Coimbatore is one of the major cities in the Indian state of Tamil Nadu.
If you have a property in this city and require some amount to fulfil your needs, you can do that.
Yes, it is possible to apply for loan against property in Coimbatore. Many leading lenders can offer you a huge amount as per the market value of your property.
Also, a home loan application with a top-ranked lender provides you with many advantages.
Let’s know about it and the steps to apply for a loan against property in Coimbatore!
What are the advantages of a loan against property in Coimbatore?
A bigger loan amount
If your property to be mortgaged is in good condition and situated in an area with growing infrastructure, you can get a significant loan amount. The borrowable funds may go as high as up to Rs.5 crores. The eligibility criteria of a loan against property in Coimbatore is also easier to meet. One can also use the online eligibility calculator and know how much they will get early.
Lower loan against property interest rates
Since the loan amount is disbursed against the value of your property, the payable interest rate is lower. In turn, it lets you pay the reduced loan EMIs.
Quick approval, faster disbursement and flexible repayment
A loan against property in Coimbatore also lets you enjoy the approval within 24 hours and funds disbursal within 72 hours. You can also repay the loan over a tenor of up to 18 years.
How to apply for a loan against property in Coimbatore?
Browse your lender’s portal, and access an online loan application form.
Provide your income credentials for the lender to come up with a deal meeting your financial condition the best.
Click on the button that says ‘Apply Loan Against Property.’
Submit the online form. One of the lenders will call you to discuss your personalized loan offer.
You can fulfil the eligibility criteria, furnish the required documents and follow the discussed steps to apply easily for a loan against property in Coimbatore.
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