Mortgage Loan

What is a Mortgage Loan?

A mortgage loan, also known as a Loan Against Property (LAP), is a secured loan where you pledge your residential or commercial property as collateral to get funds. These funds can be used for various purposes like business expansion, child's education, medical emergencies, or marriage expenses, without selling your property.

Perfect Lender offers competitive mortgage loans that allow you to leverage your property's value for significant financial needs, offering lower interest rates compared to unsecured loans due to the collateral.

Key Features & Benefits

• Lower Interest Rates: Enjoy more favorable interest rates as the loan is secured by your property.
• Flexible Loan Amount: Get a substantial loan amount based on the market value of your property.
• Longer Repayment Tenure: Benefit from extended repayment periods, making EMIs more manageable.
• Multi-Purpose Loan: Use the funds for any legitimate financial requirement – personal, business, or otherwise.
• Simple Documentation: Our process requires minimal paperwork, making application swift and easy.
• Expert Guidance: Our team provides end-to-end support, from understanding your needs to loan disbursal.

Eligibility Criteria

To be eligible for a mortgage loan from Perfect Lender, you typically need to meet the following criteria:

• Age: Minimum 21 years to Maximum 65-70 years (at loan maturity).
• Employment Type: Salaried individuals and Self-employed professionals/non-professionals with stable income.
• Property Ownership: Clear title and ownership of the property to be mortgaged.
• Property Type: Residential or commercial properties are generally accepted.
• Credit Score: A good credit history and score are preferred for quick processing.
• KYC Documents: PAN card, Aadhar card, Proof of Address, Passport-sized photographs.
• Income Proofs: Salary slips, Bank statements, ITR, Business registration proof (for self-employed).
• Property Documents: Original property documents, sanction plans, NOCs, etc.

How to Apply for a Mortgage Loan

Applying for a mortgage loan with Perfect Lender is a straightforward process:

1. Online Inquiry: Start by submitting an online inquiry or contacting us directly.
2. Document Submission: Provide your personal, income, and property-related documents.
3. Property Valuation: Our team will conduct a thorough valuation of your property.
4. Verification & Approval: After verification and assessment, your loan will be processed.
5. Loan Disbursal: Once approved and legal formalities are completed, the loan amount will be disbursed.