If you want to avail home loan from bank or NBFC, Sanction plan or approved map of property is a critical document. Before offering sanction letter to the borrower, bank checks with their empanelled valuer that property is constructed as per by laws and approved map or not. If property is not constructed as per approved map then bank may reject the loan application.
However, there are many properties in Delhi & NCR where approved map is not available. Map is not available due to various reasons, like property is in Lal Dora area so approved map is not required to construct a house, Property is very old, Sanction plan missing or lost, etc.
If you are buying a property, where approved sanction plan or approved map not available then bank or NBFC may reject your loan application. However, LOAN ON PHONE is here to help you to avail loan against property without map from bank or NBFC.
Our professional consultant will provide you expert advice to get loan on without map property and also help you to choose best bank or NBFC, who offers you lowest rate of interest on home loan without map property with nominal bank processing fees.
You can borrow home loan without map, from bank or NBFC on following types of property:-
Home Loan on property without map is an agreement between borrower and the lender (bank or NBFC) that regulates the terms of loans. Loan eligibility criteria for almost all the banks are different but there are some common loan eligibility criteria which borrower has to fulfill to avail home loan from bank or NBFC.
Following are some key important factors which would be checked by bank or NBFC to accept or reject the home loan application:-
Documents required for Property without Map Home Loan depends upon the type of employment of an individual.
Documents required for different types of employment are as follows:
Home loan without map property rate of interest vary from bank to bank. It is higher than standard home loan. Rate of interest is in between 8.50% p.a. to 11% p.a. it is advisable to compare home loan without map property interest rates of different bank and financial institutions and chose the best one which suits your need..
You may take an expert advice of LOAN ON PHONE professional consultants who will help you to choose best bank who offers you lowest rate of interest on Home Loan with ZERO / nominal bank processing fees.