Loan against Property

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LOAN AGAINST PROPERTY

Applying for a loan against property can be a great way to get access to funds while using your property as collateral. With KIFS Housing Finance Ltd, you can avail of hassle-free loans against your property at competitive interest rates.

Our tagline “LOAN WAHI JO AAPKE LIYE SAHI” reflects our commitment to provide our customers with loans that meet their specific needs. We believe that your property can be a great asset to help you achieve your financial goals, and we are dedicated to making this happen for you.

Loan Amounts:

With KIFS Housing Finance, you can borrow a Loan Against Property ranging from
1 lakh to 35 lakhs. Whether you are looking to expand your business, fund your child’s education, or finance a major expense, we have a loan against property that suits your needs.

Interest Rates:

We offer competitive interest rates that are tailored to meet the needs of both salaried and self-employed individuals. Our interest rates are as follows:

SALARIED

SELF EMPLOYED

Loan Tenure:

Our Home Loan tenure ranges from 1 to 20 years, depending on your needs and repayment capacity. We understand that buying a home is a long-term investment, and our Home Loan tenure is designed to make the repayment process flexible and affordable for you.

Documents Required:

We require the following documents to process your Home Loan application:
• Income Proof: Salary slips, bank statements, or Income Tax Returns (ITR) for the last three years.
• Identity Proof: Aadhar Card, Voter ID Card, Passport, or PAN Card.
• Age Proof: Birth Certificate, Passport, or Aadhar Card.
• Address Proof: Utility bills, Passport, or Aadhar Card.
• Employment Details: Appointment letter, salary slips, or employment certificate.
• Educational Proof: School/ Diploma/ Degree certificates.
• Bank Statements: Bank statements for the last six months.
• Property Details: If you have finalized the property on which the loan is applied.

Fees and Charges:

Once you have completed the formal application and document submission process, you need to pay a processing fee to maintain your loan account. Our processing fee for your home loan application is minimum and varies based on the loan amount.

At KIFS Housing Finance Ltd, we understand the importance of using your property to achieve your financial goals, and we are committed to helping you do so. Our team of experienced professionals will guide you through the entire loan against property process, from application to disbursement, ensuring that your experience is stress-free and hassle-free.

Apply for a Loan Against Property online with KIFS Housing Finance Ltd today and take the first step towards fulfilling your financial goals!

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Approach for gradation of risk: The risk premium will be decided on a case to case basis as decided by the KIFSHFL. The approach for gradation of risk is based on factors such as nature of loan, credit worthiness of the borrower, nature of security, nature of the Product, type of asset being financed, borrower profile, repayment capacity, borrower’s other financial commitments, past repayment, tenure of the loan, geography (location) of the borrower, end use of the loan as represented by the underlying asset etc. Such information is collated based on the borrowers input, credit bureau and field inspection by the KIFSHFL officials. While deciding the interest rate and other charges, the rate offered by the Competitors in the market would also be taken into consideration. Please refer website for updated detail of rate of interest