• Facebook
  • Twitter
  • Linkedin
  • Gogle Plus
+91 9916 740 560 / +91 9916 740 909

Mortgage Loan

Home   /   Mortgage Loan

Why Profit Tantra ?

  • Transparent Advise / Qucik loan process
  • Tie up with all leading banks including SBI / LIC / ICICI /HDFC and many more
  • Best service guaranteed
  • Dedicated relationship manager
  • Balance transfer of existing loan at lower rates
  • Higher tenure and adittional topups on Mortgage loan
  • Above all Profit Tantra assurance of best rate guaranteed
At Profit Tantra Financial Services we help our clients to get Mortgage loans with advantages of :
  • Lowest interest rate available in the industry
  • Higher tenure
  • Additional topup on Mortgage loans or Home loans

Check what our customers have to say about us : 4.5/5 : Highest ratings in fianancial services category in banaglore click here

Balance Transfer from other banks :

Get top up loans on balance transfers from other banks at lower interest
Top up to 100% of sanction based on value of the property
Maximum loan tenure of 15 years

Loan Against Property

Loan Against Property is the perfect way to unlock the hidden value of your property. This multi-purpose loan puts funds at your disposal to use as per your wish.
And the best part is that the loan is available at a reasonable rate which makes it easy to repay comfortably over as many as 15 years.
Loan Against Property can be used for many purposes such as for the expansion of your business, children’s marriage, for higher studies, funding a dream vacation, etc.

Lease rental discounting

Lease Rental Discounting helps you to raise funds against future expected rentals of self-owned commercial property. The property should be occupied by the Lessee. Similar to Home Equity Loans, LRD can be provided for various personal requirements of the customer such as marriage, children’s education, business expansion, purchase of property (Where mortgage is not possible), etc.

Apna Office / Loan for Professionals

Qualification :
Professionally qualified Resident Indian Professionals. Loans can also be Sanctioned to Company or Partnership Firm of such Professionals.
Profesions like :

  • Applicants should be Practicing Professionals like Doctors (Min. MBBS / BDS), Engineers (Degree holders), Architects (Degree holders), CA / CS / CWA, & Mgmt. Cons. (min. MBA).
  • Partnership Firm / Company of such Professionals

Purpose :
Financing to well settled Professionals for Purchase / Extension / Modification / Renovation of Premises for carrying on their own Professional Practice & Purchase of Equipments on the basis of Projected Income & Cash Flow
The Applicant has to provide Project report along with Projected Cash Flow for Full Term of the Loan, along with Assumptions on the basis of which Projections have been made
Other conditions :

  • Term : Maximum : 10 yrs
  • LTV : 80 % of Cost of land + Building
  • Minimum Loan – 50 lakhs
  • Maximum Loan : NO LIMIT

Eligibility

  • i) Equitable / Registered Mortgage of the Premise
  • ii) If Loan is raised for Financing of Equipments, Equitable / Registered Mortgage of the Premises where the Equipments will be installed is must. Age of the Property should not be more than 15 Years. Residual Life of the Property to be Minimum 20 Years.
  • iiI) Demand Promissory Note.
  • iv) Personal Guarantee of Directors / Partners, as Applicable.
  • v) In case of Companies, Registration of Charge in R.O.C.

B Khata House Mortgage:

B Khata mortgage loan -are provided by the banks depending on following criteria, also please note below criteria will influence your rate of interest also :
  • Location of the property
  • How old is the building
  • Plan copy is available or not
  • Is any collateral property provided with the B-khata property

As there are many points need to be considered before applying for a B khata property its advisable to fix and appointment or speak to our expert for transparent opinion and various option available with you related which are the bank which can give loans and competitive rates which can be offered by the banks.

B Khata Land Mortgage :

B Khata mortgage loan -are provided by the banks depending on following criteria, also please note below criteria will influence your rate of interest also :
  • Location of the property
  • How old is the building
  • Plan copy is available or not
  • Is any collateral property provided with the B-khata property

As there are many points need to be considered before applying for a B khata property its advisable to fix and appointment or speak to our expert for transparent opinion and various option available with you related which are the bank which can give loans and competitive rates which can be offered by the banks.

Documents Required for Mortgage loan :

To avail mortgage loan/ finance against property below procedure is followed by banks/ financial institutions :

1. Duly filled application form with KYC documents of the owner of the property

  • Application form duly filled in along with :
  • One passport size photograph of the applicant/co-applicants
  • Age Proof.
  • Address Proof of Residential &Office.

2. Income documents are collected
In case of salaried employee :

  • Form 16 of last 2 years
  • 3 months pay slip in which salary is credited
  • 6 months bank statement
  • Offer letter / increment letter in case of any increments

In case of self employed professional / Non professional :

  • Income Tax Returns for the past 3 years duly certified by a Chartered Accountant and duly acknowledged by IT authorities.
  • Audited 3years Balance Sheets and Profit & Loss account.
  • 3years form 3CD&3CB
  • State Sales Tax /Central Sales Tax Registration No. or any other certificate for licensing business
  • Photocopies of Advance Tax payments/Vat Returns.
  • Provisional P&L Account for the current financial years

3. Full set of property documents

  • Mother Deed,
  • Sale Deed,
  • Sale Agreement,
  • Khatha Certificate & Khatha Extract,
  • EC for the period of 13 years (Till Date),
  • Tax paid receipts for year 2012-13
  • Approved Plan,

4. Login cheque in the name of the bank for initiating legal verification of documents and valuation of the property
Can I transfer my existing loan to other bank who is offering me lower rate of interest :
Yes loan can be transferred to a bank which is providing lower rate of interest.
Additional documents required for a existing loan transfer are :

  • Sanction letter from Existing bank
  • List of documents in the Existing bank also known as LOD.
  • Existing Loan A/c Statements

Mortgage Loan Interest Rates 2016: (Last updated on 25 February 2016)

Bank Name ICICI Bank LIC Housing Finance Ltd Kotak Mahindra Bank HDFC Axis IDBI Bank
Intt Rate 11.5% to 11.75% 11.95% 11.75% to 12.75% 11.3% to 12.80% 11.75% to 12.75% 11.25% to 11.75%

Mortgage Loan Checklist

Click Here