At Arav Digital Fincare, we connect borrowers with leading banks to provide fast loan approvals with minimal documentation and competitive rates.
A mortgage loan (also known as Loan Against Property) lets you leverage the value of your residential, commercial, or industrial property to secure funds for various needs like business expansion, education, medical expenses, or debt consolidation. At Arav Digital Fincare, we connect you with leading banks offering the best mortgage loan terms with minimal documentation and competitive interest rates.
Get up to 70% of your property value as loan amount, with maximum limits up to ₹3 Crores based on property valuation.
Enjoy competitive interest rates starting from 8.75%, significantly lower than personal loans due to collateral security.
Use the loan amount for any legitimate purpose including business needs, education, medical expenses, or debt consolidation.
Repay your loan over an extended period of up to 20 years, making EMIs more affordable and manageable.
Avail tax benefits on interest repayments if the loan is used for business purposes or for purchasing/constructing property.
Transfer your existing mortgage loan to get better interest rates, lower EMIs, or additional top-up loan amount.
Loan to Value Ratio: Up to 70% of property value
Property Type Based: Varying limits for different properties
For Salaried: 8.75% - 11.25%
For Self-employed: 9.25% - 12.50%
Salaried: Up to 20 years
Self-employed: Up to 15 years
Employees of government organizations, public sector undertakings, private companies, and multinational corporations.
Doctors, chartered accountants, architects, business owners, and other self-employed professionals.
The property being mortgaged must meet specific criteria to qualify for the loan.
Your financial standing plays a crucial role in determining loan eligibility.
Arav Digital Fincare simplifies the mortgage loan process for you. Follow these simple steps:
Fill our simple online application form with your basic details and property information.
Submit all required documents for verification and property evaluation.
Bank conducts property evaluation, legal verification, and technical assessment.
After approval and documentation, the loan amount is disbursed directly to your account.
A mortgage loan, also known as a loan against property (LAP), is a secured loan where you pledge your residential, commercial, or industrial property as collateral to borrow funds. The property remains in your possession and can be used normally, while the lender holds the property documents as security until the loan is fully repaid.
Typically, you can get up to 70% of your property's market value as a loan amount. The exact percentage depends on factors like property type, location, age, condition, your credit score, income, and repayment capacity. Commercial properties may have different LTV (Loan to Value) ratios compared to residential properties.
Mortgage loans offer flexibility in usage. You can use the funds for business expansion, education expenses, medical treatments, debt consolidation, home renovation, child's marriage, vacation, or any other legitimate purpose. Unlike home loans which must be used specifically for property purchase or construction, mortgage loans can be used for various needs.
The primary difference lies in the purpose and property ownership. A home loan is specifically used to purchase, construct, or renovate a property. The property is yet to be fully owned by you, and you're essentially acquiring it. In contrast, a mortgage loan is taken against a property you already own, and the funds can be used for any legitimate purpose, offering greater flexibility.
Yes, absolutely. One of the primary advantages of a mortgage loan is that you retain possession and usage rights of your property. You can continue to live in your home or operate your business from the premises. The lender only holds the property documents as security and doesn't interfere with your usage of the property unless there's a default in loan repayment.
Most banks charge prepayment penalties for mortgage loans, especially if they have a fixed interest rate. These charges typically range from 2% to 5% of the prepaid amount. However, many lenders allow partial prepayments up to a certain percentage of the principal amount each year without penalties. At Arav Digital Fincare, we can help you find lenders with minimal or zero prepayment charges.
Apply for a mortgage loan and access funds for your needs while retaining ownership of your property. Our experts will guide you through the entire process.