Instant and Easy Mortgage Loans in Hyderabad
Lowest Interest Rates - Starting from
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Looking for Mortgage Loans in Hyderabad?
Having a home or a fixed property is a blessing and can be used as a financial assistance in more than one way. Your property can be used as an optimal crediting source by leveraging it and utilizing it up to its full potential by taking a loan against it. At AKB Loans, you can easily apply for and avail best mortgage loans against property, and use the funds for any genuine personal uses like paying for educational fees, wedding expenses, medical emergencies, to expand your business, to buy any other additional property, etc., which may need a relatively larger amount of money than the personal loans.
Mortgage loans are secured loans in which an asset is placed as collateral with the financier, who will provide loans as per the value of the asset. The lenders will approve a loan amount depending on the value of the property placed as collateral. Although there are many types of mortgage loans, AKB works to provide the Mortgage loans across India to our borrowers and help them overcome their financial crisis with ideal solutions and manageable repayment options.
We provide quick mortgage loans up to 2 Crores* * against residential property & commercial property at the most considerable interest rates with manageable repayment options. We understand how important your property is, and so, all your related documents will be in safe hands until complete loan disbursal & completion of the full repayment. Our financial team ensures that the complete process happens in a smooth and unstrained manner without any hurdles.
Mortgage Loans EMI Calculator
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Process for Mortgage Loans
Like the eligibility criteria, different banks need different documents for verification that proves the authenticity of the borrower. At AKB Loans, along with a completely filled-in application form with a recent photograph, you may have to submit a couple of more documents, as needed by the financial institution with which you are applying for a personal loan. Mentioned below are a few documents that should be submitted for the verification process.
1. Identity Proof
- PAN Card
- Aadhaar Card
- Voter ID Card
- Driving License
- Passport Copy
2. Current Address Proof
- Driving License
- Passport Copy
- Latest Gas Bill
- Latest Property Tax Bill
- Bank Passbook
- Ration Card
3. Age Proof
- PAN Card
- Aadhaar Card
- Voter ID Card
- Passport Copy
- Certificate issued by any statutory authority
4. Bank Statement
- Latest 3 months’ updated statement
5. Employment Proof
- Company ID Card
6. Salary Slip & Form 16
- Last 3 months’ salary slips
- Form 16
7. Self Employed
- Business License*
- Bank Statement*
50+
500+
1100+
Mortgage Loans Interest Rates
| Interest rates | 8%* to 15%* |
| Processing fee | It ranges from 1%* - 3%* and differs according to the banks |
| Loan Tenure | 5 years – 20 years |
| Loan Amount | ₹ 10 lakhs* - ₹ 2 Crores* |
| Lock-in period | It differs from the lender to lender |
| Pre-closure charges | It differs from the lender to lender |
| Guarantor Required | It depends on the different conditions |
Frequently Asked Questions
Who can apply for the mortgage loan?
Both self employed and salaried people who is getting a regular income of 30,000 and above can apply for the loan.
What is the credit score required?
You need to have >700 credit score in order to get the loan approved with the amount you want.
How much could be the interest rate?
The interest rate charged by different lenders could range from 8%* to 15%* .
Is a collateral required?
Yes, mortgage itself says that you will need to pledge an asset. The lender will approve the loan based on the value of the asset.
