We usually consider the following type of properties: Self-Occupied Residential Property (SORP): Applicant must be staying in the house, that he/she wants us to mortgage. Mixed Use Property (Self Occupied + Commercial / Rental): Applicant can have a property where he's staying, and some portions of the property has been given on rent for commercial purpose. NB: Commercial Properties are not accepted if it does not have self-occupied residence in it. All mortgages will have to be registered either as Registered Mortgage or Registering MOD as per the laws
We're simplifying the documents that are needed below as per the category of applicant.
The fees HomeFirst will charge to avail Loan Against Property includes:
Pre – Sanction Charges: 2% of Loan amount + 18% GST
Post- Sanction Charges: After Sanction, Customer will have to pay a nominal amount for as Legal and Technical charges. We at HomeFirst emphasize on complete transparency as it's one of our core values!
The following are the main Purposes of loan Against Property viz. You can use the funds,
For Business expansion / Working capital: For Business Expansion, purchasing machinery / equipment / raw materials / stock etc. and all other business requirements
For Personal needs: Children's higher education, marriage expenses or any family functions, medical emergencies, home improvement or furnishing
For Debt consolidation: You can opt to settle all those high interest rate loans, that you might have borrowed in trying times. Live stress-free!
We're simplifying the documents that are needed below as per the category of applicant.
