Welcome to KURAKULA'S — Your Trusted Partner for Home Loans
At KURAKULA'S, we know that leveraging the value of your property can open doors to endless financial possibilities. Our mortgage loan solutions are designed to provide you with the funds you need while keeping your property secure.
Do You Know where to use this Mortgage Loan :
- Home Loan (Purchase Mortgage): This is the most common type of mortgage loan. It is used to buy a new home, apartment, or other residential property. The loan amount can cover up to 80- 90% of the property’s value.
- Home Loan for Renovation or Extension:This type of mortgage loan is used to renovate, repair, or extend an existing home. It allows you to borrow against the existing value of your home for home improvement projects.
- Home Loan for Plot Purchase: If you already have a mortgage loan, you can refinance it to obtain better terms, such as a lower interest rate, a longer loan tenure, or lower monthly payments. Refinancing typically involves taking out a new mortgage to pay off the existing one.
- Reverse Mortgage: A reverse mortgage is available to senior citizens who own a home and need extra cash. In this arrangement, the homeowner borrows against the equity in their home and does not have to repay the loan until they sell the home, move out, or pass away.
- Commercial Mortgage: These loans are designed for purchasing or refinancing commercial properties, such as office buildings, retail spaces, or industrial properties. The terms and conditions are different from residential mortgage loans.
Get a Free Financial Advice
Why Choose KURAKULA'S for Your Mortgage Loan?
- Attractive Interest Rates: Enjoy competitive rates to make your repayments easier.
- High Loan Amounts: Unlock the full potential of your property value.
- Flexible Repayment Tenures: Choose repayment periods that fit your financial plan.
- Quick Approvals: Fast and efficient loan processing.
- Transparent Terms: Clear and straightforward agreements with no hidden costs.
Our Mortgage Loan Features:
- Loans against residential, commercial, or industrial properties
- Financing for personal or business needs
- High loan-to-value ratio
- Minimal and hassle-free documentation
- Flexible repayment options
How It Works:
- Apply Online or Visit Us: Submit your application with basic property and personal details.
- Quick Evaluation: We assess the value of your property and financial requirements.
- Approval & Disbursement: Receive a prompt loan approval and disbursement.
- Access Funds: Use the funds for business expansion, debt consolidation, or personal expenses.
Eligibility Criteria:
The eligibility requirements for a mortgage loan generally include:
- Age: Most lenders require applicants to be between 21 and 60 years old.
- Income: A steady income stream and job stability are essential. Lenders often check your income against your debt-to-income ratio.
- Credit Score: A good credit score is crucial for securing favorable interest rates and loan terms.
- Property Valuation: The property you wish to buy will be appraised, and the loan amount will be based on its market value.
Key Features of Mortgage Loans
- Loan Amount: The amount you can borrow depends on the value of the property you want to purchase and the lender’s assessment of your ability to repay the loan. The loan typically covers a large portion of the property’s purchase price, with the borrower contributing a down payment (usually 10-20%).
- Fixed Interest Rates:The interest rate remains constant throughout the life of the loan, ensuring stable and predictable monthly payments.
- Floating (Variable) Interest Rates:The interest rate may change periodically, often in line with market conditions or the lender’s benchmarks.
- Down Payment: The down payment is the initial amount you pay upfront toward the property’s purchase price. It is typically a percentage of the property value (often 10-20%).
- Loan Tenure: Mortgage loans typically have long repayment periods, with common terms ranging from 15 to 30 years. A longer tenure means lower monthly payments, but more interest is paid over time.
- Collateral:The property you purchase with the mortgage loan serves as collateral for the loan. If you default on payments, the lender has the right to foreclose on the property.
- EMIs (Equated Monthly Installments):Mortgage loans are repaid in monthly installments over the loan tenure. Each EMI typically consists of both principal and interest payments.
Required Documents:
- Age: Most lenders require applicants to be between 21 and 60 years old.
- Income: A steady income stream and job stability are essential. Lenders often check your income against your debt-to-income ratio.
- Credit Score: A good credit score is crucial for securing favorable interest rates and loan terms.
- Property Valuation: The property you wish to buy will be appraised, and the loan amount will be based on its market value.
Unlock the Value of Your Property Today!
- : 9246545737
- : info@kurakulas.com
- :
With KURAKULA'S, you can turn your property into a powerful financial asset. Whether for personal goals or business expansion, we provide the support you need.