Loan Against Property

Enjoy the benefit of loans against property by getting a loan worth up to 60% of your property’s market value.

We offer customization features on loans against property for self-employed individuals.

Besides speedy and transparent processing, the firm offers a host of other benefits on its loan including flexible tenures and competitive interest rates.
These unmatched benefits make our products among the best loan in the market.

Eligibility:

The following individuals are eligible to apply for a Loan Against Property:

  • Salaried Individuals
  • Self Employed

Documentation:

  • The following documents are required along with your Loan Against Property application:

    • For Salaried Individuals:
      • A copy of any of the following as proof of residence:
        • Aadhaar card
        • Ration Card
        • Voter’s ID Card
      • A copy of any of the following as proof of identity:
        • Aadhaar card
        • Voter’s ID Card
        • PAN Card
        • Driver’s License
        • Employer’s Card
      • Latest Bank Statement/Passbook from where you can show a salary/income being credited for the previous 6 months
      • Salary slip for the previous 6 months showing all deductions
      • Form 16 for the previous 2 years
      • Copies of all the property documents of the concerned property to be pledged for the loan
    • For Self Employed Professionals/Individuals:
      • Certified Financial Statement for the previous 2 years
      • A copy of any of the following as proof of residence:
        • Ration Card
        • Aadhaar card
        • Voter’s ID Card
      • A copy of any of the following as proof of identity:
        • Aadhaar card
        • PAN Card
        • Voter’s ID Card
        • Driver’s License
        • Employer’s Card
      • Latest Bank Statement/Passbook from where you can show a salary/income being credited for the previous 6 months
      • Copies of all the property documents of the concerned property to be pledged for the loan

Rates & Fees:

Enclosed below are Unicorn Capitals Loan Against Property Interest Rates & Charges*

Fee Amount to be Paid
Rate of interest range 14% to 23%
Loan processing charges Up to 2.50% of the loan amount subject to a minimum of Rs. 1000/-
Pre-payment charges < 6 Months – 5% of Principal Outstanding,
7-12 Months – 4% of Principal Outstanding
> 12 Months – 3% of Principal Outstanding
No Due Certificate/No Objection Certificate (NOC) NIL
Duplicate of No Dues Certificate/NOC Rs. 100/-
Solvency Certificate Not applicable
Charges for late payment of EMI Rs. 500/- or 10% of unpaid EMI whichever is higher to be paid per month
Stamp duty & other statutory charges As per applicable laws of the state
Cheque swapping charges Rs 500/-
Amortization Schedule charges Rs 200/-
Loan cancellation charges NIL (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and processing fees would be retained.)
Cheque bounce charges Rs. 350/- per cheque bounce
Legal/incidental charges At actual
Collection fees 36% of unpaid balance or Rs. 5000/- whichever is higher for every notice
Document retrieval charges Rs. 500 per document set.

* – above charges does not include GST and is applicable as per current government policy.

The above charges and rates are under the sole discretion of Unicorn Capitals, subject to change without prior notice.