11.00%	Up to 1% of loan amount	Up to 15 years
IDFC First Bank	8.75% - 11.50%	1% of loan amount (Min ₹5,000)	Up to 20 years
IndusInd Bank	8.90% - 11.50%	0.75% - 1% of loan amount	Up to 20 years
Union Bank of India	8.40% - 10.90%	0.50% of loan amount (Min ₹7,500)	Up to 15 years

Please note: Interest rates and fees can vary based on the loan amount, tenure, credit profile of the borrower, and specific bank policies. It is advisable to check with the respective bank for the most accurate and updated information.

Was this article is helpful?

Most Common Questions About Loans Against Property Overdraft

1. Who are the best Loans Against Property Overdraft providers in Visakhapatnam?

2. What documents are required for a Loans Against Property Overdraft?

You will need identity proof (like Aadhar or PAN card), address proof (such as utility bills), income proof (salary slips or IT returns), property documents, and a completed application form.

3. What are the eligibility criteria for a Loans Against Property Overdraft?

Eligibility typically includes being an Indian resident, a salaried or self-employed individual, and owning a residential or commercial property. The property should be free of legal issues, and your income should meet the lender’s criteria.

4. How do I apply for a Loans Against Property Overdraft online?

You can apply online with the Sulekha form above with your loan requirements, and connect with the best loan providers that suit your needs. Also you can visit the lender’s website, fill out the online application form with your personal and property details, upload the required documents, and submit the application. The lender will review your application and contact you for further processing.

5. How can I get an instant Loans Against Property Overdraft?

Instant approval may be possible through pre-approved offers from existing lenders, provided you meet their criteria. Otherwise, submit a complete and accurate online application with all required documents for faster processing.

6. What is the percentage rate for Loans Against Property Overdraft?

The interest rate varies by lender but typically ranges between 9% to 14% per annum, depending on factors like the borrower’s profile, loan amount, and tenure.

7. Can I get a Loans Against Property Overdraft with a low CIBIL score?

While a low CIBIL score can make it more challenging, some lenders may still offer the loan at higher interest rates or require additional security. It’s advisable to improve your score for better terms.

8. What is the processing fee for a Loans Against Property Overdraft?

Processing fees usually range from 0.5% to 2% of the loan amount, depending on the lender. This fee covers administrative costs associated with processing the loan application.

9. Can I get a Loans Against Property Overdraft with a bad credit score?

Obtaining a loan with a bad credit score is challenging but possible with certain lenders. You may need to provide additional collateral, a co-applicant, or be prepared for higher interest rates and stringent terms.

Tips & Solutions for Applying Loan View All Blogs

Home Buying Trends 2021 by Jenson

For most people, the primary purpose of buying real estate as an investment is to make a profit. However, there can be...

Important Things That NRIs Should Know About Home Loan In India by Pavithra S

If you are an NRI who wish to buy a residential property in India using a home loan, then it is essential for you to be aware...

Home Loan Agreement- Important clauses to know! by Pavithra S

Buying a house is still considered a big achievement in a person’s life as it entails several processes before one could heave...

How To Avoid Rejection Of Your Personal Loan Application Devi Bhuvanesh

Are you in urgent need of money for personal reasons? To meet the immediate financial requirement, one can apply for a personal loan...

Read all Blogs

Top Loans Against Property Overdraft Providers in Visakhapatnam

What type of business loan do you need?

Find the Top Loans Against Property Overdraft Providers from Sulekha in Visakhapatnam

Top List of Loans Against Property Overdraft in Visakhapatnam as on Oct 04, 2024

Sri Sai Teja Home Deals

SV Fin Serv

Global Indo Financial Services

Gourav Enterprises

Shri Vinayak Enterprises

Punith

Sagar Enterprises

Instant Finanace

Sri Balaji Associates

Arti Financial Services

Why Choose Sulekha?

1. When to Consider Taking Out a Loan Against Property Overdraft

2. Eligibility Criteria for Loans Against Property Overdraft

3. Benefits and Advantages of a Loan Against Property Overdraft

4. Important Factors to Consider When Taking a Loan Against Property Overdraft

5. Loans Against Property Overdraft Interest Rates?

Most Common Questions About Loans Against Property Overdraft

1. Who are the best Loans Against Property Overdraft providers in Visakhapatnam?

2. What documents are required for a Loans Against Property Overdraft?

3. What are the eligibility criteria for a Loans Against Property Overdraft?

4. How do I apply for a Loans Against Property Overdraft online?

5. How can I get an instant Loans Against Property Overdraft?

6. What is the percentage rate for Loans Against Property Overdraft?

7. Can I get a Loans Against Property Overdraft with a low CIBIL score?

8. What is the processing fee for a Loans Against Property Overdraft?

9. Can I get a Loans Against Property Overdraft with a bad credit score?

Tips & Solutions for Applying Loan View All Blogs

Home Buying Trends 2021

Important Things That NRIs Should Know About Home Loan In India

Home Loan Agreement- Important clauses to know!

How To Avoid Rejection Of Your Personal Loan Application