Kosamattam Finance is a non-banking finance corporation (NBFC) which offers various financial products including the option to avail a loan against property.
You can avail a loan in order to fulfil your personal needs by providing property as a security. You can avail a loan against property at attractive rates of interest and flexible repayment tenure.
The lender will take into account your repayment capacity by reviewing your age, occupation, income qualification, based on which they will decide the loan amount you will be eligible for.
Your spouse can be your co-applicant. All co-owner of the property can be the co-applicant but not necessary that all the co-applicant should be the co-owner of the property.
Processing fee will be 1.5% of the loan amount plus GST.
The rate of interest will be calculated on daily reducing balance.
You can repay the loan as EMIs. You can visit the official website of Kosamattam Finance and pay the EMI by clicking on ‘online payment’. You can then enter the details of your log in credentials and pay through your preferred mode of payment.
Yes, you can repay the loan ahead of the schedule. You won’t be charged any prepayment or foreclosure fee.
Yes, you will have to ensure that the property which you will provide as a collateral is insured for fire or any similar hazard.
Yes, third-party property can be taken as a collateral security provided its owner is either your parents, spouse, sibling, children, or your in-laws.
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