Property Loan
Get coverage on your Property.
A property loan, or mortgage, is a loan used to purchase or refinance real estate, with the property serving as collateral. At Milangton’s Loan Factory, we simplify the process for our customers by providing expert guidance, helping them gather necessary documentation, and offering personalized loan options tailored to their financial situation. Our goal is to make obtaining a property loan straightforward and stress-free, ensuring a smooth path to ownership.
What are the Documents required for Applying for Property Loan?
While applying for a Property Loan you need the following documents to streamline the loan approval process.
Identity Proof - Passport, Driving License, any Govt issued ID.
Address Proof - Utility Bill, Rental Agreement, Passport.
Income Proof - Salary Slips, Bank Statement or any Tax Returns.
Employment Proof - Employment verification letter or Business Proof for self-employed individuals.
Property Documents - Sale Agreement, Title Deed, and Property Tax Receipts.
Credit Report - Credit history and score from a credit bureau.
Photographs - Passport sized photos of the applicant(s).
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Head Office Address:
Sri Venkateshwara Nilayam, Sarojini Devi road, Secundrabad - Telangana.
Call for Help:
+91 90004 02345
+91 99852 00092
+91 99852 00092
Mail for Information:
For any inquiries relating to my Loans and Programs or Services feel free to speak to me personally by calling us during business hours.
A property loan, also known as a mortgage, is a loan used to purchase or refinance real estate, where the property serves as collateral.
Common types include fixed-rate mortgages, adjustable-rate mortgages (ARMs), interest-only loans, and government-backed loans like FHA or VA loans.
Eligibility typically depends on factors such as your credit score, income, employment history, debt-to-income ratio, and down payment amount.
The loan amount you can borrow depends on your financial profile, the lender’s policies, and the value of the property. Pre-approval can give you a clearer estimate.
Necessary documents usually include proof of identity, address, income, bank statements, employment verification, credit report, and property-related documents.
Interest rates vary based on market conditions and your credit profile. Fees can include origination fees, appraisal fees, closing costs, and sometimes prepayment penalties.
Pre-approval is a process where the lender evaluates your financial information to determine how much you can borrow. It is important because it gives you a clearer budget and strengthens your offer when buying a property.
It is possible to get a property loan with a low credit score, but it may come with higher interest rates and stricter terms. Some lenders specialize in loans for individuals with lower credit scores.