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SRG Loan Against Property

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SRG Loan Against Property

Shift back your focus to your desires

SRG understand the value of your time and property and thus helps you to focus where your focus should be. With our Mortgage property loan/Loan against Property (LAP) offering, we provide you liquidity in hand thus allowing you to leverage the value of your fixed property lying idle.

Key features and benefits with SRG

SRG LAP is a financial tool that allows you to mortgage your idle lying residential/commercial property at the best available mortgage rate in the industry while allowing you to continue to occupy the same. You can use the money to meet any of your financial needs be it for business expansion, debt restructuring ,converting you current loan at attractive rate of interest, children education , marriage or any other suitable purpose.



Features & Benefits



Across the Country

Wide network across the country to ensure hassle-free reach

Quick Assistance

Personalised documentation assistance for smooth processing

Easy Loan

Home Loan for construction, renovation, improvement and purchase

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For Loan Against Property Loan

Some easy steps for Loan Against Property Apply

Robust service delivery model – door step services ensuring easy and fast approval & disbursal of loans,

  • 01

    Apply online from our SRG Housing website

  • 02

    Select your product for which you wish to apply for loan

  • 03

    Get your loan approved

  • 04

    Get your loan sanctioned and disbursed
Apply for SRG Loan Against Property

Eligibility & Documentation

For loan approval, you need to submit the following documents for applicant / all co-applicants along with the completed and signed home loan application form.

Application Form, Proof of identification, Residence Proof, Income statement, Property Papers

Nationality - Resident Indian, Self Employed/Salaried, Loan Eligibility depends on factors like : Age, Income, Tenure & Credit Score etc.

Frequently Asked Questions

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You need to approach an SRG Housing Finance Limited Company with the latest salary slips and TDS from 16 of the last two financial years of yourself and your co-applicant if any. The loan officer after going through the details of the documents will informally tell you the loan amount you are eligible for and the terms of the same. You need to submit the application form along with the necessary documents.

Can a single woman apply for the loan?

Yes, of course, the applicant woman should be having a sound income and collateral base as per the company’s policy, in case of the absence of any co-applicant or guarantor.

An encumbrance certificate acts as an assurance that the property to be purchased or sold, is free from any monetary or legal liability, such as a loan that has not been cleared, or a mortgage on the property. The certificate will contain all the transactions related to the property for the specified time period.

Co-Applicants are the Co-Owners of the property in respect of whom the financial assistance has been sought. Usually, joint applications are from husband-wife, father-son or mother-son.

The primary concern of the HFCs in determining the loan eligibility is that you are comfortably able to repay the amount you borrow. Your repayment capacity is determined by taking into consideration factors such as income, age, qualifications, number of dependents, spouse’s income, assets, liabilities, stability and continuity of occupation and savings history.

The market value of the property shall be assessed with the help of a third party independent valuer.

Home loans are generally provided for in the range of 45% to 75% of the asset value. The amount of loan varies from institution to institution and it may vary from Rs.1 lakh to Rs.2 crores.

Repayment period options range generally from 5 to 15 years. In special cases, SRG HFCs also offer a 20-year repayment period, usually at a higher interest rate. As a non-resident, you can avail of a loan only for a maximum period of 7 years.

Yes, you can pay your loan ahead of schedule. However, it must be noted that SRG housing finance charges a fee for early redemption of the loan. This fee can vary between 2%-3 % of the loan amount being prepaid. In Case if it is paid from its own sources then there will not be any prepayment charges.

Use the EMI Calculator Below

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Detailed Calculations

EMI

Total interest payable over the loan term

Total payments made over the loan term