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Mortgage loanonmind

Eligibility Criteria

LoanOnMind Loan Against Property Eligibiity
Eligibility Criteria
Salaried
Self Empolyed
Age of Eligible Borrower
18-70 years
18-70 years
Maximum Loan Tenure
15 years
15 years
Eligible Monthly Income
25,000
25,000
  • LoanOnMind loan against property is calculated based on your age, income, property value and repayment capacity.
  • You can increase your LoanOnMind Mortgage loan eligibility by adding earning family members, business firms and companies owners by main applicant or by applying for a longer tenure loan.

    • Documentation Required

    For Self-Employed

  • Filled up loan application Form
  • 2 Passport size photo
  • ITR of last 2 years
  • Identity Proof – passport / Driving License / Voter ID / PAN
  • Residential Address Proof – Leave and License / Registered Rent Agreemeent / Utility Bill , Passport
  • Business Proof such as VAT / service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheet certified by CA, copy of partnership deed and proof of business existence and business profile

    • For Salaried Employee

  • Filled up loan application
  • Past sale Deeds Chain (each transaction in respect of this property since first allotment)
  • Latest House tax return / receipt
  • Approved building plan from Muncipal Corporation
    • “Helping you plan your future” Apply Now

    Frequently Ask Questions

    If your spouse or family member is earning well, you can make your spouse or family member as a co-applicant of your loan. The combination of both of your income will help you in increasing your eligibility to get a loan

    Yes, you can foreclose your LoanOnMind laon against property anytime you want with NIL foreclosure charges

    The benchmark rate applicable for property loans in LoanOnMind is RLLR.

    LoanOnMind requires a registered mortgage of the property against the bank will provide you a loan.

  • Property on which you intend to take a loan is not vacant land, has an approved map plan and is in municipal area. You must attah the entire chain of title documents of the property and its approved building plan with the loan application
  • Your total EMI’s on all loans and credit cards (other banks) are not more tha n 60%-70% of your net monthly income
  • You have not defaulted on laons or credit card dues to LoanOnMind or other banks and all EMI’s have been paid.
  • If you are salaried, ensure that you attach your recent salary slips, bank statements and last 3 year’s Form1 6 with the loan application.
  • If you are self employed, your business must have been in existence for at least three years and last three income tax returns with audited financial must be available

    • Want to know more?

    EMI Calculator
    x

    EMI Calculator

    Loan EMI

    ₹ 2,49,595

    Total Interest Payable

    ₹ 3,49,02,802

    Total of Payments
    (Principal + Interest)

    ₹ 5,99,02,808

    Want to know more?