We create value to your property
Although it is one of the variants of Personal loans, mortgage loans, also known as loan against property (LAP), are one of the most common secured loans that is offered by the banks and other financing institutions, in which the property or fixed asset is placed as collateral with the lender until the loan is paid off successfully. Even though the property is mortgaged with the lender, the borrower is still allowed to use the property for themselves.
At Finfree Enterprises, these loans can be easily availed from reputable providers of Mortgage loans in Hyderabad and across India, who constitute the prominent banks & NBFCs from our network.
If you are going through a financial crunch and need quick fiscal assistance, you are at the right place.
Check your qualifying criteria and if you are eligible, submit a filled-in loan application form along with all the required details & documents
We will provide quotes from different financiers in regard to your loan request and you can compare your options to choose the most preferable one
Once you choose the preferred loan option, we will carry forward the process with the financier and you can have your funds at the earliest in your bank account
We follow the Indian Government’s policies while processing a loan application, or for other finance-related services. To get a loan from the financiers of Finfree enterprises, you should meet the following eligibility criteria
Age – Minimum 23 yrs – Maximum 58 yrs
Residency – Should Be A Legal Indian Resident
Residential Address – Should Have A Permanent Address With 6 Months Stability
Bank Account – Should Have An Active Bank Account
Income – Stable Employment With Regular Income of >= 30K/Month In Active Bank Account
CIBIL Scores – Score Of >700 With A Good Credit Record*
Mortgage loans are supposedly one of the quick personal loans that can be availed when you need to borrow larger amounts of money.
They are secured loans in which a property, usually a residential home or commercial property is placed as collateral with the lender. Since it is a secured loan, the imposed interest rates will be relatively lesser than the other unsecured loans.
These cost-effective loans can be availed easily by mortgaging your property with reputable lenders of mortgage loans in Hyderabad and India and can be repaid conveniently. The funds from these mortgage loans can be used for various unrestricted personal purposes. Also, you can continue to use the mortgaged property while you still repaying the loan and reap the benefits of owning the property.
INR 50,00,000/- taken as a loan amount over a loan tenure of 120-months (10 years) at an annual interest rate of 11%* will have a total payback amount of Rs. 82,65,001/- with a total payable interest amount of Rs. 32,65,001/- and a monthly EMI of 68,875/-.
Finfree Enterprises is a financial advisory platform in Hyderabad, Telangana that connects creditworthy borrowers with trustworthy financial institutions like the banks & NBFCs, to provide suitable fundraising options for individual applicants & for businesses across India, at the most considerable interest rates. The finally imposed interest rates will be dependent on various aspects like the borrowing loan amount, loan type, loan tenure, borrower’s credit score, financial record, employment details, income, and other relevant factors. The borrowed loan amount will have to be paid back as per the scheduled repayment plan, as decided by the borrower & the financier.
You will need to submit the following documents to be eligible for applying a suitable loan with us for verification purposes.
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
Bank Statement - Updated Latest 3 Months Statement
Company ID – For Employment Proof
Salary Slip - Last 3 Months
Form 16 - If Required