Morgadge loans
UD Enterprises Loan Against Property. Avail a loan at attractive rate of interest.
Loan Against Property
Loan against property for your personal or business needs. Both residential and commercial properties can be mortgaged for taking a loan against property.
- Loan against fully constructed, freehold residential and commercial properties for: Business Needs; Marriage, medical expenses and other personal needs; transferring your outstanding loan availed from another Bank / Financial Institution
- Easy and hassle free documentation
- Simple repayments through monthly instalments
- Integrated branch network for availing and servicing the loan anywhere in India
- Longer tenure, smaller EMIs
- Attractive interest rates
Following are the documents you would need to submit for all applicants /
co-applicants along with the completed and signed Application Form for loan approval:
1) Proof of both Identity and Residence (KYC)
2) Proof of Income
3) Property related documents
4) Other documents
The following is an indicative list of fees / other charges / outgoings that are payable depending on the nature of
the loan availed (*):
Processing Fees & Other Charges
Prepayment Charges
Conversion Fees
The repayments (EMIs) towards the principal loan amount availed are eligible for a tax deduction upto Rs 1.5 lakh, under section 80C of the Income tax Act 1961. While Section 24(b) of the Income Tax Act 1961, provides for a deduction on the interest portion of home loan EMIs up to Rs. 2 lakh per annum. However if the house purchased is a “let out property” i.e. is rented out. the deductions can apply for the entire interest payable.
Additionally first time home buyers may be eligible for further deductions under Section 80EE, upto Rs.50,000/- per annum after they’ve exhausted the limit for interest per Section 24(b)