Interest rates for Loan against Property start from 9% and depend on many factors like your Credit Score, Loan Amount, Type of property, Tenor, and End use of the loan.

After submitting the form, a 4-digit OTP will be sent to your mobile number. Enter the OTP on the verification page to complete the process.

The initial financial approval will be done within one week of submitting all required papers. The final sanction is done after legal verification of property documents and a technical examination of the property. Thus the final sanction shall take around 3 to 4 weeks and varies from lender to lender.

• KYC documents
• Financial Documents
• Property Documents

Each lending bank or NBFC has its own policies based primarily on your credit score, your monthly income, your current fixed financial obligations, and other factors.

FOIR stands for Fixed Obligation To Income Ratio. Most lenders consider your income along with your current fixed financial obligations. This means they check how many EMIs you are servicing and the total monthly EMI amount. Each lender’s FOIR range is usually between 50% and 70%.

While each lending institution has its own norms, a score of 700+ is preferred by most lenders. Some lenders may approve loans with slightly lower scores.

Each lender has its own criteria. They may approve the loan on an exception basis if there is a justifiable reason for your low score. Sometimes they reduce the loan amount or shorten the loan tenure to reduce risk.

Panobiz is tied up with multiple lenders and matches your requirement with the most suitable lender. They aim to get you the best deal on loan amount, interest rate, and tenure while offering doorstep service to save you time and effort.