| 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% |
Jaipur, renowned as the “Pink City,” stands as a captivating blend of beauty and cultural heritage within India. Established in November 1727 by the courageous Hindu ruler Maharaja Sawai Jai Singh II, the city derives its name from this visionary leader. Situated in Northern India, The city is officially the capital of Rajasthan, as well as the largest city within the state.
The economy of Jaipur
Jaipur, beyond its status as a provincial capital and educational hub, has a diverse economy driven by several key sectors. Notably, tourism plays a major role, drawing visitors to its beautiful forts and gardens.
Additionally, Jaipur survives on gemstone cutting, jewelry manufacturing, and luxury textile production. The city also has been witnessing a growing demand in the information technology sector, making it a business-friendly state.
Jaipur serves as a focal point for trade promotion, hosting the offices of prominent organisations such as the Federation of Indian Chambers of Commerce & Industry (FICCI), the PHD Chamber of Commerce and Industry (PHDCCI), and the Confederation of Indian Industry (CII).
Not to forget, Jaipur stands as a major centre for arts and crafts, hosting distinct traditional shops offering a wide range of products such as antiques, jewellery, handicrafts, gems, textiles, leather goods, and metalwork. This traditional artisanal sector adds to Jaipur’s allure and reinforces its position as one of India’s foremost manufacturing hubs and cultural destinations.
Features & Benefits of Loan Against Property
1. Mortgage loan amount:
You could get anywhere from INR 30 lakh to INR 100 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 Jaipur, 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
The documents required for a Loan Against Property in Jaipur may vary. However, the following documents are usually sought by banks and NBFCs for a Loan Against Property in Jaipur:
- 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
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 Jaipur 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 Jaipur:
| Fees & Charges | Amount Chargeable |
| Interest Rate | Starting from 9.10% P.A. |
| Loan Amount | Starting 30 Lacs and upto 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 |
How to apply for a Loan Against Property in Jaipur through OneNDF
The process of applying for a Loan Against Property in Jaipur 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 are the tenure options available for LAP in Jaipur?
Lenders in Jaipur typically offer Loan Against Property with flexible tenure options ranging from 5 years to 20 years. The tenure can vary based on the borrower’s preference and repayment capacity.
Q.2 What happens if I default on my LAP in Jaipur?
Defaulting on a LAP in Jaipur can have serious consequences, including legal action and the risk of losing the pledged property.
Q.3 Can I prepay my Loan Against Property in Jaipur?
Yes, borrowers can prepay their LAP in Jaipur. However, lenders may charge prepayment penalties, which vary from one lender to another.
Q.4 Can I use the funds from a loan against property in Jaipur for any purpose?
Yes, you can use the funds obtained from a loan against property in Jaipur for various purposes, including business expansion, debt consolidation, education expenses, medical emergencies, home renovation, or any other personal financial needs.
Q.5 Can I apply for a loan against a jointly owned property in Jaipur?
Yes, you can apply for a loan against a jointly owned property in Jaipur. In such cases, all co-owners of the property will become the co-applicants for the loan, and their income and credit profiles will be considered while evaluating your eligibility.
