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Loans Against Property

Loans given to small and medium enterprises for fulfilling their working capital requirement against their existing commercial or residential property. Loan amount up to ₹5 crore. Loan tenure upto 180 months.

Features

  • Loans against property is provided up to ₹5 Crore
  • Loan tenure up to 180 months.
  • Quick turn around time.
  • Special GST & Banking based assessment policy with limited documents is also available.
  • Special Site visit based assessment policy with limited documents is also available for up to ₹1 crore.
  • Loans given to small and medium enterprises for fulfilling their business needs against their existing commercial or residential property.

Eligibility

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Customer Profile

Small and medium sized manufacturers, dealers, traders, and service providers engaged in various industries.

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Property Ownership

Ownership of at least 1 property is mandatory

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Banking

Title should be clear as per company policy

Documentation

  • Photograph
    • Latest Color Photograph
  • Identity proof of promoters(Any One)
    • Voter ID Card / PAN Card / Passport / Driving License / Aadhar Card / Govt. issued document + Photograph / Bank Sign Verification + Photo KYC documents of Firm
  • Income Proof
    • Audited/ Unaudited financial statements with all schedules/ ITR of last 3 Years.
  • Bank Statement
    • Last 1 year bank statement of all banks
  • Loan Details
    • Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any
  • Property Documents
    • Original documents of the property to be mortgaged

Common Question for this loan

To support SMEs for their working capital and capital expenditure requirements like purchasing machinery, building commercial or industrial property.

SMEs with 2–3 years business vintage, financial documents, stable cash flow, and good loan repayment history.

Based on property type, banking credits, GST returns and customer profile. Rate for Loan Against Property can be upto 16%.

Up to Rs 5 Crore. Based on property valuation, financials and business requirement

12 to 180 months.

Upto 4 Days.

Yes. Residential, commercial or industrial property.