Loans for Resale Flat Purchase from Mohan Finserv
Are you interested in purchasing a resale flat in Chennai but unsure of how to secure a loan for it? Mohan Finserv offers tailored home loan solutions to finance the purchase of resale flats, ensuring a smooth, hassle-free process. Whether you are buying a ready-to-move flat or an older property, we are here to help you every step of the way, with competitive interest rates and flexible terms.
Loan Process and Procedure for Resale Flat
Initial Consultation and Eligibility Check:
The first step is to meet with us for a detailed consultation, where we assess your financial status, including income, credit score, and liabilities. Based on this information, we’ll determine the loan amount you’re eligible for and suggest the most appropriate loan plan for your resale flat purchase.
Application Submission:
After finalizing the loan plan, submit the loan application form along with essential documents such as identity proof, address proof, recent bank statements, salary slips or income tax returns, and property-related documents of the resale flat you wish to purchase (including the title deed, NOC from the seller, and tax receipts).
Property Verification and Legal Checks:
Mohan Finserv will carry out an in-depth legal check on the property to confirm the ownership, clear title, and absence of any existing legal disputes or encumbrances. We also verify that all property taxes are paid and that the flat is free from any financial liabilities.
Document Verification:
At this stage, we verify your personal documents as well as the property-related documents submitted by the seller. This process ensures that everything is in order before moving forward with the loan approval.
Loan Approval and Sanction Letter:
Once all checks are complete, and the property is verified, we proceed with the loan approval. You will receive a sanction letter detailing the loan amount, terms of repayment, interest rates, and tenure.
Loan Agreement and Signing:
After reviewing the sanction letter, you will sign the loan agreement. This legally binding document outlines the agreed-upon terms and conditions of the loan, including the repayment schedule.
Disbursement of Funds:
Upon signing the agreement, Mohan Finserv disburses the approved loan amount directly to the seller, completing the transaction. We ensure that the fund disbursement is smooth and timely so that you can take possession of your resale flat without delays.
Why Choose Mohan Finserv?
Comprehensive Support:
From initial consultation to loan disbursal, our team at Mohan Finserv is with you at every step of the process to ensure a seamless experience.
Expert Property Verification:
We conduct thorough checks to ensure that the resale flat you’re purchasing is legally sound, free of disputes, and ready for transfer.
Flexible Loan Options:
Our loan plans come with flexible repayment schedules, allowing you to choose the best option based on your financial comfort.
Competitive Interest Rates:
We offer some of the most attractive interest rates in the market, making your resale flat purchase more affordable.
At Mohan Finserv, we aim to make your resale flat purchase in Chennai a smooth and stress-free experience.
With expert guidance and reliable financing, you can confidently make your purchase and move into your new home. Let us help you unlock the door to your perfect resale flat!