SVC Co-Operative Bank - 9.60% for Loan Against Property - Loan Against Commercial Property

SVC Co- Operative Bank loan Against Property:

SVC Co-Operative Bank Limited caters to a wide group of customers and offers loan against property that suit their needs.

The loans are offered by the bank at attractive interest rates which starts at 9.25% p.a.* and comes with long repayment tenures.

Interest Rate	9.25% p.a. onwards*
Processing Fee	Up to 1% of the sanctioned loan amount
Loan Tenure	15 years

 

Key Features of SVC Co- Operative Bank Loan Against Property:

1. Attractive home loan options.

2. Balance transfer facility.

3. Simplified documentation.

4. Doorstep service with fastest process.

5. No hidden charges

 

SVC Co- Operative Bank Loan Against Property Interest Depends Upon:

1. Your Salary:

Income helps you in identifying your rate of interest.

Bank's rate varies with your monthly income.

Higher the income, lesser will be the rate

 

2. Type of loan opted for:

SVC Co- Operative Bank loan against property also offers differential rates for women borrowers and also under their fixed and floating rate schemes.

The rate of interest may be higher or lower under their special or popular loan product offers.

 

3. Existing bank customers:

SVC Co- Operative Bank loan against property offers one of the lowest loan against property rates to its existing bank account customers in view of their past relationship with the bank.

 

SVC Co- Operative Bank Against Property : Apply

If you want to get a loan against property from SVC Co- Operative Bank, the process to get the loan is fairly easy.

All you need to do is to apply for a home loan at APNARUPEE.COM we are a channel partner of all top banks in India including HDFC, SBI, Axis Bank etc.

Your loan application will be processed SVC Co- Operative Bank representatives will get in touch to begin the process of getting a home loan.

You will also be assisted by APNARUPEE.COM housing loan advisor to ensure that all the lending process is smooth, quick and you get the best house loan from SVC Co- Operative Bank Loan Against Property.

You can also do a comparison of SVC Co- Operative Bank – Loan Against Property Interest rates and other charges using APNARUPEE.COM comparison tool.

 

SVC Co- Operative Bank Loan Against Property Documents:

For Salaried employees:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

6. Income Documents – 6 months’ pay slip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit.

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

For Self-Employed:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

5. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile.

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

Frequently Asked Questions:

Q. Who can be a co-applicant for my loan against property?

Ans. Any immediate family member – your parents, spouse, earning children, or siblings – is permitted to be a co-applicant for a loan.

Adding a co-applicant will increase your loan eligibility as the income of the co-applicants will also be considered while determining the eligible loan amount.

 

Q. How do I increase my eligibility for the loan?

Ans. You can increase your eligibility by any one or more of the following ways: adding a co-applicant, declaring other sources of income, repaying all your existing loans, or even by opting for a longer tenure.

 

Q. Can I take a LAP against the rented property?

Ans. Yes, LAP can be availed on a rented property.Though, the LTV ratio may differ in this case.

 

Q. Can I take a top – up loan on my existing Lap?

Ans. Yes, if you paid your EMI dues on time, you can avail of top up loan on the existing lap.