Loan Against Property Provider Banks in Pune
Loan against Property is the best and low interest rate Loan available in India, if you have a Property that can be lend. The Property can be a Plot, or a home, or a farm land. Almost all the Public Sector and Private Sector Banks in India provide Property Loans. Also, these banks provide Property Loans at competitive interest rates with the preference of Fixed Interest Rates and Floating Interest Rates Schemes. Banks takes the charge of property at the time of loan disbursal.Property Loans are considered the most secured form of Loan with low interest rates. If you wish to take a Property Loan in Pune, there are several banks and Non-Banking Financial Companies (NFBC’s) that offers Personal Loans with special deals.
Public Sector Banks :
The Public Sector Banks of India provides Property Loan at an interest rates as low as 11% in reducing balance. Loan approval takes a minimum of 15-20 days if all the document processing takes well in time in Public Sector Banks. The major PSU Banks that offers Property Loan in Pune:
• State Bank of India(SBI)
• Bank of Maharashtra
• Bank of India(BOI)
• IDBI Bank
• Union Bank of India
• Bank of Baroda
• Central Bank
• All Regional Banks including Punjab and Sind Bank, State Bank of Hyderabad, State Bank of Travancore and others.
Private Sector Banks :
The Private Sector Banks offers Property Loans at interest rates slightly higher than those offered by Public Sector Banks. Private Sector Banks offering Loan against Property gets approved in a lesser time. Almost 15 Private Sector Banks provides Property Loan in India. The Private Sector Banks in India that offers Loan against Property:
• ICICI Bank
• HDFC Bank and HDFC Bank Limited
• Axis Bank
• Kotak Mahindra Bank
• ING Vyasa Bank
• Yes Bank and others.
Non-Banking Financial Companies (NFBC’s) :
The main advantage of taking Property Loans from these Non-Banking Financing Company is that they provide speedy processing and disbursal of Loans. The rate of interest offered by NFBC’s is 13% to 17% in market. There are nearly 30 NFBC’s that offers Property Loans in India.
• Reliance Capital
• Bajaj Finnace
• Fullerton India
• Religare Finance and many more.