Loan against Commercial, Residential, Industrial properties to raise a Business-Loan at a lower rate of interest, longer tenure and higher ticket size.
  • Loan amount ranging from INR 25 Lakhs to 1.5 crores.
  • Tenure from 6 months to 5 years.
  • Quick & easy processing.
  • ECS / SI / Auto debit facility of EMIs payment.
  • Nil foreclosure after lock-in period of 6 months.
  • Collateral Value from 100% upwards of the Loan amount for a reduced ROI in the range 16 to 14%.
  • Industrial Units as Collateral Security also acceptable.
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    Criteria:
  • Business Vintage of minimum 2-3 years.
  • Repayment capacity of 1x to EMI.
  • Minimum CIBIL score of 650 with regular Repayment track record of existing/past loans.
  • One of the Directors/Promoters should have their own house.
  • Additional Disbursal Essentials / Security:
  • Equitable/Registered Mortgage of Residential/Commercial/Industrial properties owned by Individual/Firm/Company.
  • Personal Guarantee of Promoters/Directors and other key executives..
  • Security Cheques equivalent to Loans amount from Entity as well as from guarantors.
  • Security Cheques equivalent to Loans amount from Entity as well as from guarantors.