Unlock the value of your property with our title deed loans. Whether you need funds for personal expenses, business investments, or debt consolidation, our flexible loan options provide quick access to cash, allowing you to leverage the equity in your property to achieve your financial goals.
Eligibility Criteria
- You should either be a salaried employee or a self-employed professional/ non-professional.
- Your age should not be more than 60 years if you are a salaried employee and not more than 65 years if you are a self-employed professional/ non-professional, at the time of loan maturity.
Frequently Asked Questions
What can a title deed Loan be used for?
Any loan against a residential or commercial property can be used for both personal and business purposes. In fact, you can use it for anything other than speculative or non-prohibitive activities.
How does Lloyds Capital decide on the amount I can get as loan against title deed?
Basically, we look at your repayment capacity. For calculating the loan amount, your income, age, qualifications, number of dependants, spouse’s income, assets, liabilities, stability and continuity of occupation are taken into consideration. However the eligibility of loan does not, generally, exceed 40 percent of the market value of the property.
Can there be a co-applicant for loan against property? If yes, who can be co-applicant?
You can include your spouse as a co-applicant and that results in a higher amount being lent. However, if the property is co-owned, all co-owners mandatory need to be co-applicants.
What is the tenure of the loan?
Loans against property has a maximum tenure of 24 months, subject to the condition it does not exceed your retirement age. This condition however can be flexible in certain cases
How to repay my loan?
You repay the loan in Equated Monthly Installments (EMIs) comprising principal and interest. Repayment by way of EMI commences from the month following the month in which you take full disbursement.
Can I repay the loan ahead of schedule?
Yes. Prepayment is possible
What security / collateral do I have to provide?
Typically the security for the loan is a first and exclusive charge of the property to be financed, by way of deposit of title deeds and / or such other collateral security as may be necessary. The title to the property should be clear, marketable and free from any encumbrances.
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