Edelweiss Loan Against Property

About Edelweiss:

Edelweiss was founded in November 1995 with operations starting from February 1996. It is a diversified financial services company headquartered in Mumbai, India and offers a wide variety of financial products and services. The Group’s focus is on providing credit—Edelweiss offers a wide range of housing finance and other retail credit products aiming at addressing the differing financial needs of customers.

Edelweiss Loan Against Property

Unexpected situations can crop in at any time where you might need some external financial help. If you own property, then you can use it as collateral to raise money, rather than letting lie as an idle asset. You can use the equity of your home or commercial space if you need a substantial amount of money to fund, for instance, business related expenses, debt consolidation, your child’s wedding, or to overcome a financial crisis. With a loan against property from Edelweiss, you can now source funds at a cheaper cost rather than going for a personal loan.

Edelweiss Loan Against Property Features

If you have a real estate asset—be it commercial or residential—free from encumbrance, it could be put to a productive use by mortgaging it with Edelweiss. Following are some of the features of Loan against property from Edelweiss:

• Edelweiss provides up to a maximum of 70% of the market value of your asset.
• Loan tenure up to a maximum of 15 years for easy repayment.

Edelweiss Loan Against Property Benefits

A loan against property from Edelweiss has various benefits including:

• Flexible documentation
• Instant approvals
• Doorstep service through the nearest Edelweiss office
• Competitive interest rates and terms & conditions
• Loan Against Property for personal and business expenses

Edelweiss Loan Against Property Eligibility

Edelweiss loan against property can be availed by salaried individuals, self-employed professionals, and businessmen. They should be able to show a stable source of income, and should be over 21 years old at the time of application of the loan.

Edelweiss Loan Against Property Interest Rate

Edelweiss offers attractive interest rates depending on a host of eligibility criteria which might include, but is not limited to, your credit score, borrowing history and other factors that reflect your financial capability and behavior. For the latest interest rates, it is advisable to contact Edelweiss directly.

Edelweiss Loan Against Property Documents

The documents that you need to submit are as follows:

For the Salaried

• Application form with passport-size photographs
• PAN Card
• Identity Proof – Voter ID / Driving License / Passport (Any one can be submitted)
• Address Proof – Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement (Any one can be submitted)
• Last 3 months salary slip / latest Form 16 issued by the employer.
• Six months bank statement (where salary is credited)
• Processing fee cheque

For the Self-employed Professional

• Application form with Passport Size Photographs
• PAN Card
• Identity Proof – Voter ID / Driving License / Passport (Any one can be submitted)
• Address Proof – Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement (Any one can be submitted)
• Last six months bank statement
• Educational Qualifications Certificate and Proof of business existence
• Last 3 years Income Tax returns (self and business)
• Last 3 years Profit /Loss and Balance Sheet, duly attested by a CA
• Processing fee cheque

For the self-employed businessman

• Application form with Passport Size Photographs
• PAN Card
• Identity Proof – Voter ID / Driving License / Passport (Any one can be submitted)
• Address Proof – Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement (Any one can be submitted)
• Educational Qualifications Certificate and Proof of business existence
• Last 3 years Income Tax returns (self and business)
• Last 3 years Profit /Loss and Balance Sheet duly attested by a CA
• Last 6 months bank statements (self and business)
• Processing fee cheque

Edelweiss Loan Against Property Status Check

You need to keep your Edelweiss loan against property application reference number handy for future referencing. You can approach Edelweiss’s customer care while quoting the application number.

Edelweiss Loan Against Property FAQs

How do I apply for Edelweiss Loan Against Property?

You can apply for Edelweiss LAP in the following ways:

• Online, by submitting the online application form
• Visit your nearest Edelweiss branch

Is there a pre-payment option for Edelweiss LAP?

Yes. You can prepay the loan, subject to terms & conditions specified at the time of application of the loan.

What is the maximum loan amount that I can avail?

The maximum loan amount depends on the market value of the property as assessed by Edelweiss. It will specify the exact amount after approval and successful verification.

What is the mode of repayment?

You can pay in EMIs by way of ECS, by standing instruction to auto debit your account with the monthly EMI amount, by Postdated cheques, or by way of salary deduction.

Edelweiss Loan Against Property Review

Edelweiss offers an array of finance products to suit every need and budget, and facilitates quick completion of the formalities once the loan is approved. It is a multi-purpose loan which you could use in times of financial crisis—for personal as well as business expenditure. Unlock the hidden value of your property by availing Loan Against Property.

How to Get Loan Against Property from Edelweiss

You can apply for Edelweiss Loan Against Property in the following ways:

• Offline: You can visit your nearest Edelweiss Housing Finance branch to discuss your eligibility and for details on your loan against property. You can find the details of all the branches on their website. You can submit your completed application form along with the required documents when you visit the branch.
• Via Customer care: You can also call the customer care number at 022 42722272 / 74 for help with the process.
• Email: You can also email the customer care at homeservice (at) edelweissfin (dot) com for details regarding the loan. You can call the customer care number anytime between Monday to Friday from 10:00 am to 5:00 pm
• Online: You can alternatively fill the online form and apply through their website. A representative will get in touch with you regarding the process.
• Need help? Alternatively, if you think you need advice on loan eligibility, choosing the most suitable offer, or help with your loan application and documentation, CreditMantri can guide you through the entire process and match you with the loan offer that best suits your profile.