Page-header-breadcrumb

Breadcrumb

LOAN-AGAINST-PROPERTY-CONTENT

Features & Benefits

Are you an Entrepreneur looking for business growth? Lack for finance should not block off your path. We offer Loan Against Property for your business needs.

 

star-with-tick-icon
Quick loan approval
star-with-tick-icon
Longer repayment period up to 120 months
star-with-tick-icon
Flexible repayment options
star-with-tick-icon
No stipulation of financial parameters
star-with-tick-icon
Low processing fee of 0.50%
star-with-tick-icon
Equitable mortgage of immovable property with 25% margin will be required as security

Facilities Offered

Term Loan

For purchase of fixed assets, machinery, equipment etc and construction of office building/factory, godown, furnishing, interior decoration etc.

 

Working Capital or Non-funded limits

For procurement of stock, financing against receivables, meeting advertisement expenses.

 

Demand Loan

For meeting general administrative expenses.

Period

  • Running Overdraft / Demand Loan: 30 Months
  • For Term loan: 120 Months
  • Non Funded Limits : 30 Months

Documents Required

  • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
  • Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
  • Bank Statement (latest 6 months bank)
  • Proof of continuation (ITR/ Trade license /Establishment /Sales Tax certificate)
  • Income Tax/Sales tax returns of proprietor/partners/firms/companies, wherever applicable.
  • Audited/Unaudited financial statements as applicable for the past two years, in case of existing units.
  • Projected financial statements
  • Copy of license/NOC from local body or license from the competent authority for running the business.
  • Other documents may be requested as per individual requirements.