Mortgaging an existing property (which is in your name) is a good way to get a loan at better interest rates in order to meet your immediate financial needs without selling off any assets you may own. You can retain your property, which under normal conditions would tend to appreciate in value over the years. Hence, mortgaging a property to raise funds is a wise decision as it is one of the cheapest retail loans available with lower interest rates.

Requirements for all Applicants:

Application form duly filled in (with photograph of the entire applicant).
Residence and Age verification, which may be established from the PAN card, Election ID, Passport, Drivers license and Ration card etc.
Copy of approved plan and sanction letter from local civic authority.
Copy of NA permission.
One/two guarantor/s form/s and salary certificates. - If the guarantor is in business, copies of I.T.
Bank Pass-book of statements for the last one year.
Latest salary slip/statement showing all deductions in case of employed applicants.
Certified copies of Balance Sheets and Profit and Loss accounts, IT acknowledgments, advance tax challans (for company / firm and personal account) for the last three years in case of self employed applicants.
Memorandum/Articles of Association for companies, partnership deeds for firms and a brief profile of your company/ firm in case of self employed applicants.

Features of Brofin Indian Loan Against Property

Loan amount :

You can avail loan an amount up to Rs.15 Lakhs, depending on the value of your property, your income and other factors.

Loan Tenure

Pay your loan over a tenure spread out over a longer period of time, depending on your convenience. The tenure ranges up to 84 months.

Interest Rate

Our Interest rates are very competitive and the best in the industry. Please contact our branches or the Department based at our Head Office for the same.

Eligibility Check

We offer the loan to individuals (members) only and it may be a Self Employed Professional, or a Self Employed Non Professional such as Shopkeepers, bakers, traders, manufactures, merchants etc.

Advantage

Risk free loan
Simple paper work
Easy and boost processing of loan
lowest documentations required
Low interested rate
Doorsteps Service Facility