| Banks / NBFCs | Interest Rates | Tenure | Processing Fees |
| HDFC Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| ICICI Bank | Starting 9.40% & Above | Maximum 15 years | 0.75% |
| Kotak Mahindra Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| Axis Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| IDFC Bank | Starting 9.40% & Above | Maximum 20 years | 1% |
| Standard Chartered Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| Deutsche Bank | Starting 9.40% & Above | Maximum 15 years | 0.75% |
| Bajaj Finance | Starting 9.75% & Above | Maximum 15 years | 1% |
| L&T Finance | Starting 9.75% & Above | Maximum 15 years | 1% |
| India Bulls | Starting 10.5% & Above | Maximum 15 years | 1% |
| RBL Bank | Starting 9.50% & Above | Maximum 15 years | 1% |
| Hero Fincorp | Starting 11% & Above | Maximum 15 years | 1% |
| HDB Finance | Starting 9.75% & Above | Maximum 15 years | 1% |
| HSBC | Starting 9.5% & Above | Maximum 15 years | 0.50% |
| Shinhan Bank | Starting 9.10% & Above | Maximum 15 years | 0.50% |
| AU Small Finance Bank | Starting 10% & Above | Maximum 15 years | 1% |
Guwahati, the largest city in Assam and a rapidly advancing urban centre in Northeastern India, is positioned on the Brahmaputra River’s southern bank. Known as the “City of Eastern Light,” it’s among the fastest-growing cities, linking northeastern states through its riverine port.
Guwahati boasts a rich history, showcased in monuments, museums, markets, wildlife sanctuaries, and temples like Kamakhya and Umananda. The fusion of modernity and cosmopolitan culture in Dispur, the political capital, sets Guwahati apart. Property owners enjoy easy access to OneNDF Loan Against Property in Guwahati during financial uncertainties.
Economy of Guwahati
Guwahati, Assam’s central hub, boasts diverse industries, notably the thriving tea economy, with significant roles in trading and processing. The city houses essential oil refineries, highlighting its presence in petroleum and natural gas sectors.
Beyond industry, Guwahati stands as a hub for traditional silk and cotton textiles, with a rich cultural heritage driving its tourism sector. Alongside major industries, the city hosts small-scale businesses in electronics, plastics, pharmaceuticals, and food production, contributing to its economic dynamism.
Features & Benefits of Loan Against Property
1. Mortgage loan amount:
You could get anywhere from INR 20 lakh to INR 7.5 crore, depending on how much your property is worth and other things that make you eligible.
2. Low-Interest Rate:
Get the best deal on interest rates with OneNDF Loans, so you can easily afford and efficiently finance your property.
3. Loan-to-Value Ratio:
You can get a Loan-to-Value (LTV) Ratio of up to 75% of your property’s value, giving you enough money to meet your goals and allowing you to borrow more based on your property’s worth.
4. Hassle-free Documentation:
Make the loan application process easier with OneNDF Loans, as we guarantee hassle-free paperwork for your convenience.
5. Tenure:
The LAP repayment period can be as long as 15 years, making it easier for borrowers to comfortably pay off their EMIs.
6. Easy Repayment & Longer Tenure:
Get flexible repayment options and a longer loan duration with OneNDF Loans, making it easier for you to manage your finances.
Also Read: Benefits of Loan Against Property
Loan Against Property EMI Calculator
Eligibility Criteria for Loan Against Property
To avail of a Loan Against Property in Guwahati, the borrower must fulfil the following eligibility criteria:
| Particulars | Requirement |
| Citizenship | The applicant must hold an Indian citizenship. |
| Age | The borrower must be at least 25 years old, and the maximum age must not be more than 75 years old at the time of loan maturity. |
| Nature of work for salaried applicants | Salaried Employee of an MNC, public sector or private sector with stable income |
| Business Vintage for self- applicant | The business must be at least 3 years old if applicable |
| Credit Score | Both the promoter and the business must have a good credit score of more than 700. The credit score of co-applicants is also checked wherever applicable. The credit score has a crucial role to play in determining the creditworthiness of the borrower. It determines the limit of the lender’s credit exposure based on the repayment history of the business. |
Documents Required to Apply for a Loan Against Property (LAP)
The documents required for a Loan Against Property in Guwahati may vary. However, the following documents are usually sought by banks and NBFCs for a Loan Against Property in Guwahati:
- Application form with a recent photograph
- Passport copy, voter ID card, driver’s license, PAN card or any other proof of identity.
- Address proof as such passport, utility bills, driving license etc.
- Age proof as such bank statement, bank passbook, or other certificate from a statutory authority.
- Bank statement of last 6 months or last 6 months’ salary slips.
- Form 16
- Income tax returns of last 3 years
- Processing fee cheque
Also Read: Detailed List of documents required for loan against property
Additional documents for self-employed and SMEs for Loan Against Property
- For self-employed: CA attested income statements and other financials of past 2 years.
- For SMEs: last 2 years financial audited.
Interest rates on Loan Against Property
The interest rates on a Loan Against Property in Guwahati can vary from lender to lender. However, here is an overview of the interest rates and charges on various types of Loan Against Property in Guwahati:
| Fees & Charges | Amount Chargeable on LAP |
| Interest Rate | Starting from 8.75% P.A. |
| Loan Amount | ₹30 Lakh to ₹ 100 Cr |
| Loan Processing Charges | Minimum Processing fee is 1%+ GST |
| Foreclosure Charges | Pre-Payment is not allowed within 12 months of loan sanction After 12 months, pre-payment charges will be applicable as described in the sanction letter |
Also Read: What is the Fees and Charges of Loan Against Property
How to apply for a Loan Against Property in Guwahati through OneNDF
The process of applying for a Loan Against Property in Guwahati may differ based on the type of Loan Against Property availed.
OneNDF streamlines this process by allowing individuals to apply for Loan Against Property online and match with lenders according to their unique Loan Against Property requirements:
- Open the official website of OneNDF and SIGN UP.
- You can register by entering your mobile number and clicking on ‘Next’.
- You would receive an OTP, through which you can authenticate your identity.
- Once authenticated with OTP, you can upload your documents and apply for a Loan Against Property at attractive interest rates as per your requirements.
- Once the loan application form is submitted, the platform connects you with the best lender available as per your requirements. It helps you get a Loan Against Property at a competitive interest rate.
FAQs
Q.1 What is the minimum and maximum age requirement for borrowers if they take a loan against property from OneNDF in Guwahati?
The borrower must be at least 25 years old, with a maximum age of 75 years at the time of loan maturity.
Q.2 What is the nature of work requirement for salaried applicants in Guwahati?
Salaried employees of an MNC, public sector, or private sector with stable income are eligible.
Q.3 What are the essential documents required for a Loan Against Property in Guwahati?
Documents include passport, ID proofs, age verification, bank statements, income tax returns, and additional documents for self-employed and SMEs.
Q.4 Are there processing fees for Loan Against Property in Guwahati, and what is the range?
Yes, processing fees usually range between 0.5% and 2%, and they are non-refundable.
Q.5 What is the mortgage loan amount offered in Guwahati by OneNDF?
You can get anywhere from INR 30 lakh to INR 100 crore, depending on your property’s value and eligibility.
