Loan Against Property
Roha Housing Finance believes that property should not be a frozen asset.
It must be able to provide the owner with financial assistance when needed, or windfalls that help cover up emergency expenses.
That’s why Roha Housing Finance provides Loans Against Property of existing Residential/ Commercial/ Industrial immovable property at attractive commercials. The end use of the loan can be towards legitimate needs like expansion of business, foreign travel, personal requirements such as education, a function in the family, medical expenses, furnishing of the house etc. On the top of it, you can also convert your high EMI business loan to LAP and get a comfortable EMI with your property.
Loan Against Property is offered to salaried and self employed individuals with minimum documents being asked. What more! money gets credited in your bank account within just 72 hours after availing the loan.
SALIENT FEATURES:
Quick Decisioning
Loan tenor up to 15 years
No Hidden Charges
Transparent Documentation
Technology enabled process
Who can apply?Know more
Any person with a stable and steady income can apply for loan individually or jointly. All property owners should be co-applicants to the loan. In addition, close family members with income sources can also be taken as co-applicants for loan.
Eligibility Know more
- Main applicants with more than 21 years of age at the time of applying the loan and less than 65 years at the time of loan maturity
- All applicants should be either income contributor or who are property co-owners
- Applicants should have a bank account
- Loan against Property is based on applicant(s) financial ability to service the loan along with suitability of collateral property for which home loan is taken
Amount Know more
At Roha housing you can get a Loan Against property between Rs. 3 lacs to Rs. 50 lacs.
Maximum repayment time Know more
At Roha Housing you can get maximum loan tenor of 15 years
Rate of Interest
The rate of Interest for offering loans against property ranges from 12% to 24%.In the last quarter of July – Sep 2024 our interest rate has ranged between 13% to 24%, with a mean rate of 15.50%.
Documents Required Know more
We at Roha Housing understand that customers in lower income group are unable to produce much income documents. Roha Housing being a specialist in assessment of lower income segment, works on advanced technology to assess this segment and thus takes minimum income papers as below
- Duly Signed Application form
- KYC documents of all applicants
- Up to 12 Months Bank Statement
- Salary Slips, or Kachha Records of Business
- Copy of complete chain documents of the property (as applicable)
Repayment Option Know more
At Roha Housing we not only give end to end services on taking loan from us but also offer convenient solutions to our customers to pay their EMI. A dedicated Relationship Manager is always at service right from informing about the EMI due date to picking up the cheque from the customer’s doorstep if need arise. One can also make payment through Electronic Clearing Services (ECS) or Post-dated cheques (PDC) and National Automated Clearing House (NACH).
