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Mortgage Loan

Convert Liability Into Asset

Let your property be a shelter to your dreams. VISION NIDHI LIMITED’s Loan Against Property is a multi-purpose loan that can be used for your business or personal needs. Anyone who is a member OF VISION NIDHI LIMITED and owns Residential/Commercial property can apply for LAP.

Salient Features:

  • * Loan against fully constructed, freehold residential and commercial properties.
  • * Purpose: For meeting personal needs like, acquiring asset, education needs, marriage, personal travel, etc against the mortgage of residential property/ plot acceptable to us.
  • * Min and Max Loan Size: Every Member can avail loan from Rs. 1,000 to a maximum of Rs. 7.5 Lakhs.
  • * Tenure: Loan tenure of up to 5 years
  • * Interest rates are levied on a daily reducing balance method.
  • * Lowest processing charges.
  • * Quick Processing with Easy and hassle-free documentation.
  • * Simple repayments through monthly instalments.
  • * No prepayment penalties. You can have surplus funds at any time thereby conveniently reducing your loan liability and interest burden.

Eligibility Criteria for Loan Against Property

  • * Property Value
  • * Repayment Capacity
  • * Assets
  • * Liabilities
  • * Age
  • * Legal & Technical Clearance of Property Title

The above criteria are subject to change from time to time at the sole discretion of VISION NIDHI LIMITED.


Terms and Conditions

* Security of the loan is a first mortgage of property against which the loan is being advanced and/or any other collateral / interim security as may be required by VISION NIDHI LIMITED.
* The loan under LAP should be liquidated before the eldest borrower attains the age of 60 years.
* For detailed information about VISION NIDHI LIMITED’s products and services kindly visit the nearest VISION NIDHI LIMITED.

Have a query? Please contact.