Mortgage Your Property By Taking Loan Against Property Easily To Achieve Your Goal
Are you in Chennai and looking for a hassle-free way to access funds? Mortgage your property by taking a loan against property easily to achieve your goals. Khannan Finance provides expert service, offering a seamless process to secure a loan using the value of your property.
Whether it's for business expansion, participating in new tender, sampling for new orders, increasing productivity, administrative expenses, achieving business goals and more by loan against property can help you meet your financial objectives.
With Khannan Finance’s guidance, the loan process becomes simple and efficient. Enjoy fast approval, competitive interest rates, and flexible repayment terms tailored to your needs. By choosing Khannan Finance, you can unlock the potential of your property, helping you achieve your goals with ease.
Looking for a Mortgage Loan in Chennai? Contact Us for Expert Help!
If you need a mortgage loan in Chennai, Khannan Finance provides expert service tailored to your needs. Our team has extensive experience in assisting customers with securing the best mortgage rates, ensuring a hassle-free experience from start to finish. We understand that every financial situation is unique, which is why we present personalized finance solutions to help you achieve your homeownership goals.
Whether you are buying your first property or refinancing, Khannan Finance ensures that you receive the best support and guidance.
Trust Khannan Finance to make your mortgage loan process seamless, quick, and efficient. Get in touch today and let us help you with your mortgage loan in Chennai, tamil nadu.
Key Features of Loan Against Property in chennai
- High Loan Amount – Borrow a significant amount based on your property’s market value
- Flexible Repayment Tenure ⏳ – Choose a convenient tenure of up to 15 years for easy repayments
- Attractive Interest Rates 📉 – Lower interest rates compared to other secured loans
- Multiple Property Types Accepted 🏠 – Avail loans against residential and commercial, industrial properties
- Quick Loan Processing ⚡ – Fast approval and minimal paperwork for quicker disbursa
- Balance Transfer Facility 🔄 – Transfer your existing loan for better rates and terms
- No Restrictions on Usage ✅ – Use funds for any purpose, from medical expenses to home renovation
- Tax Benefits 🏦 – Potential tax deductions on interest paid under applicable tax sections
- No Prepayment Penalty 💸 – Repay the loan early without any additional fees or penalties
- Easy Eligibility Criteria 📋 – Simple documentation and eligibility requirements for faster approval
Who Can Apply for Loan Against Property in Chennai
Khannan Finance Expertise Services provides loan against property in Chennai for individuals and businesses. Salaried professionals, self-employed individuals, and corporate entities can apply. Applicants need stable income, ownership documents, and good financial records. Khannan Finance Expertise Services ensures quick processing with flexible terms, making it easier for eligible borrowers to access funds.
- Property Owners: Individuals who own residential, commercial, or industrial property.
- Self-Employed Professionals: Business owners or professionals with a steady income.
- Business Owners: Entrepreneurs seeking funding for business growth or operations.
- Co-Owners: Individuals who share ownership of the property can also apply jointly.
- Non-Residents: NRI applicants who own property in the country.
- Corporates or LLPs: Companies or limited liability partnerships owning property can apply.
- Salaried Individuals: Employees with a stable income and employment history.
Loan Against Property In Chennai Eligibility Criteria for Self-Employed Individuals
- Age Requirement 🎂 – Applicant should be between 25 to 65 years
- Business Stability 📈 – Minimum 3 years of continuous business operations
- Annual Turnover – Sufficient business income minimum 1cr & above to support loan repayment
- Property Ownership 🏢 – Property must be legally owned and free from dispute
- Property Type 🏠 – Both residential and commercial properties are accepted
- Credit Score 📊 – A strong credit history (700+ preferred) improves approval chance
- Existing Loan Obligations 💳 – Assessment of current EMIs and financial liabilities
- Location of Property 📍 – Property should be in an approved area as per lender policy
Loan Against Property In Chennai Eligibility Criteria for Salaried Individuals
- Age Requirement 🎂 – Applicant should be between 21 to 60 years
- Employment Stability 💼 – Minimum 3 years of continuous employment
- Income Criteria – Sufficient monthly income to support loan repayment
- Property Ownership 🏢 – Property must be legally owned and free from dispute
- Property Type 🏠 – Both residential and commercial properties are accepted
- Credit Score 📊 – A good credit history (700+ preferred) for better loan terms
- Existing Loan Obligations 💳 – Assessment of current EMIs and financial liabilitie
- Location of Property 📍 – Property should be in an approved area as per lender policy
Document Required Salaried Individuals for Loan Against Property In Chennai
Khannan Finance Expertise Services outlines the essential documents for salaried individuals applying for a loan against property in Chennai. Required documents include identity proof, income proof, address proof, property papers, and bank statements for a hassle-free mortgage loan in Chennai process.
- Application Form 📝 (Duly completed and signed)
- PAN Card 🆔 (Mandatory document)
- Identity Proof 📄 (Any one: Aadhaar Card, Driving License, Passport, Voter ID)
- Address Proof 🏠 (For both office & residence: Aadhaar Card, Passport, Driving License, Voter ID, Utility Bill)
- Ownership Proof 🏢 (Agreement Copy, Electricity Bill, Maintenance Bill, Municipal Tax Bill)
- Relationship Proof 👨👩👧 (Required if not evident from submitted KYC documents)
- Salary Slips 💼 (Latest 6 months)
- Form 16 📊 (Latest 2 financial year)
- Employment Proof 📑 (Required if current employer name differs from Form 16)
- Bank Statements 💳 (Latest 12 months reflecting salary credits and existing EMI repayments)
Document Required Self-Employed Individuals for Loan Against Property In Chennai
Securing a mortgage loan in Chennai is a great way for self-employed individuals to access funds by using property as collateral. However, there are specific documents required for self-employed individuals for loan against property in Chennai to ensure a smooth loan process.
- Application Form 📝 (Duly filled and signed)
- PAN Card 🆔 (Mandatory for Proprietor/Firm/Company)
- Identity Proof 📄 (Any one: Aadhaar Card, Driving License, Passport, Voter ID)
- Address Proof 🏠 (Office & Residence: Aadhaar Card, Utility Bill, Bank Statement/Passbook)
- Ownership Proof 🏢 (Agreement Copy, Electricity Bill, Maintenance Bill, Municipal Tax Bill)
- Business Continuity Proof 📜 (Shop & Establishment Certificate, GST Registration)
- Firm Constitution 🏛️ (MOA/AOA, Partnership Deed, GST Certificate, Form 32 for latest directors)
- Financial Documents - (Last 3 years audited financials, Tax Audit Reports, GST details, Loan breakup, Directors List & Shareholding Pattern)
- Existing Loan Details 📑 (Sanction letters with EMI-reflecting bank statements for last 1 year)
- Bank Statements 💳 (Last 1 year for business accounts)
Apply for Loan Against Property at Khannan Finance: Simple Steps
- Check Eligibility ✅ - Verify age, income, and property ownership
- Gather Documents 📑 - Collect ID, address, income, and property proofs.
- Calculate Loan Amount - Use the eligibility calculator for an estimate.
- Fill the Application Form ✍️ - Apply online.
- Submit Documents 📤 - Ensure all required docs are uploaded or handed over.
- Property Valuation 🏠 - Khannan Finance help you to assess your property’s value.
- Approval Process ✅ - Your application and property will be reviewed.
- Sign Agreement & Receive Funds 💵 - Sign the agreement and get the loan disbursed.
Contact Us
Business Loan
Access to capital is the major role of each & every business's success. Whether it is for expansion, inventory purchase, or any other operational need, having access to business loans is vital. However, not all businesses have the same requirements, and thus, a one-size-fits-all loan product may not always be suitable.
View more
Working Capital
We understand that working capital is critical for the success of any business. That's why we offer efficient ways to help our clients get the working capital they need to grow their business, optimize their operations, and take advantage of new opportunities.
View more
Project Finance
We offer efficient Project Finance services to eligible businesses looking to undertake new projects or expand their existing operations.
View more