At some point, we all face situations
that require substantial funding. It may be for business expansion, higher
education, a medical emergency, or managing personal expenses on a large scale.
It is best to tap the value of your property rather than borrowing
high-interest loans or liquidating investments during such times. It is here
that a loan against property comes in
handy.
It is based on this belief that we
at Manappuram Asset Finance help our
customers realise the value of their property with easy, secure, and flexible
financing. A loan against property permits you to borrow money against your
residential, commercial, or industrial property. You retain your property in
terms of ownership and usage throughout the loan duration.
In today's world of finance, a loan against property ranks among the
easiest financial products to use. To this degree, loans are very beneficial to
borrowers for the following reasons:
● Loan Amounts: The loan amount is
generally determined by the market value of your property. With high-value
collateral, you can avail a significant amount to meet large financial needs.
● Flexible End Use: One major
advantage is that it leaves the free use of the loan amount entirely in your
hands. It may be spent on a family function, investing in your business,
renovations to your home, or anything else you see fit.
● Longer Time for Repayment: In
general, loans against properties have
a long repayment option that allows borrowers to comfortably manage any
obligations.
● Continued Ownership: Even if you
mortgage a property, it is still your property- you can use it as you used to.
Repayment through EMI is one of the main
highlights of Manappuram Asset Finance. Borrowers will have the option of
paying this loan through simple monthly installments, inclusive of interest and
principal, rather than having to repay the total loan amount at once. Such an
arrangement makes it very easy for borrowers to manage finances because they
will not be required to make one huge payment at a time.
This EMI method is especially helpful for
salaried individuals or small business owners with regular income. It ensures
steady repayments and helps in better financial planning. EMIs also make it
simple to track payments and reduce the pressure of arranging a lump sum at the
end.
Benefits of EMI Repayment:
● Simple and regular monthly payments
● Better planning and budgeting
● Suitable for salaried or steady-income
earners
A loan
against property does not restrict the borrower to any particular class. If you own property and have a legitimate financial requirement, you can benefit
from this facility. Common categories include:
● Business Owners: Looking to fund
expansion, machinery purchase, or working capital needs.
● Salaried Individuals: Who may
need large funds for children’s education, weddings, or home improvement.
● Self-employed Professionals:
They include doctors, architects, or lawyers who require capital for their
practice.
From an entrepreneur to a salaried one,
unlocking the value of your property can really help with handling various
planned and unexpected expenditures that may put the rest of your financial
stability in jeopardy.
Easy Application and Fast Processing
In Manappuram Asset Finance, we uphold
simple and fast-track execution for all processes. The process to apply for the
loan against property is simple.
Below is a standard overview of how the
reference looks today:
● Initial Inquiry: A visit to the
nearest branch or website and an expression of interest in a property loan.
● Documentation: Submit basic
documents including identity proof, address proof, income proof, and property
documents.
● Valuation: Our team evaluates
your property to determine the eligible loan amount.
● Sanction and Agreement: After
sanction, we illustrate the terms and finalise the loan agreement.
● Disbursal: Funds are transferred
to your account quickly and securely.
We
recognize the importance of time in financial emergencies and thus, focus on
minimal delays and clear communication.
Manappuram Asset Finance accepts various
types of properties as collateral:
● Residential property (self-occupied)
● Commercial property
(shops, offices)
● Industrial property
(warehouses, manufacturing units)
The condition, legal status, and location
of the property are important in determining eligibility and loan value. Our
experts guide you through this assessment, so you are fully informed.
Typically, the amount of the loan depends
on a certain percentage of the current market value of your property. We
provide fairly valued amounts and customize the loan amount for your exact
needs. There is flexibility in the repayment periods to allow you sufficient
time and space to arrange your finances responsibly.
We
wish to enable you to bridge immediate financial gaps with minimal protracted
undue stress. The bullet repayment option enhances this flexibility, enabling
the capital repayment to be made in one go at the borrower's convenience,
within the tenure of the agreed loan.
Trust is the foundation of everything we
do. When you deal with Manappuram Asset Finance, you can be assured of full
transparency in all aspects:
● No hidden fees
● Clear loan agreements
● Fair property
valuation
● Honest communication
about eligibility and terms
Additionally, our support teams are
available to answer any queries you might have, be it during the application
process or even post-disbursal.
In fact, it's more than just borrowing-in
case you are wondering; it's also financial engineering at its best, and all
your goals can be achieved without touching a long-term asset. Be it for
personal use or business investment, a loan against property cushions the much-needed expenses.
With Manappuram Asset Finance, you'll
benefit from our experience, transparency, and customer-first service. Should
you wish to uncover how your property can work for you, we will be there to
lighten your path.
Unlock the potential of your property.
The loan against property facility from
Manappuram Asset Finance helps one to leverage existing properties. If the
applicant has a mindset toward making the property work for him/her, our
competent team will take him/her through the process.
A secured loan where your property is
pledged to access funds.
Business, education, medical needs,
weddings, home renovation, and more.
Based on property value, loan tenure, and
borrower profile.
Manappuram offers an EMI payment option.
Residential, commercial, or industrial
property.
Yes, the loan is suitable for a wide
range of personal and professional needs.
