Mortgage Loan Agent
Who is Mortgage loan agent?
A person or a company who arrange mortgage loan for the customer from bank and NBFC is called mortgage loan agent.
What is the benefit to appoint mortgage loan agent for your loan?
Mortgage loan is a very lengthy process. Lots of documents are required for mortgage loan. A mortgage loan agent can help you to ready your documents and complete the loan process quickly.
Mortgage loan agent in Kolkata:
You will find lots of people working as mortgage loan agent in Kolkata. Even chartered firm work as mortgage loan agent. You will find tax consultant and individual loan agent who work as a mortgage loan agent. You can find mortgage loan agent contact number and address at justdial, Quikr, Sulekha on the web.
Mortgage loan DSA:
Banks and NBFCs are called their authorized mortgage loan agent as DSA (Direct Sales Agent). Bank provides pay out to their DSA on the basis of disbursement of mortgage loan. DSA are more organized and have better knowledge about loan process than the general agent.
How to choose mortgage loan agent?
All agents are not doing fare business. Some agents or brokers cheat with the people. Some time they make false paper and submit to the bank on behalf of you. That’s very dangerous. Few agents demand very high commission from customer. It is 5% to 10%.
Try to find bank authorized mortgage loan agent or DSA. Usually authorise loan DSA don’t make false documents. They will guide you properly. DSA may take consultancy fee between 1% to 2% of your loan amount. Even some DSA don’t take any fee if your all documents are ready and loan amount is huge. Because they get pay out or commission from bank and NBFC.
# To know more about loan agent please click below link
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Mortgage loan interest rate:
Mortgage loan interest rate is varying bank to bank. It’s range between 8.5% to12.5% usually. Some NBFC has mortgage loan interest rate more than 18%. Bank mortgage loan interest rate is made on the basis of Repo linked lending rate (RLLR). Banks interest rate depends on RBI’s repo rate. To know about current mortgage loan interest rate of different banks and NBFCs you can visit bankbazar or dealforloans.
Loan against property interest rate is changed depending on the RBI’s repo rate frequently. It’s better to know about current interest rate of mortgage loan to visit directly. Every bank has different mortgage loan interest rate for their customer. Bank may provide lower rate of interest for good profile customer. So you can bargain with bank for mortgage loan interest rate.
What are the documents required for mortgage loan?
Following are the basic documents for mortgage loan (Business customer):
- PAN Card (Applicant and Co applicant)
- Address proof (voter card or Driving license or passport) (Applicant and Co Applicant)
- 2 copy passport size photo
- Last 3 years IT files with profit and loss account and balance sheet.
- Last three years Trade license
- One year bank account statement from current account and saving a/c,
- Aadhaar card
Property paper:
- Deed,
- Link deed
- Mutation certificate
- Tax receipt (up to date)
- Building Sanction Plan
- Khajna Receipt
### Other Documents: Customer specific other documents may required.
We , Naskar Financial Services provide a wide variety of loan services against property to meet the requirements of our customer . Our loan against property enables owners to unlock the wealth in their real estate wealth. All or ways to offer loans are at best rates and our ways are most transparent, reliable and convenient without any hidden clauses. We have a wide loan to choose from loan against property.
• Wider coverage with more options
• Easy paper work and genuine
• Only experts will guide you.
The loan is given as a certain percentage of the property’s market value (usually around 50 per cent-65 per cent).
Benefits:
There are various advantages of taking a mortgage loan or Loan Against property (LAP):
To begin with, it works out to be much cheaper than a personal loan.
Generally, Loan Against property (LAP) is given for a maximum tenure of 10-15 years.
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