Loan against property

There are many tipes of property Loan, it could be decided on the basis of authorities who has rights to regulate these properties  like SRA property, MHADA, MUNICIPAL CORPORATION, CIDCO, GRAMPANCHAYAT, GAONTHAN etc... In Maharashtra mostly above types of property belongs who issues NOC to lenders  and other approval in respect of property transactions, renovation etc...   society not resister and convince....when a Bank /NBFC get application for lending they..  

1.Verify these properties ownership transactions.

2.Lien(if any), any dispute regarding dues in respect of property tax, maintenance bill, technically check and 

3. Check current  valuation at the same time.

4. Probability of lending depends on customer's self (actual) assessment of income (mostly 50%of income consider for total monthly emi decide maximum eligibility for lending), repayment history, banking, liability, and 

 5.Lastly actual situation of property ....ie. following 

I. SORP Property  Loan : when customers  take loan against residential Property which is occupied by themself or family member's,  it's called SORP property(LTV Max 70%)*T&C 

II.  SOCP Property Loan : When customers take loan against commercial property occupied by themselves or family members its called SOCP property (LTV Max 60%)*T&C

III. Vacant Residential Property Loan : Mostly NBFC or Banks avoid lending vacant property(LTV Max 55%)*T&C

IV. Industrial Property: Only few NBFC/Banks lending on Industrial property (Maximum LTV 40%)* T&C

Note: All above details are my personal opinion and experience, all bank /NBFC /lenders or Property authorities/ society are have their own rules and regulations in respect of their business/services.