Truhome Finance Loan Against Property

Get a Truhome Finance Loan Against Property (LAP) of up to ₹1 Crore on Bajaj Markets with rates starting from 14.75% p.a. Choose a convenient tenure of up to 15 years and also enjoy the benefit of a simple online process with no hidden charges.

TruHome Finance provides two categories of Loan Against Property, catering to both personal and business requirements. Depending on your need, you can mortgage either residential or commercial property to access funds with flexibility and security. 

• Loan Against Residential Property 

This option is suitable for salaried and self-employed individuals seeking to leverage the value of their residential property. Use your home as collateral to secure funds for personal requirements such as marriage, education, or medical expenses. 

You can get loans of up to ₹1 Crore with 75% of the property’s value, and a repayment tenure of up to 15 years. 

• Loan Against Commercial Property

Pledge your commercial property to obtain a loan for business purposes, such as purchasing office space, consolidating debts, or managing working capital. By unlocking the value of your property, TruHome Finance supports financial growth and long-term stability. 

This facility provides businesses with convenient access to funds, making commercial property a valuable resource for meeting diverse financial requirements.

You need to meet the following eligibility criteria:

• Age: Your age must be at least 25 years to apply and below 70 years at the time of maturity

• Income: Your monthly income should be more than ₹30,000

• Work Experience: Salaried applicants must have a minimum work experience of 2 years, and self-employed applicants must have worked in a respective field for at least 3 years

Here are the documents required at the time of application for the Truhome Finance LAP:

Proof of Identification, Age, and Address: (Any one of the following)

• Driving licence

• Passport

• PAN card

• Employee ID

• Bank passbook

• Ration card

• Class 10th mark sheet

• Utility bill

• LIC policy receipt

• A letter from a recognised public authority verifying the residential address

Proof of Income (Salaried Applicants)

• Form 16

• Letter of certification from the employer

• Pay slip for the last 2 months

• Bank statements for the last 6 months

• ITR of the last 3 years

• Increment or promotion letter

• Investments proofs

• Passport-size photograph

Proof of Income (Self-employed Applicants)

• ITR of the last 3 months (Attested by a CA)

• Balance Sheet and Profit and Loss account of the firm for the last 2 years

• Computation of income

• Details about profession or business

• Passport-size photographs

• Investments proof

• Photocopy of certificate of registration, practice, and establishment, deduction of professional tax

Property Documents

• Original copy of the sale deed, agreement of sale with the builder 

• Building and land tax paid receipts, possession certificate, and location sketch of the property, certified by the revenue authorities

• Letter of allotment given by the housing board, society, or the private builder

• Original No Objection Certificate (NOC) from the housing society or builder 

• Detailed estimate of the cost of construction of the house

• Original receipts of the advance payments made towards the purchase of the flat

• Original receipts of the land tax paid and possession certificate as issued by the revenue authority

• An approved copy of the building plan (floor plan/ key plan in case of flat purchase)

You can apply for a Truhome Finance Loan Against Property by following the process below:

1. Click on ‘Check Offer’ on this page

2. You will be directed to the online application form

3. Select the type of loan you wish to apply for (New Home Loan, Home Loan Balance Transfer, Loan Against Property, or Loan Against Property Balance Transfer)

4. Choose your profession (Salaried Employee or Business Owner)

5. Enter your mobile number to continue with the eligibility check

6. Agree to the terms of use and authorise the sharing of details as required

7. Click on ‘Apply Now’ to submit your application

A loan executive will get in contact with you shortly after you complete this process.

You can easily track the status of your Truhome Finance Loan Against Property application online and offline. The process is simple and customer-friendly, and you can follow these methods below: 

Customer Care Helpline

1. Call the toll-free number 1800-102-4345

2. Provide your loan application details to the representative

3. Receive the latest update on your application status directly from the executive

Email Support

1. Write an email to contact@truhomefinance.in

2. Include your loan application details, such as reference number and registered contact information

3. The support team will share the current status with you via call, SMS, or WhatsApp

Online Service Request

1. Visit the official Truhome Finance website and navigate to the ‘Contact Us’ section

2. Click on the ‘Service Request’ button on the right side of the page

3. Enter your Name, Email ID, and Mobile Number in the respective fields

4. Provide your Loan Account Number and select your state and city from the dropdown menus

5. From the ‘Category’ dropdown, choose ‘Others’

6. Type your feedback, query, or request to check application status in the ‘Feedback/Suggestions’ text box

7. Attach documents in .pdf, .jpg, or .jpeg format if required

8. Tick the checkbox to agree to the Terms and Conditions, and then click ‘Submit’

After your request is processed, a representative will provide the status of your Loan Against Property application.

You can download your Truhome Finance Loan Against Property statement online through the service request form or instantly via the Truhome Finance Mobile App. Here are the steps you can follow:

Via Service Request 

1. Go to the official Truhome Finance website and open the ‘Contact Us’ section

2. Click on the ‘Service Request’ option available on the right

3. Provide your Name, Email ID, and Mobile Number

4. Enter your Loan Account Number and choose your state and city from the dropdown menus

5. From the Category dropdown, select ‘Account Statement/List of Documents/Repayment Schedule’

6. Specify in the Feedback/Suggestions box that you require the statement for the chosen tenure

7. Upload any necessary supporting documents

8. Accept the Terms and Conditions and click ‘Submit’ 

Through the Truhome Finance App

1. Download the official Truhome Finance App from the Google Play Store or Apple App Store

2. Log in with your registered credentials using an OTP or password

3. Navigate to the Loan Account section to view your loan details

4. Select the ‘Download Statement’ option to access your Loan Against Property statement

Truhome Finance offers flexible repayment options for a Loan Against Property, ensuring convenience and ease of payment. The available methods include: 

• Regular EMI Payments

You can repay your loan through fixed monthly instalments (EMIs). These payments ensure timely repayment of both principal and interest over the loan tenure. 

Truhome Finance provides secure online platforms and multiple payment gateways to make the EMI process convenient and hassle-free.

• Prepayment and Foreclosure

Truhome Finance provides prepayment and foreclosure facilities to reduce your loan burden. Prepayment allows you to make lump-sum payments towards your Loan Against Property, thereby lowering the outstanding principal and interest liability. 

Foreclosure enables full repayment of the loan before the tenure ends, helping you achieve financial freedom sooner.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.