Finfree Enterprises follows the Indian Government’s policies while processing a loan application, or for other finance-related services. However, different banks & NBFCs have different eligibility criteria to qualify for a personal loan with them. Listed below are the basic minimum eligibility criteria that are commonly considered by all the financial institutions in our network while providing personal loans to individuals.
The age limit for applying loan is 23 years – 58 years
The applicant should be a legal Indian resident
There should be a permanent address with 6 months stability
An active bank account should be present
Applicant should be earning regular income of >= 30K/Month
Maintain a good credit score of >700*
Having a home or a fixed property is a blessing and can be used as a financial assistance in more than one way. Your property can be used as an optimal crediting source by leveraging it and utilizing it up to its full potential by taking a loan against it. At Finfree Enterprises, you can easily apply for and avail best mortgage loans against property, and use the funds for any genuine personal uses like paying for educational fees, wedding expenses, medical emergencies, to expand your business, to buy any other additional property, etc., which may need a relatively larger amount of money than the personal loans.
Mortgage loans are secured loans in which an asset is placed as collateral with the financier, who will provide loans as per the value of the asset. The lenders will approve a loan amount depending on the value of the property placed as collateral. Although there are many types of mortgage loans, Finfree works to provide the Mortgage loans across India to our borrowers and help them overcome their financial crisis with ideal solutions and manageable repayment options.
We provide quick mortgage loans up to 75 lakhs* against residential property & commercial property at the most considerable interest rates with manageable repayment options. We understand how important your property is, and so, all your related documents will be in safe hands until complete loan disbursal & completion of the full repayment. Our financial team ensures that the complete process happens in a smooth and unstrained manner without any hurdles.
According to the current rate offered by our network of lenders, you can avail the home loan with lowest interest rates from 11.55% to 20.05%. With the lenders taking just 2-3 days’ time for the loan approval, you can get the loan approved once all your submitted documents are verified. You will get your money disbursed within no time.
Like the eligibility criteria, different banks need different documents for verification that proves the authenticity of the borrower. At Finfree Enterprises, along with a completely filled-in application form with a recent photograph, you may have to submit a couple of more documents, as needed by the financial institution with which you are applying for a mortgage loan. Mentioned below are a few documents that should be submitted for the verification process.
Identity Proof - Pan Card / Aadhaar Card / Voter ID card / Driving License / Passport Copy
Current Address Proof - Driving license/ Passport Copy/ Latest Gas Bill / Latest Property Tax Bill / Bank Passbook / Ration Card
Age Proof - Pan Card / Aadhaar Card / Voter ID card / Passport Copy / Any Other Statutory authority Certificate
Property Documents - All Documents Related To The Property Being Mortgaged
Bank Statement - Updated Latest 3 Months Statement
Company ID – For Employment Proof
Salary Slip – Last 3 Months
Form 16 – If Required
|Interest rates||11.55% to 20.05%|
|Processing fee||It ranges from 1% - 3% and differs according to the banks|
|Loan Tenure||3 years – 10 years|
|Loan Amount||₹ 10 lakhs - ₹ 75 lakhs|
|Lock-in period||It differs from the lender to lender|
|Pre-closure charges||It differs from the lender to lender|
|Guarantor Required||It depends on the different conditions|
At Finfree Enterprises, you can easily apply and avail suitable mortgage loans from our wide range of options to overcome your monetary crisis. Our team ensures that you, as a borrower will not have to go through the complicated processing methods, and have the application approved quickly with prompt transfer of the mortgage loan funds. Here are a few benefits of choosing mortgage loans from us.
Loan Quantum Of Up To 75 Lakhs*
Unrestricted Preconditions For Usage
Secure & Safe Handling Of Documents
Manageable Repayment Options
Considerable Interest Rates of 9.5% - 12%
Quick Processing & Approvals