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Why Take Lal Dora Property Home Loan From Us?

  • 20 years of experience in Lal Dora Property Home Loan.
  • Lal Dora Property Home loan up to Rs. 1 crore.
  • Lowest ROI & processing fees or “NIL” processing fees.
  • 20% higher loan amount than other service provider.
  • Lal Dora Property Home Loan up to 85% of cost of property.
  • “NO INCOME PROOF” Home Loan on Lal Dora Property .
  • Lal Dora Property Home Loan to “LOW CIBIL SCORE” or “NO CIBIL SCORE”.
  • Lal Dora Property Home Loan based on past loans repayment track records.
  • Lal Dora Property Home Loan to all kinds of profile. There is “NO NEGATIVE PROFILE”.
  • Minimum Documentations.
  • Fastest loan approval guaranteed
  • No Hidden Charges.
  • Amicable after sales service.

Do you want to know more about Lal Dora Property Home Loan?

Most of the bank or NBFC don’t provide loan on Lal Dora Property because Lal Dora area was exempted from building by laws, construction norms and regulations, as regulated in Delhi Municipal Act. Building sanction plan is not mandatory for construction in Lal Dora area.

But Lal Dora areas are integral part of Delhi and NCR. These Lal Dora areas well connected with Delhi & NCR urban area through, roads, expressways and metros etc. Due to well connectivity with urban area and comparatively low property price, large number of people wants to leave in this area. Due to high demand of property, there is a huge construction taken place in Lal Dora area. There is a premium residential and commercial zone. These all resulted in large demand for home loan on Lal Dora property and loan against Lal Dora property.

To fulfill rising demand of housing loan in Lal Dora area, few bank or NBFC provides home loan on Lal Dora property on certain special conditions.

If you need a professional guidance then contact LOAN ON PHONE. We are always with you.

Benefit of home loan on Lal Dora property is same as standard home loan. Following are the key benefit of home loan on Lal Dora property.

  • Rented House to Own House: Instead of paying rent for a rented house in Lal Dora area, borrow a home loan on Lal Dora property from bank or NBFC and shift to your owned house. Rent will compensate your home loan EMI (Equated Monthly Installments) and this will also give you capital appreciation.
  • High Property Price: As price of the property is very high and buyer may not be having all the amount, bank or financial institutions are there to lend you money in the shape of housing loan for which they charge interest on the loan amount.
  • Tax Rebate on Interest Payment: As per Income Tax Act 1961, If you are paying EMI on Lal Dora property home loan, then interest portion of the EMI can be claimed as a deduction from total income up to maximum of Rs. 2 Lakhs U/s 24 of the income tax act.
  • Deduction on Principal Payment: The principal portion of the EMI on Lal Dora property home loan can also be claimed as a deduction from total income up to maximum of Rs. 1.5 Lakhs U/s 80c of the income tax act.
  • Deduction for Stamp Duty and Registration Charges: Stamp duty and registration charges paid for registration of the Lal Dora property can also be claimed as a deduction U/s 80c but within limit of Rs. 1.50 Lakhs.
  • Deduction for First Time Home Buyers: :- If you are buying a house in Lal Dora area first time and do not have any other owned house, then Income Tax Act 1961, Sec 80EE, allows you an additional deduction of up to Rs. 50,000/-.
  • Deduction for Joint Home Loan:If you have purchased a property in Lal Dora area jointly and borrowed loan from bank or NBFC the both of you can claim a deduction of home loan interest up to Rs. 2 lakh u/s sec 24b and deduction of principal portion of home loan up to Rs. 1.50 lakh u/s 80c. To claim this deduction, property must be in the joint name. So joint home loan can help you to claim larger tax benefit.

A professional consultant will save your time and money both, If you need a professional guidance then contact LOAN ON PHONE. We are always with you.

You can borrow home loan from bank or NBFC on following types of property:-
  • LOAN ON LAL DORA INDEPENDENT HOUSE: You can borrow home loan on independent house from bank or NBFC.
  • LOAN ON LAL DORA FLAT OR FLOOR: You can borrow home loan from bank or NBFC in Lal Dora area on a single flat or floor up to 3rd floor. The flat can be situated on a single unit, double unit or multiple units.
  • PLOT PLUS CONSTRUCTION LOAN IN LAL DORA AREA: When you borrowed loan from bank or NBFC to construct a home after buying plot in Lal Dora area, then bank or NBFC provides you plot plus construction loan.

    Construction loan will be disbursed once plot loan is disbursed and all the property papers related to plot is in the record of bank or NBFC. Construction loan provided by bank or NBFC on the basis of construction estimate duly vetted by bank or NBFC empanelled architect. Construction loan is disbursed as per the stage of construction being recommended by empanelled valuer of the bank.

    Only plot loan is not offered by bank or NBFC in Lal Dora area.

Lal Dora Property Home Loan is an agreement between borrower and the lender (bank or NBFC) that regulates the term of loan. Loan eligibility criteria for almost all the banks are different but there are some common loan eligibility criteria which borrower has to fulfill to avail home loan from bank or NBFC

Following are some key important factors which would be checked by bank or NBFC to accept or reject the home loan application :

  • Age: At the time of home loan application, applicant must be 21 years or above but not more than 60 or 65 years because repayment of the loan has to be completed on or before 60 or 65 years of borrower age.
  • Employment Continuity: Bank or NBFC checks employment continuity of an individual who is applying for home loan. An individual should have 3 years of working experience in the business or employment. A regular source of income, ensure the lender regular repayment of their housing loan EMI.
  • Cibil Score: A home loan borrower who is having good cibil score will get quick loan from the bank or NBFC. Cibil score is a decisioning factor for sanctioning or rejecting home loan applications.

What are the documents required for Lal Dora Property home loan?

Documents required for home loan depends upon the type of employment of an individual.
Documents required for different types of employment are as follows:

KYC Documents

  • Pan Card
  • Aadhar Card
  • Voter ID Card
  • Passport
  • Latest Month Electricity Bill
  • Copy of Rent Agreement
  • Copy of Registered Lease Deed
  • Employee ID Card

Income Documents

  • Latest 3 months salary slip
  • 3 years form-16, 26AS, ITR with computation of Income
  • Annual CTC Letter
  • Copy of Appointment Letter

Bank Statements

  • One year up to date salary account statement

Loan Documents

  • Copy of Sanction Letter
  • Up to date loan account statement
  • Loan repayment schedule
  • 12 Month up to date bank statement showing repayment of the loan
  • Loan closure proof if loan is closed

Property Documents

  • Copy of Agreement to Sale (ATS)
  • Copy of previous chain of property papers
  • Copy of approved sanction plan or Map

KYC Documents

  • Pan Card
  • Aadhar Card
  • Voter ID Card
  • Passport
  • Latest Month Electricity Bill
  • Copy of VAT/ Sales Tax, GST, Import-Export or any other registration Certificate
  • Latest Office Address proof i.e electricity bill, rent agreement etc.
  • Company Profile on the Letterhead of the firm

Income Documents

  • Latest 3 year ITR with computation of Income including P & L a/c, balancesheet
    with their schedule and annexures duly certified by CA
  • Form No. 3 CA & 3 CD in case of audited balance sheet
  • Latest 2 years VAT/ Sales Tax/ GST return
  • Latest 2 year form 26AS if applicable

Bank Statements

  • One year up to date all the saving and current account statement

Loan Documents

  • Copy of Sanction Letter
  • Up to date loan account statement
  • Loan repayment schedule
  • 12 Month up to date bank statement showing repayment of the loan
  • Loan closure proof if loan is closed

Property Documents

  • Copy of Agreement to Sale (ATS)
  • Copy of previous chain of property papers
  • Copy of approved sanction plan or Map
Individual Partners Document

KYC Documents

  • Pan Card
  • Aadhar Card
  • Voter ID Card
  • Passport
  • Latest Month Electricity Bill
  • Copy of Rent Agreement/ Registered Lease Deed

Income Documents

  • Latest 3 year ITR with computation of Income
  • Latest 2 year form-16 with 26AS if applicable

Bank Statements

  • One year up to date all the saving account statements

Loan Documents

  • Copy of Sanction Letter
  • Up to date loan account statement
  • Loan repayment schedule
  • 12 Month up to date bank statement showing repayment of the loan
  • Loan closure proof if loan is closed

Property Documents

  • Copy of Agreement to Sale(ATS)
  • Copy of previous chain of property papers.
  • Copy of approved sanction plan or Map
Partnership Firm Documents

KYC Documents

  • Pan Card
  • Copy of VAT/ Sales Tax, GST, Import-Export Certificate or any other registration certificate
  • Copy of Partnership Deed
  • Latest office address proof i.e. electricity bill, rent agreement etc.
  • Company Profile on the Letterhead of the Company

Income Documents

  • Latest 3 year ITR with computation of Income including P & L a/c, balancesheet with their schedule and annexures duly certified by CA
  • Form No. 3 CA & 3 CD in case of audited balance sheet
  • Latest 2 years VAT/ Sales Tax/ GST return
  • Latest 2 year form 26AS if applicable

Bank Statements

  • One year up to date all the current account statement

Loan Documents

  • Copy of Sanction Letter
  • Up to date loan account statement
  • Loan repayment schedule
  • 12 Months up to date bank statement showing repayment of the loan
  • Loan closure proof if loan is closed
Individual Directors Document

KYC Documents

  • Pan Card
  • Aadhar Card
  • Voter ID Card
  • Passport
  • Latest Month Electricity Bill
  • Copy of Rent Agreement/ Registered Lease Deed

Income Documents

  • Latest 3 year ITR with computation of Income
  • Latest 2 year form-16 with 26AS if applicable

Bank Statements

  • One year up to date all the saving account statements

Loan Documents

  • Copy of Sanction Letter
  • Up to date loan account statement
  • Loan repayment schedule
  • 12 Months up to date bank statement showing repayment of the loan
  • Loan closure proof if loan is closed

Property Documents

  • Copy of Agreement to sale (ATS)
  • Copy of previous chain of property papers.
  • Copy of approved sanction plan or Map
Private Limited or Limited Company Documents

KYC Documents

  • Pan Card
  • MOA & AOA
  • Copy of VAT/ Sales Tax, GST, Import-Export Certificate or any other registration certificate
  • Latest office address proof i.e. electricity bill, rent agreement etc.
  • Company Profile on the Letterhead of the Company
  • List of director & shareholder with their shareholding pattern duly certified by CA.
  • Latest form-32

Income Documents

  • Latest 3 year ITR with computation of Income including P & L a/c, balancesheet with their schedule and annexures duly certified by CA
  • Form No. 3 CA & 3 CD in case of audited balance sheet
  • Latest 2 years VAT/ Sales Tax/ GST return
  • Latest 2 year form 26AS if applicable

Bank Statements

  • One year up to date all the current account statement

Loan Documents

  • Copy of Sanction Letter
  • Up to date loan account statement
  • Loan repayment schedule
  • 12 Months up to date bank statement showing repayment of the loan
  • Loan closure proof if loan is closed

KYC Documents

  • Pan Card
  • Copy of Passport with VISA
  • Copy of Green Card
  • Complete CDS certificate in case of Merchant Navy
  • Copy of valid residence proof in abroad
  • Employee ID card or Labour card
  • Copy of latest work permit

Income Documents

  • Latest 3 months salary slip
  • Latest 3 years income tax acknowledgement form
  • Annual CTC letter
  • Copy of appointment letter
  • Credit report from credit agency

Bank Statements

  • One year Up to date NRI Salary account statement
  • One year Up to date NRO/NRE account statement

Loan Documents

  • Copy of Sanction Letter
  • Up to date loan account statement
  • Loan repayment schedule
  • 12 Month up to date bank statement showing repayment of the loan
  • Loan closure proof if loan is closed

Power of Attorney Holders Documents

  • Copy of PAN card & Aadhar card
  • Power of Attorney in favour of blood relatives or relatives in India

Property Documents

  • Copy of Agreement to Sale (ATS)
  • Copy of previous chain of Property papers
  • Copy of approved sanction plan or Map

What is the Rate of Interest on Lal Dora Property Home Loan

Lal Dora property home loan rate of interest vary from bank to bank. It is slightly higher than standard home loan. Rate of interest is in between 9% p.a. to 12% p.a. it is advisable to compare Lal Dora property home loan interest rates of different bank and financial institutions and chose the best one which suits your need.

You may take expert advice of LOAN ON PHONE professional consultants who will help you to choose best bank who offers you lowest rate of interest on home loan with ZERO / nominal bank processing fees.

LIST OF LAL DORA AREA WHERE HOME LOAN OFFERED BY THE BANK OR NBFC:-

List of Lal Dora area is very vast and many times bank or NBFC funding a particular block in an area but not others.

So, to check whether Lal Dora area where you are buying property is approved or not, call LOAN ON PHONE. We are always available with you and happy to help you.

Why I should take home loan on Lal Dora Property from loan on phone and how do we help?

Today internet is the source of information and there is a lot of information available about the home loan on internet and we have also tried to give you some information about home loan but the most important question is that Why I should take home loan from LOAN ON PHONE and how do we help you in choosing best home loan?

Almost all the banks or NBFC claims to offer you the best deal. Most of the people confused with the various offers and deal, so we are here to help you to choose the best home loan.

About LOAN ON PHONE

LOAN ON PHONE is the one stop solution for all your financial needs. We are into this business for more than a decade. LOAN ON PHONE will analyze different loan offers and suggest you best deal on home loans with great customer services. Our expert provides best deal on wide range of products to the customer to take right decision.

Why Choose LOAN ON PHONE?

LOAN ON PHONE knows that you have numerous options when it comes to procuring loans. For example, you could turn to a bank or NBFC (Non Banking Financial Corporation). In addition, the Internet is home to numerous lenders who want to reel you in. However, there's no need to search any further. Here are the reasons LOAN ON PHONE is the only resource you'll need.

LOAN ON PHONE Invested in Your Safety

It's easy to stumble upon fraudulent websites during your search for a suitable loan. Under the guise of reliable lenders, hackers will use infectious malware programs to obtain your private information. You'll also have to keep your guard up for fake application pages. These pages will steal any personal sensitive information that you input.

There's no need to take risks with your personal financial records. Skip those unsecure sites and work with us. LOAN ON PHONE features secure web pages that are free of malware infections. When you work with us, your information is safe.

LOAN ON PHONE Offers Choices

When you use our services, you'll have access to a large network of lenders without even leaving home. Alternatively, you can save your valuable time and money traveling to a physical loan lender. The smart choice is obvious. Give your feet a rest; stay home and work with us. You find the lender that seems best for you.

LOAN ON PHONE Works Fast

We understand that when you're applying for loan, you want loan as soon as possible. For this reason, our process is swift and hassle-free. If you have the required information handy, you can receive funds as soon as the next business day.

Don't get caught up in delays and complicated requirements of other service provider. LOAN ON PHONE process is faster than working with any other service provider, so count on us for immediate emergency loan requirement.