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Mortgage Loan In Chennai

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Apply Now Secured & Unsecued Business Loans & Business loans without security for SMEs & MSMEs

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Business loan in madurai
  • Sole Proprietor
  • Partnership
  • Private Limited
  • LLP
  • Limited Company

Why Choose Kfis?

  • Apply in few minutes
  • Fast Approval
  • Tenure up to 60 months
  • Get money in 24 Hrs
  • No Branch Visit
  • Multiple Choice Of Lenders

We Channeled With

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Who Can Apply?

CIBIL Score of 700 or higher
Business operational for 2+ years
12 months bank statement
Monthly GST sales returns

Who can get Mortgage Loan with Kfis?

  • Professional Doctors
  • Clinics & hospitals
  • Engineers, Architects, Chartered Acc
  • Manufacturers of Industries
  • Factory & Industries
  • Traders in All Sectors
  • Project contractors
  • Suppliers
  • Distributors & Dealers
  • Wholesalers & Retailers
  • Super markets
  • Showrooms
  • Boutiques
  • Hotels & Restaurants
  • Pharmacy
  • Schools & Colleges ( Trusts )
  • Business Consultants
  • Supply Chain & Logistics
  • Transport contractors
  • Information Technology (IT companies) Etc...

Mortgage Loan in Chennai Who Apply

  • Sole Proprietor
  • Partnership
  • Private Limited
  • LLP
  • Limited Company
  • Self-employed Professionals
  • Salaried Employees
  • First-time Homebuyers
  • Real Estate Investors
  • Homeowners Seeking Renovation or Expansion
Documentation for Business Loan in Chennai

Eligibility Criteria For Mortgage Loan In Chennai

  • Age Requirement: Typically between 21 and 60 years.
  • Income Stability: Regular salaried or self-employed with consistent income.
  • Credit Score: A minimum score of 750 is often preferred.
  • Employment Status: Employed with a minimum tenure of 2 years.
  • Property Documentation: Clear title and legal ownership of the property.
  • Existing Liabilities: Low existing debts to ensure repayment capacity.
  • Nationality: Indian citizens or non-resident Indians (NRIs) with valid documentation.
  • Property Location: Property located in approved areas within Chennai.

Documentation For Mortgage Loan In Chennai

  • Identity Proof: PAN card, passport, Aadhaar card, or driver's license.
  • Address Proof: Utility bills, bank statements, or government-issued IDs.
  • Income Proof: Recent salary slips, bank statements, and tax returns.
  • Property Documents: Title deeds, sale agreements, and encumbrance certificates.
  • Photographs: Passport-sized photos of all applicants.
  • Employment Details: Employment contract or appointment letter.
  • Bank Statements: Statements for the last 6 months showing salary credits.
  • Processing Fee: Cheque or demand draft for the processing fee.
Documentation for Business Loan in Chennai
Business Loan In trichy

Vacant Land (Residential, Commercial, and Industrial)

  • Loan Type: Land loans with higher interest rates and down payments.
  • Eligibility: Requires strong credit and proof of development plans.
  • Zoning Restrictions: Impacts loan terms based on permitted uses.
  • Purpose: For future residential, commercial, or industrial development.
  • Loan Term: Usually shorter than traditional property mortgages.
  • Collateral: Land itself acts as primary security for the loan.
  • Interest Rates: Higher due to increased lender risk.
  • Prepayment Options: Often flexible to encourage early payoff.

Residential Land and Building

  • Loan Type: Conventional, FHA, VA, or USDA mortgages.
  • Eligibility: Based on credit score, income, and property value.
  • Purpose: To purchase or refinance homes for personal or rental use.
  • Down Payment: As low as 3% with specific loan programs.
  • Interest Rates: Lower for borrowers with good credit.
  • Loan Term: Commonly 15 to 30 years, with fixed or adjustable rates.
  • Insurance: Mortgage insurance may be required for low down payments.
  • Tax Benefits: Interest payments often tax-deductible.
unsecured business loan in trichy
msme loan in trichy

Commercial Land and Building

  • Loan Type: Commercial real estate loans or SBA loans.
  • Eligibility: Requires strong business plan and financial history.
  • Purpose: To acquire or develop income-generating properties.
  • Down Payment: Typically 15–25% of the property value.
  • Loan Term: Shorter than residential, usually 5–20 years.
  • Interest Rates: Higher due to greater investment risk.
  • Repayment: Can include balloon payments or adjustable rates.
  • Collateral: The building and land serve as security for the loan.

Industrial Land and Building

  • Loan Type: Industrial development loans or commercial mortgages.
  • Eligibility: Requires proof of industrial business use.
  • Purpose: Financing warehouses, factories, or logistics facilities.
  • Down Payment: Larger upfront payment compared to residential loans.
  • Loan Term: Flexible terms tailored to industrial projects.
  • Interest Rates: Higher due to specialized property use.
  • Zoning Compliance: Must meet industrial land-use regulations.
  • Collateral: Land and building used as security for the loan.
msme loan in trichy
msme loan in trichy

Property Under Construction

  • Loan Type: Construction loans with phased disbursements.
  • Eligibility: Requires detailed construction plans and contractor agreements.
  • Purpose: To finance the building process until project completion.
  • Down Payment: Typically 20–25% of the total project cost.
  • Loan Term: Short-term loans, often 12–24 months.
  • Interest Rates: Higher, as construction loans are riskier.
  • Conversion: Converts to permanent financing after completion.
  • Milestone Payments: Funds released as project stages are completed.
 

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Frequently Asked Question

What is a mortgage loan offered by KFIS?

A mortgage loan from KFIS is a secured loan where you pledge your property as collateral to meet personal or business financial needs.

Who is eligible for a KFIS mortgage loan in Chennai?

Eligibility criteria include:

  • Salaried or self-employed individuals.
  • Minimum age of 21 years and maximum age of 65 years (at loan maturity).
  • A stable income and a good credit history.
What types of properties can be pledged for a KFIS mortgage loan?

KFIS accepts the following as collateral:

  • Residential property.
  • Commercial property.
  • Industrial property.
  • Vacant land (with clear title).
What is the loan amount KFIS offers for a mortgage loan in Chennai?

KFIS provides loans up to 80%-90% of the market value of the pledged property, subject to eligibility and property valuation.

What is the tenure for KFIS mortgage loans?

The repayment tenure offered by KFIS can go up to 15 years, ensuring flexible EMIs based on your repayment capacity.

What are the key benefits of choosing a KFIS mortgage loan in Chennai?
  • Competitive interest rates.
  • High loan-to-value ratio.
  • Flexible repayment tenure.
  • Quick loan processing and disbursal.
  • Personalized customer service.
What documents are required for a KFIS mortgage loan?

  • The following documents are required:

    • Identity Proof: PAN Card, Aadhar Card, Passport, or Voter ID.
    • Address Proof: Utility bills, Passport, or Rent agreement.
    • Income Proof: Salary slips, bank statements, or ITR.
    • Property Documents: Title deed, tax receipts, and approved property plans.
Can NRIs apply for a KFIS mortgage loan in Chennai?

Yes, KFIS offers mortgage loans to NRIs for properties located in Chennai, with specific documentation and eligibility requirements.

 

How can I apply for a KFIS mortgage loan in Chennai?

You can:

  • Apply online via the KFIS website.
  • Visit your nearest KFIS branch in Chennai.
  • Call our customer support team for assistance.
Can I transfer my existing mortgage loan to KFIS?

Yes, KFIS offers a balance transfer facility, allowing you to shift your existing loan to KFIS for better interest rates and terms.

Areas we serve

  • Thiruvottriyur
  • Tondiarpet
  • Madhvaram
  • Perambur
  • Egmore
  • Poonamallee
  • Mylapore
  • Pudupet
  • Choolaimedu
  • St. Thomas Mount
  • Kotturpuram
  • Kodambakkam
  • Porur
  • Marina Beach
  • Madhavaram
  • Kolathur
  • Thoraipakkam
  • Kelambakkam
  • Pallikaranai
  • Saidapet
  • Madhavaram
  • Purasawalkam
  • Ambattur
  • Ayanavaram
  • Aminjikkarai
  • Mount Road
  • Chetpet
  • Triplicane
  • Vepery
  • Anna Nagar
  • Adyar
  • Saidapet
  • Ashok Nagar
  • Kundrathur
  • R K Salai
  • Royapuram
  • Ottiambakkam
  • Perungudi
  • Vandalur
  • Sembakkam
  • Padi
  • Vadapalani
  • Madhuravoyal
  • Mambalam
  • Egmore
  • Guindy
  • T Nagar
  • Alwarpet
  • George Town
  • Perambur
  • Korattur
  • Besant Nagar
  • Madipakkam
  • Vadapalani
  • Karambakkam
  • Santhome
  • Kannammapet
  • Tambaram
  • Siruseri
  • Guduvanchery
  • Chromepet
  • Ambattur
  • Anna Nagar
  • Mylapore
  • Velachery
  • Alandur
  • Sholinganallur
  • Nungambakkam
  • Royapettah
  • Parrys
  • Ayanavaram
  • Redhills
  • Thiruvanmiyur
  • Neelankarai
  • Valasaravakkam
  • Thirumangalam
  • Ekkatuthangal
  • Moolakadai
  • Chengalpet
  • Tidel Park
  • Urapakkam
  • Thiruvottiyur
  • Koyambedu
  • Etc...
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