Loan Against Property on Cash Rental Income | Solution4Finance

Understanding Loans Against Property on Cash Rental Income

Are you seeking financial flexibility by leveraging the cash rental income from your property? Look no further! A loan against property on cash rental income allows you to access funds by utilizing your rental earnings as collateral. This approach can be particularly advantageous if you prefer not to provide traditional income proofs.

How a Loan Against Property on Cash Rental Income Works

With a loan against property on cash rental income, you can unlock the potential of your rental earnings. This type of loan is designed for individuals who generate income through renting their property but might not have conventional income documentation. By leveraging this valuable asset, you can maximize your property’s value and tap into its hidden potential.

At Solution4Finance, we specialize in helping clients secure loans based on rental income, offering a streamlined process to ensure you can access the funds you need with minimal hassle.

Current Loan Rates and Criteria

Understanding the loan against property interest rate is crucial for making an informed decision. Here’s what you need to know:

• Loan rates for property against cash rental income start at 9.25%* in Gurgaon, Delhi, Faridabad.
• Solution4Finance is a leading secured loan provider in the Delhi NCR region.
• Loans start at 9.25% for self-employed cases with approved properties.
• Salaried individuals can expect rates between 9.35% to 11%*.
• We offer loans up to ₹3 Crore against residential, commercial, industrial, and plot properties.
• Eligibility requires a CIBIL score above 725, and we consider up to 3 business accounts.

Eligibility Criteria for Loans Against Property

To qualify for a loan against property on cash rental income, you need to meet the following criteria:

1. ABB (Average Monthly Balance) should be at least 2.5 times the EMI.
2. For residential properties, the Loan-to-Value (LTV) ratio is up to 80%.
3. Commercial and industrial properties have an LTV ratio of up to 75%.
4. Plots must be demarcated and authority-approved, with an LTV ratio of 60%.
5. ROI for plots is at 9.25%.
6. Expect fast approval within 36 hours.

Loan Against Property Without Income Proof

Unlock financial possibilities without traditional income proof through a loan against property. This innovative approach provides greater flexibility and convenience, allowing you to use your property’s equity for various financial needs, including business expansion and debt consolidation.

Frequently Asked Questions

Document Requirements

For a smooth application process, different document sets are required based on your employment status:

For Salaried Individuals

• Pan Card, Aadhar Card, 2 passport-sized photos, current address proof of applicant and co-applicant.

Income Documents:

• 6 months bank statement, last 2 years Form 16, and last 3 months salary slips.

For Self-Employed Individuals

• Pan Card, Aadhar Card, 2 passport-sized photos, current address proof of applicant and co-applicant.
• One year current A/C statement, last 3 years ITR, GST certificate, and one year GST returns.

For Private Limited Companies

• KYC of all partners, company Pan Card, MOA and AOA, shareholder pattern, list of directors.
• One year current A/C statement, GST certificate, GST returns for one year, office address proof, and last 3 years complete ITR.

Conclusion

Exploring a loan against property on cash rental income with Solution4Finance offers a practical solution to access funds without the need for traditional income proof. With competitive rates starting at 9.25%, we provide tailored financial solutions to meet your needs efficiently. Apply today and unlock the potential of your rental income for diverse financial requirements.

Call to Action

Ready to get started? Visit Solution4Finance to apply for your loan against property on cash rental income and benefit from our competitive rates and expert guidance.