Loans against property are one of the most common types of loans available. These loans allow you to use your property as security against the loan. This means you can use your home’s equity to borrow money. You can use the money to finance a renovation, pay off high-interest debt, start a business, or meet a financial need. If you take out a loan against your property, you will have to make regular payments on the loan, just like you do with any other type of loan. If you do not make the payments, the lender can take possession of the property. This can lead to you becoming homeless if you are not careful.

The loan amount is based on the value of your real estate as assessed by a third-party assessor. To avail of this facility, you need to meet certain eligibility criteria and furnish specific documents.
Some benefits of Loan Against Property

A loan against property is a better option compared to other types of funding due to certain advantages that they have compared to others.
• You don’t have to worry about bad credit history, you can still secure a loan from a reliable financial institution.
• There are flexible repayment terms, so you don’t have to worry about paying off your loan in one go.
• You can reduce the interest that you pay on the loan by using the equity in your property.
• You can use the money from the loan to pay off high-interest debt, finance a renovation, or meet a financial need.

Features of Hero Fincorp Loan Against Property

The features include the following:
- Flexible Loan Terms
Hero Fincorp offers flexible terms and a wide range of loan tenures. Applicants can take up a loan against property for as low as Rs 5 lakhs with a repayment tenure of up to 20 years.
- Easy Documentation
To avail of a loan against property at Hero Fincorp, all you need is a valid ownership document of the property (like a deed of ownership) and a valid ID proof. The properties you intend to use as collateral must be well documented and prove without a doubt that they are yours. You will also need supporting documentation that proves your income and expenses, which is the foundation of most lending decisions.
If assets are titled under another name such as a trust, corporation, or partnership; you will also need those documents to support them as well.

- You don’t have to worry about being able to pay off your loan in one go.
- They have flexible repayment terms, so you can make your payments monthly or quarterly.
- They have a robust online presence, with a well-designed website and an easy-to-navigate digital interface.
- Hero Fincorp has a robust network of more than 100 branches, so you do not have to worry about travelling to a branch to submit your documents.
Hero Fincorp is one of the most reliable financial institutions when it comes to taking a loan against property. They have a robust digital presence with a wide network of branches, as well as an online portal (https://www.herofincorp.com/).

Contact Us & Send Query-

Hero FinCorp Limited

09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel. 18001024145

Email Id: [email protected]
Website- https://www.herofincorp.com/

URL- https://www.herofincorp.com/loan-against-property
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