Pollachi

Top List of 8 Property Loan in Coimbatore. Get an instant property loan with low interest rate, Also lending property loan, lap loan, Loans against rent receivables, Loan against pro#rty without map and more. Find Loan Against Property service providers near your location. as on Oct 16, 2024

R S ASSOCIATES

Kumbakonam Bazar, Kumbakonam, 612001

( Also serves in Coimbatore )

3.0/5 Based on 1 Reviews

+08048409045

Loans Business Loans Home Loans

+3 more

Response Time: Within 15 MinsSulekha score: 6.4

R S Associates, located in Kumbakonam Bazar, Kumbakonam, is a reputable financial service provider offering a wide range of loan solutions. They specialize in personal loans, business loans, home loans, and loans against property, catering to various financial needs of individuals and businesses in the region. Their services are known for quick response times, typically within 15 minutes, and they operate between 9 AM and 5 PM. The team at R S Associates is experienced in guiding clients through the loan application process, ensuring a smooth and hassle-free experience. With a Sulekha score of 7.8, they are considered a trusted choice for financial services in Kumbakonam?

Available Loan Types:

Offering 5 different types of loans

Loan Amount Range:

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

Chat

Enquire Now

Dream World Realtors

Gingee, Villupuram, 604202

( Also serves in Coimbatore )

+08069874066

Loans Business Loans CC Limit Loans

+11 more

Response Time: Within 15 MinsSulekha score: 6.3

Dream World Realtors, based in Gingee, Villupuram, was established in 2014 and specializes in providing a wide range of real estate and loan services. They cater to various financial needs, offering home loans, business loans, mortgage loans, and even loans for individuals with non-CIBIL defaults. The company is known for its customer-focused approach, ensuring that clients receive personalized service tailored to their specific requirements. Dream World Realtors has built a strong reputation in the region, reflected in their 5-star rating from satisfied customers. Their services are available across Villupuram, and they are dedicated to making the loan acquisition process smooth and hassle-free?

Available Loan Types:

Offering 10+ different types of loans

Loan Amount Range:

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

Chat

Enquire Now

JM Loans

Vayalur Main Road, Trichy, 620102

( Also serves in Coimbatore )

+08069670171

Loans Business Loans CC Limit Loans

+9 more

Response Time: Within 15 MinsSulekha score: 5.3

JM Loans, located on Vayalur Main Road in Trichy, offers a range of financial services tailored to meet diverse needs. With over 8 years of experience, this firm specializes in providing loans against property, business loans, mortgage loans, and CC limit loans, catering to both individuals and businesses. They are known for their quick response times and customer-friendly approach, making loan processing as seamless as possible. Ensuring that clients can reach out for assistance at their convenience. JM Loans also extends unsecured loan options, making them a versatile choice for clients across Tamil Nadu. Whether you need a loan for personal or business purposes, JM Loans is committed to helping you find the best financial solutions.

Available Loan Types:

Offering 10+ different types of loans

Loan Amount Range:

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

Chat

Enquire Now

Protium Finance Limited

R.S. Puram, Coimbatore, 641002

+09021117819

Loans Business Loans CC Limit Loans

+9 more

Response Time: Within 15 MinsSulekha score: 7.6

Protium Finance Limited, located in R.S. Puram, Coimbatore, is a financial services provider that specializes in offering loans to both individuals and businesses. They provide a range of financial solutions, including business loans, MSME loans, and consumer financing options. Their services are designed to support small and medium-sized enterprises (SMEs) with flexible loan solutions, often requiring minimal documentation for fast approval. The company also offers educational financing and loans against property, with amounts going up to Rs. 5 Crore, making them a reliable partner for significant capital needs. Protium Finance is committed to customer satisfaction and aims to offer customized financial solutions.

Available Loan Types:

Offering 10+ different types of loans

Loan Amount Range:

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

Chat

Enquire Now

Success Solutions Loan Providers

Koundampalayam, Coimbatore, 641030

+09883022543

Loans Business Loans CC Limit Loans

+10 more

Response Time: Within 15 MinsSulekha score: 6.8

Welcome to SUCCESS SOLUTIONS LOAN PROVIDERS, your one-stop destination for all your loan needs. Our company was established in 2009 and has since been providing top-notch loan services to our valued customers. We offer a wide range of loan options including home loans, business loans, mortgage loans, personal loans, and more. Our team of experts will guide you through the process and help you choose the best loan option based on your needs and re ... less

Chat

Enquire Now

Gourav Enterprises

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

+08035426822

Loans Business Loans CC Limit Loans

+11 more

Response Time: Within 15 MinsSulekha score: 6.4

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

Hyco Tax Consultants

Ram Nagar, Coimbatore, 641001

5.0/5 Based on 1 Reviews

+08035426734

Loans Home Loans Loan Against Property

+5 more

Sulekha score: 8Working hours: 10:00 AM to 8:00 PM

less

ashok Surana from Coimbatore

"NICE AND GOOD SERVICE AS EXPECTED "

Chat

Enquire Now

Shri Vinayak Enterprises

Vaishali Nagar, Jaipur, 302021

( Also serves in Coimbatore )

Loans Business Loans CC Limit Loans

+12 more

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

less

Enquire Now

Pranav Enterprises

Mettupalayam Road, Coimbatore, 641030

Loans Business Loans Home Loans

+8 more

Sulekha score: 7.4Working hours: 09:00 am to 07:00 pm

less

Enquire Now

Naresh Ramesh

Paye Gaon, Thane, 401404 ( Also serves in Coimbatore )

Loans Business Loans Car Loans

+17 more

Sulekha score: 7.1Working hours: 10 AM to 5 PM

less

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, loan against property, home loans, vehicle loans, car 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?

Business Expansion: If you are an entrepreneur or business owner looking to expand your business, a LAP can provide the necessary capital. The lower interest rates compared to unsecured loans make it a cost-effective option for funding significant business activities such as opening new branches, purchasing equipment, or increasing inventory.
Debt Consolidation: When you have multiple high-interest debts, consolidating them into a single LAP can reduce your overall interest burden. This simplifies repayment and can lead to significant savings on interest payments over time.
Large Personal Expenses: LAP is suitable for financing large personal expenses such as:
- Higher education: Funding your or your child's education, especially if studying abroad.
- Medical emergencies: Covering substantial medical expenses not fully covered by insurance.
- Weddings: Financing wedding expenses, which can be substantial in some cultures.
Home Renovation or Improvement: If you plan to renovate or improve your property, taking a LAP can be a good option. It allows you to use the property itself to generate funds for its enhancement, potentially increasing its value further.
Investment Opportunities: When a lucrative investment opportunity arises, a LAP can provide the necessary funds. However, ensure that the expected returns outweigh the cost of the loan to avoid financial strain.
Tax Benefits: In some jurisdictions, interest paid on a LAP used for specific purposes such as business or home renovation may be eligible for tax deductions. Consult with a tax advisor to understand the potential tax benefits in your case.
Lower Interest Rates: LAPs generally have lower interest rates compared to personal loans or credit cards because they are secured by property. If you qualify for favorable interest rates, this can make LAP an attractive option for financing needs.
Longer Repayment Tenure: LAPs typically offer longer repayment tenures compared to unsecured loans, which can result in lower monthly installments and reduced financial pressure. This can be advantageous if you need a substantial amount of money and prefer manageable monthly payments.

2. Eligibility Criteria for Taking a Loan Against Property?

Age: The applicant should typically be between 21 to 65 years old. Some lenders may have slightly different age criteria, but generally this range is standard for most financial institutions.
Income: For salaried individuals, a consistent income with a minimum required salary is essential. Self-employed individuals need to show a stable income from their business or professional practice, with lenders often requiring a minimum annual income based on business turnover and profitability.
Employment Stability: Salaried individuals need at least 2-3 years of continuous employment, with a minimum of 1 year in the current job. Self-employed individuals should have a minimum of 3-5 years in their current business or profession to demonstrate stability.
Property Ownership: The pledged property must be owned by the applicant and can be residential, commercial, or industrial. It should be free of disputes and have clear title ownership to qualify as collateral.
Credit Score: A good credit score, usually 650 or higher, is crucial for loan approval. A higher score can result in better loan terms and interest rates, reflecting the applicant's creditworthiness.
Property Valuation: The loan amount is typically 50% to 70% of the property's market value. Lenders assess the property's condition, location, and marketability to determine its valuation.
Documentation: Required documents include identity proof, address proof, income proof, property documents, and bank statements. Self-employed individuals may need to provide additional documents like business continuity proof, balance sheets, and profit & loss statements.
Existing Liabilities: Lenders evaluate existing debts and financial obligations to assess the applicant's repayment capacity. This helps determine the overall financial health and risk involved in lending.
Purpose of the Loan: Lenders may inquire about the loan's purpose, such as business expansion, debt consolidation, education, or medical expenses. Knowing the loan's purpose helps in assessing its appropriateness and risk.
Loan Tenure: Loan tenure typically ranges from 5 to 15 years, with some lenders extending up to 20 years based on the applicant's profile and the lender's policies. Longer tenure may affect the overall interest paid.
Additional Considerations: Lenders may have additional requirements or specific eligibility criteria based on their internal policies and risk assessment frameworks. Comparing offers from different lenders can help find the most suitable terms and conditions.

3. What are the Benefits and Advantages of a Loan Against Property?

Lower Interest Rates: The secured nature of LAP means lenders offer lower interest rates compared to unsecured loans. Additionally, the longer repayment tenures, ranging from 5 to 15 years, lead to lower EMIs and easier repayment schedules.
High Loan Amount: LAPs provide substantial financing, with loan amounts often up to 60-70% of the property's market value. This significant fund can be used for various purposes such as business expansion, education, or medical emergencies.
Retain Property Ownership: Borrowers retain ownership of their property while using it as collateral. This means they can continue to use the property and benefit from any increase in its value over time.
Flexible Repayment Options: Borrowers can choose repayment tenures that fit their financial situation, from short-term to long-term options. Additionally, many lenders allow prepayment or foreclosure with minimal charges, reducing the overall interest burden.
Tax Benefits: If the loan is used for business purposes, the interest paid can be claimed as a business expense, reducing taxable income. Loans used for home renovation or purchase may also qualify for tax benefits under Section 24(b) of the Income Tax Act.
Improved Credit Score: Regular and timely repayment of the loan can positively impact the borrower’s credit score, improving their creditworthiness for future borrowings.
No Restriction on Usage: LAPs offer flexible utilization, allowing borrowers to use the funds for any purpose without stringent restrictions, making it a versatile financial solution.
Leverage Idle Property: Property that is not generating income can be leveraged to secure a loan, effectively turning a non-liquid asset into usable funds, thus monetizing idle property.

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

Property Valuation: Understand the current market value of your property as it determines the loan amount you can avail. Note that the lender's valuation might differ from your expectations.
Loan-to-Value Ratio (LTV): Lenders typically offer 60% to 80% of the property's value. Higher LTV ratios might attract higher interest rates, so it’s essential to consider this when applying.
Interest Rates: Choose between fixed and floating interest rates. Fixed rates remain constant while floating rates can change with market conditions. Comparing rates from different lenders can help you find the most competitive offer.
Repayment Terms: Loan tenures can range from 5 to 20 years or more, with longer tenures resulting in lower EMIs but higher overall interest payments. Check for any prepayment or foreclosure charges as well.
Eligibility Criteria: Lenders assess income stability and repayment capacity, so ensure you have sufficient income to meet the EMIs. A higher credit score can increase approval chances and result in better terms.
Processing Fees and Other Charges: Be aware of processing fees, legal charges, valuation fees, and administrative costs. Watch out for hidden charges that could increase the overall cost of the loan.
Documentation: Ensure you have all necessary property documents such as the title deed and property tax receipts, as well as personal financial documents, ID proofs, and address proofs.
Purpose of the Loan: Clearly define the loan's purpose, whether for business expansion, education, medical expenses, or home renovation. Ensure the purpose justifies the interest and principal repayments.
Legal and Regulatory Factors: Ensure the property has a clear title and is free from legal disputes. Verify that it complies with local municipal regulations and zoning laws.
Risks and Contingencies: Consider the risk of default and the implications of losing your property. Maintain an emergency fund to cover EMIs in case of unforeseen financial difficulties.

5. Loan Against Property Interest Rates?

Bank	Interest Rate (p.a.)	Processing Fee	Loan Amount	Tenure
HDFC Bank	8.50% - 10.00%	Up to 1.00% of loan amount	Up to ₹5 crore	Up to 15 years
ICICI Bank	8.90% - 9.75%	Up to 1.00% of loan amount	Up to ₹5 crore	Up to 15 years
State Bank of India (SBI)	7.90% - 9.50%	0.35% of loan amount (max ₹10,000)	Up to ₹7.5 crore	Up to 15 years
Axis Bank	9.00% - 11.00%	Up to 1.00% of loan amount	Up to ₹5 crore	Up to 20 years
Kotak Mahindra Bank	9.25% - 11.25%	Up to 1.00% of loan amount	Up to ₹3 crore	Up to 15 years
Bank of Baroda	8.15% - 9.85%	1.00% of loan amount	Up to ₹10 crore	Up to 15 years
Punjab National Bank (PNB)	8.40% - 10.05%	1.00% of loan amount	Up to ₹5 crore	Up to 15 years
Canara Bank	8.75% - 10.30%	Up to 1.00% of loan amount	Up to ₹5 crore	Up to 10 years
IDFC First Bank	9.50% - 11.00%	Up to 1.50% of loan amount	Up to ₹10 crore	Up to 20 years
Union Bank of India	8.25% - 10.00%	Up to 1.00% of loan amount	Up to ₹10 crore	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 Loan Against Property

1. Who are the best Loan Against Property providers in Coimbatore?

R S ASSOCIATES
Dream World Realtors
JM Loans
Protium Finance Limited
Success Solutions Loan Providers

2. What documents are required for a Loan Against Property?

To apply for a Loan Against Property, you'll typically need identity proof (like Aadhaar or PAN card), address proof, property documents, income proof (salary slips or IT returns), and bank statements for the last 6-12 months.

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

Eligibility criteria include being an Indian resident, aged between 21 to 65 years, with a stable income. Both salaried and self-employed individuals can apply, and the property should be free of legal issues.

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

To apply online, you can fill out 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 application form with required details, upload the necessary documents, and submit. The lender will review your application and contact you for further steps.

5. How can I get an instant Loan Against Property?

Instant loans against property are available from select lenders with streamlined processes. You need to have all documents ready and apply through their quick approval portals, often getting approval within 24-48 hours.

6. What is the percentage rate for Loan Against Property?

Interest rates for a Loan Against Property typically range from 8% to 15% per annum, depending on the lender, loan amount, tenure, and your credit profile.

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

Yes, it is possible, but a low CIBIL score might result in higher interest rates and stricter terms. Some lenders specialize in providing loans to individuals with lower credit scores.

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

Processing fees for a Loan Against Property generally range from 0.5% to 2% of the loan amount, varying by lender. Additional charges like legal fees and valuation charges may also apply.

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

Getting a loan with a bad credit score is challenging but not impossible. You may face higher interest rates and stringent conditions. Some lenders may require a guarantor or additional collateral.

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

4.5

Based on 17 Reviews

Suganya Thudiyalur

06 Apr, 2023

I got 9lacs loan amount based on my bank statement thru private finance.Within 1 day I got my loan amount.Its very speedy and quality process. Thanks for Success Solutions for speedy service.Excellent job you are doing . Communication 5/5 responsiveness 5/5 good price 5/5 ontime services 5/5 Service Quality 5/5

Indu Priya Gandhipuram

07 Dec, 2018

Not satisfied with their service. I approached this Punjab National Bank Gandhipuram, Coimbatore for my Mortgage loans purpose. They approached me good and I submitted all the documents for the Loan but the loan process was very slow and they did very delay to providing the loan. Overall I am not satisfied with their service.

R. Elangovan Gandhipuram

04 Oct, 2018

Approached this G.I.C. Housing Finance Ltd. Gandhipuram, Coimbatore. I searched for Mortgage loans, His responses and his service were really good, And I submitted my all documents to this bank, Mortgage loan I asked to this GIC bank 15 lakhs still in process. His approaches and kind responses were really good I am satisfied with his kind responses.

Malathi periyasamy Ramanathapuram

27 Sep, 2018

Easy loan processing. Polite behaviour towards customer. Friendly staff. Quicker approval. Great experience.. Thank you Mr. Ranjith kumar

Mugesh Ramanathapuram

12 Sep, 2018

Superb solution for my lap, they served a good service , response, faster verification process desired loan amount and flexible interest rate. Compactable best nstitute

Bindu Pn Palayam

10 Sep, 2018

Very nicely responded, And I got valuable Information from this financial services IndusInd Bank for my Mortgage loans, The financial person they said all of the related Mortgage loans details, I submit my all document and still going on the process, I am cheerful to choose this Finance service.

Subha Kuniyamuthur

29 Aug, 2018

Esaf a good organization who helps for the society for their needs but the staffs who were working there is very bad in attitude mainly branch manager n the cashier treats poor people like beggars. Not even treating like humans if they r not able to work in pleasing manner then y they r into this social service.very bad.if we r treating our own people for their needs like this then they r not humans.

nivi Gandhipuram

09 Apr, 2018

good service by sulekha as well as by Loankartindia. Its was nice to have their way of approach to client. best financial consultant in coimbatore

Top Loan Against Property in Coimbatore

What type of mortgage loan do you need?

Find the Top Loan Against Property Loan Providers from Sulekha in Coimbatore

Top List of 8 Property Loan in Coimbatore. Get an instant property loan with low interest rate, Also lending property loan, lap loan, Loans against rent receivables, Loan against pro#rty without map and more. Find Loan Against Property service providers near your location. as on Oct 16, 2024

R S ASSOCIATES

Dream World Realtors

JM Loans

Protium Finance Limited

Success Solutions Loan Providers

Gourav Enterprises

Hyco Tax Consultants

Shri Vinayak Enterprises

Pranav Enterprises

Naresh Ramesh

Latest User Reviews for Loan Against Property in Coimbatore

Why Choose Sulekha?

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

2. Eligibility Criteria for Taking a Loan Against Property?

3. What are the Benefits and Advantages of a Loan Against Property?

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

5. Loan Against Property Interest Rates?

Most Common Questions About Loan Against Property

1. Who are the best Loan Against Property providers in Coimbatore?

2. What documents are required for a Loan Against Property?

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

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

5. How can I get an instant Loan Against Property?

6. What is the percentage rate for Loan Against Property?

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

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

9. Can I get a Loan Against Property 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