A property loan, also known as a mortgage loan, is a type of loan provided by financial institutions to individuals or businesses to purchase, construct, or renovate a property. These loans offer a secure and affordable way to own a home or invest in commercial real estate.

*Unique Advantages:*

1. *High Loan-to-Value (LTV) Ratio*: Borrow up to 80-90% of the property's value.
2. *Long Repayment Tenure*: Extended repayment periods, typically up to 20-30 years.
3. *Tax Benefits*: Claim tax deductions on interest paid and principal repayment.
4. *Flexible Repayment Options*: Choose from various repayment plans, such as EMI or step-up repayment.

*Eligibility Criteria:*

1. *Age*: 21-60 years old.
2. *Income*: Stable income, with a minimum salary or business income.
3. *Credit Score*: Good credit history, usually above 650-700.
4. *Property Value*: The loan amount is determined based on the property's value.
5. *Debt-to-Income Ratio*: Borrower's debt
[09/09, 7:23 pm] Business assistant: *Property Loan: Unlocking Your Dream Home*

A property loan, also known as a mortgage loan, is a type of loan provided by financial institutions to individuals or businesses to purchase, construct, or renovate a property. These loans offer a secure and affordable way to own a home or invest in commercial real estate.

*Unique Advantages:*

1. *High Loan-to-Value (LTV) Ratio*: Borrow up to 80-90% of the property's value.
2. *Long Repayment Tenure*: Extended repayment periods, typically up to 20-30 years.
3. *Tax Benefits*: Claim tax deductions on interest paid and principal repayment.
4. *Flexible Repayment Options*: Choose from various repayment plans, such as EMI or step-up repayment.

*Eligibility Criteria:*

1. *Age*: 21-60 years old.
2. *Income*: Stable income, with a minimum salary or business income.
3. *Credit Score*: Good credit history, usually above 650-700.
4. *Property Value*: The loan amount is determined based on the property's value.
5. *Debt-to-Income Ratio*: Borrower's debt obligations should not exceed a certain percentage of their income.

*Documents Required:*

1. *Identity Proof*: Aadhaar card, PAN card, passport, or driving license.
2. *Income Proof*: Salary slips, bank statements, or business financial statements.
3. *Address Proof*: Utility bills, rental agreement, or property documents.
4. *Property Documents*: Sale deed, title search report, and property valuation report.
5. *Credit Report*: Borrower's credit history from credit bureaus.