Urban Money

Edelweiss Financial Services Loan Against Property

Edelweiss Financial Services
4.5

You will find it comparatively easy to apply for Edelweiss loan against property offerings. This is ideal for companies or individual borrowers who have encumbrance free real estate assets and require urgent funds. They can mortgage the same for getting up to 70% of the property'ss market value to help with business expansion or consolidation, repaying debts, weddings, higher education of children, investing in another property and so on. You can enjoy a smooth Edelweiss loan against property online application procedure while also appreciating the highly competitive Edelweiss loan against property interest rate simultaneously. The types of properties that are financed include leased residential or commercial property, self occupied residential or commercial property and lease rental discounting (LRD) against commercial property. You can take this loan for covering working capital requirements as well. Loans up to Rs. 25 crore are sanctioned with tenures up to 15 years. Refinance and top up provisions are also available for all existing loans. For LRD offerings, the tenures are a maximum of 9 years.

  • Edelweiss Financial Services
  • Loan Against Property
Loan Amount:₹1L - ₹2Cr
Interest Rate:8%
Processing Fee: 1% - 3%
Tenure:15 Years
Details
BanksInterest RateProcessing FeeLoan Amount/Tenure
Edelweiss Financial Services

8%

1% - 3%

₹1L - ₹2Cr

Tenure(1 - 15 Years)

Details

Features & Benefits of Edelweiss Loan Against Property

  • Higher loan amounts along with tenures up to 15 years for convenient repayment. 
  • Attractive rates of interest. 
  • Efficient loan processing and handling. 
  • Loan consolidation into one installment. 
  • Fast approvals and processing of loan applications along with flexible repayments. 
  • You can use the funds for meeting both personal and business requirements. 
  • Special offerings for self-employed professionals.

Edelweiss Loan Against Property Eligibility Criteria

Here are some of the Edelweiss loan against property requirements in terms of eligibility:

  • Debt-related obligations, income and savings. 
  • Track record of repayment for all other loans and credit cards. 
  • Value of the mortgaged property. 

Residential Properties

  • Loans for proprietorship firms, self-employed professionals, private limited companies, partnership firms, and closely-held limited companies. 
  • Minimum track record of five years in the business. 
  • Profit-making concern for the last two years. 
  • Rs. 2 lakh per annum in minimum net profit. 

Commercial Properties

  • Loans for proprietorship firms, partnership firms, self-employed professionals, closely-held limited companies and private limited companies. 
  • Rs. 2 lakh per annum in minimum net profit. 
  • At least 5 years with a business track record. 
  • Profit-making concern for the last two years. 

Lease Rental Discounting (LRD)

  • Loans for partnership firms, proprietorship firms, self-employed professionals, closely-held limited companies, and private limited companies. 
  • Lease agreements should be registered. 
  • The lessee should be a reputed bank, corporate, MNC, or financial institution.

Edelweiss Loan Against Property Fees and Charges

Here’s taking a closer look at the fees and charges at Edelweiss: 

Residential

CATEGORY  CHARGES 
Loan Processing  1%
Prepayment / foreclosure  3%*
Stamp duty and other statutory charges As per applicable laws of the state

Documents Required for Edelweiss Loan Against Property

  • Application form 
  • Address and Identity proof
  • Latest salary slips for salaried borrowers 
  • Certificate and proof of business existence for self employed borrowers along with educational qualifications. 
  • Salaried borrowers have to provide Form 16 along with bank statements for the last 6 months and details of all existing loans. 
  • Self employed borrowers have to provide details of income tax returns for the last three years, profit/loss and balance sheet. 
  • They also have to provide information on any existing loans along with bank statements for the last 6 months.

How Edelweiss Compares with Other Lenders?

IDFC First 8% per annum onwards
ICICI Bank 8.35-10% per annum
HDFC Bank 8-8.95% per annum
SBI 8.45-10% per annum

Edelweiss Loan Against Property Customer Care Number

1-800-1026371 is the number that you should contact.

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