Getting a loan in India has become quick and convenient for borrowers. If you own a property under your name, you can apply for an lap loan. The loan is designed to help you get access to a high loan amount at low interest rate. Hero FinCorp is a reliable financial institution in the country that has a strong presence across the length and breadth of the country. The professionals cater to the needs of all individuals and strive to turn your dreams into a reality.

Hero FinCorp offers a loan against property and will give access to funds to meet your needs. It is important that you have the property under your name and if there are co owners to the property, they will become co-applicants for the loan. The loan application procedure is simple and straight forward. All you have to do is submit the online application and upload scanned copies of the documents. You will have to hypothecate the property with the lender who will hire a market valuer to estimate the market value of the property. Based on this, the loan amount will be decided. Hence, if you already know the market value of the property, you will be able to estimate the amount of funds you can get. Most lenders offer a loan for about 65% value of the property.

Since you hypothecate an asset with the lender, the risk is low and the interest rate will also be low. Hence, the repayment will become convenient and easier for you. It helps to prepare a repayment schedule when you apply for the loan. In an lap loan, you must make the EMI payment on time. If you fail to do so, the lender has the right to obtain possession of the property and auction it to recover the outstanding amount. Hence, you could lose your property if you do not make the payment on time.

Hero FinCorp has a quick processing and approval that will give you funds right when you need them. The customer executives will be happy to help you throughout the loan application procedure and will ensure that you are aware of the terms and conditions of the loan. Hero FinCorp offers many loan products for your personal and professional needs. You can choose from the two wheeler loan, used car loan, loan against property, unsecured loan, machinery loan, doctor loan and more.

Remember to use the EMI calculator when you apply for the loan. It only requires you to provide the loan amount and tenure. Based on this information, you can get a quick estimate. With lap loan, it is easier to make the repayment as the interest rate is low and the repayment tenure is long and flexible. However, you can ask for a longer tenure if you think that the EMI amount is very high. Speak to the customer executives who will help you with the same and will ensure that the terms meet your needs.

Contact Us & Send Query-

Hero FinCorp Limited
09, Basant Lok, Vasant Vihar, New Delhi – 11005

Tel. 18001024145
Email Id: [email protected]

Website - https://www.herofincorp.com/
URL- https://www.herofincorp.com/loan-against-property


https://www.facebook.com/herofincorpofficial/
https://twitter.com/herofincorpltd
https://www.linkedin.com/company/hero-fincorp-ltd/