You can apply for a loan against property if you possess a property and need funds for your business or personal use.

You may choose to take a loan against property to meet any capital needs towards business expansion, day-to-day working capital or personal needs. Since Overdraft/Cash Credit do not claim EMI, the liability carries on for an indefinite period. In loan against property, you can repay through regular EMI, it reduces the burden in an organized manner.

Yes, you can include your spouse or close family member (as per Capital India Home Loan policy norms) as a co-applicant. Even partners in a partnership firm and directors in corporates can be co-applicants. However, if the property is co-owned, all co-owners mandatorily need to be co-applicants.

Any residential or commercial immovable property owned by the applicant or co-applicants can serve as a security. The title to the property should be clear, marketable and free from any encumbrance. The security created on property shall be first and exclusive.

Loan against property is a cost-effective form of loan in terms of a low Interest rate as compared to an unsecured personal loan or business loan. This being a property-backed loan, its tenure is also quite high and similarly the quantum of the loan can also be high depending on the value of the property offered as collateral. A low interest rate and high tenure can make the EMI burden of a loan against property significantly low.

Availing a loan against property from Capital India Home loans is simple. Here is the 3-step process:

• Step 1: Application submission - Submit the loan application form with all the necessary documents.
• Step 2: Sanction - You get an approval for a specific loan amount based on your requirement, repayment capability and the value of the property.
• Step 3: Disbursement – The loan amount is disbursed considering the nature of the transaction. For balance transfer cases it will be favouring the existing financer, for self-consumption cases it will be favouring the borrower.

You can provide your self-occupied, rented, residential or commercial property (shop or office) as collateral.

Yes, prepayment of loan is possible subject to prepayment charges as mentioned in your Capital India Home Loan agreement or schedule of charges.

Yes, you can transfer your on-going loan against property to Capital India Home Loans to avail better loan terms.