In this video, we are going to show you everything you need to know about MORTGAGE LOAN and LOAN AGAINST PROPERTY (LAP) in Hindi.

We will discuss different topics like, what is Mortgage Loan or Loan Against Property, categories of Mortgage Loan, Mortgage Loan Interest rates, documents required for Mortgage Loan, process of Mortgage Loan, all about Mortgage Loan application form, how to apply for Mortgage loan or Loan against Property.

At start, we have discussed two important parameters of Mortgage Loan or Loan against Property.

(1) Type of Property and Property Market Value.
There are 4 types of Property.
- Residential
- Commercial
- Industrial and
- Open Plot
There are 3 sub-categories as well like Self occupied, Rented and Vacant.

Mortgage Loan is possible in all of these properties.
Bank/NBFC will give Loan by evaluating “Loan to Value Ratio (LTV)”.
LTV indicates maximum loan possible against Market value of property. We have discussed LTV in detail.

(2) Income
Bank/NBFC will calculate your income from one of the 3 programs.
• Normal Program
• Liquid Income Program (LIP) and
• No Income Program (NIP)

By studying these 2 parameters, bank will decide your Mortgage Loan amount. We have also discussed Mortgage Loan Tips like “Importance of Proper End use” and “Importance of comparing multiple banks.

LIST OF BASIC DOCUMENTS:
For Self Employed:
1. Proof of identity i.e. Self-certified copy of Voter’s ID card / Driving License / PAN Card / Aadhaar Card / Passport / Photo Ids, issued by Govt. authority etc.
2. Proof of Residence i.e. Recent telephone bill / Electricity bill / Property tax receipt / Voter’s ID card / Aadhaar Card / Passport of Individual / Proprietor / Partners, Certificate issued by Govt. Authority/Local Panchayat / Municipality etc.
3. Applicant’s Recent Photograph (2 copies) not older than 6 months.
4. Proof of Identity / Address of the Business Enterprise.
5. Statement of Savings Account from the existing Banker, for the last 1 year.
6. Existing Loans sanction letters.
7. Last 1-year current account statement.
8. Full Property File with Plan, permission and completion.

For Salaried:
1. Proof of identity i.e. Self-certified copy of Voter’s ID card / Driving License / PAN Card / Aadhaar Card / Passport / Photo Ids, issued by Govt. authority etc.
2. Proof of Residence i.e. Recent telephone bill / Electricity bill / Property tax receipt / Voter’s ID card / Aadhaar Card / Passport of Individual / Proprietor / Partners, Certificate issued by Govt. Authority/Local Panchayat / Municipality etc.
3. Applicant’s Recent Photograph (2 copies) not older than 6 months.
4. Statement of Savings Account from the existing Banker, for the last 1 year.
5. Last 6 months salary slip.
6. Last 2 years Form-16.
7. Full Property File with Plan, permission and completion.

In short, we have explained these topics like:
What is Mortgage loan?
What is Loan Against property?
What is the meaning of Mortgage loan?
What are the advantages and disadvantages of taking a Mortgage Loan?
Which properties are required for getting Mortgage Loan?
What is the process of taking a Mortgage Loan?
What are the eligibility requirements for taking Loan Against property?
What documents are required for getting Loan Against property?
What are the advantages and disadvantages of Loan Against property?
How to get Loan Against property?
How to calculate loan eligibility for Loan Against property?
For which purposes you can take Loan Against property? and
What are the interest rates for Loan Against property?

You can also check out these related videos:
Pradhan Mantri Awas Yojana- PMAY (Home Loan Subsidy): [ Ссылка ]
Mudra Loan: [ Ссылка ]
Home Loan: [ Ссылка ]
5 important things to consider before taking loan: [ Ссылка ]
Personal Loan/ Business Loan: [ Ссылка ]

If you're looking to know more about Loan, Subsidy and Government Schemes and all other important updates regarding loan, make sure to subscribe to our YouTube channel.

Facebook page: [ Ссылка ]
Website: www.redpostloan.com

свернуть