• Choose loan Amount

    Pick the loan amount as per the need and convenience and proceed to the next step.

  • Decide Loan Tenure

    Based on the amount of loan, pick you best loan tenure.

  • Calculate Loan EMI

    Calculate your monthly EMIs based on the loan amount applied for.

Loan Against Property EMI Caculator

Loan Amount
Tenure (Months)
Interest Rate

Equated Monthly Installment (EMI) will be 55,000

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  • Overview
  • Features and Benefits
  • Eligibility & Documentation
  • Interest Rates and Charges

Overview

Loan Against Property

For the purpose of funding your existing business, or for starting a new business or for planning to fund the education of your child or their marriage, loan against property has been the most sought after debt financing given by VIG K Finance. The rate of interest on these loans is comparatively lower in comparison to the personal loan.

The applicant can apply for the loan up to 60% of the property value. At the same time, as the processing of the loan is very fast with very minimal documentation, most of the millennials have found this loan option appealing. The loan can be given for a period of 5 years to 15 years as per the requirement of the applicant.

Loan Against Property

Features and Benefits

Loan Against Property – Features & Benefits
  • Optimized Lending: Against the property as mortgage, the applicant can apply for loans up to 3.5 crore for business person, and for professionals, it is 1 crore.
  • Fast Loan Disbursal: The loan disbursal process is very fast.
Loan Against Property

Eligibility & Documentation

FOR BUSINESS
  • Last 2 years’ certified financial statements
  • Residence proof
  • Proof of age and identity
  • Business Existence Proof
  • Last 6 months’ bank statements
  • Copy of partnership deed (if any) or 
    Memorandum and Articles of Association.
  • Passport Size Photograph
Loan Against Property
FOR EMPLOYED
  • Residence proof
  • Proof of age and identity
  • Last 6 months’ bank statements
  • Last 3 months’ salary Slips
  • Last 2 years’ Form 16
  • Passport size photograph
FOR PROFESSIONALS
  • Last 2 years’ certified financial statements
  • Residence proof
  • Proof of age and identity
  • Business Existence Proof
  • Last 6 months’ bank statements
  • Copy of partnership deed (if any)
  • Passport Size Photograph

Interest Rates and Charges

  • Depends upon documents, credit score and credit history
Why Choose VIG K Finance for Loan Against Property?

VIG K Finance has been innovating and integrating technology in the loan lending process. As a result, documentation and other formalities are simplified. At VIG K Finance, you get the following benefits:

  • Legal and technical advice by experts
  • Transparency in processing
  • Door step service
  • What is Loan against Property?

    Debt taken in lieu of property is called loan against property. In the loan acquisition process, constructed, semi constructed, construction in progress, land and building mortgage. Every aspect would be considered.

  • Who can avail Loan against Property?

    Indian resident, companies and sole proprietors can apply for loan against property.

  • What is the maximum possible tenure?

    The maximum tenure is for 15 years.

  • What is ‘Loan to Value’?
    It is the ratio to explain the loan in respect of the asset mortgaged. It is generally in between 50% to 65% of the asset value.
  • How long will it take for my loan to get approved?

    The minimum time period is 3 working days.

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