Loans Against Property are used for raising the financing by SME or Corporate customer to expand their business.

Loan Against Property is offered by banks/Financial institutions against residential / commercial properties which are freehold. These loans help you for rising the funding

Features & Benefits &:

• 1) The loan amount is based on percentage of the valuation of the property & Financial of Entities being offered as collateral this percentage ranges up to 75% on Residence & up to 65% on Commercial depending on the banks/Financial institutions and condition of the collateral security.
• 2) In case Loan under SME scheme than loan amount is based on percentage of the valuation of the property & Financial of Entities being offered as collateral this percentage ranges up to 100% depending on the bank and condition of the collateral.
• 3) Loan against Property is also taken in the form of a Term Loan or Overdraft Facility.
• 4) Loan against property has the potential to Medium & Larger ticket Up to Rs. 25 Crore can be disbursed depending on the Bank / Financial Institution & property location and value.
• 5) The loan tenure from 10 Yrs to 15 Yrs.
• 6) There are also No prepayment charges in case the loan is repaid before the stipulated tenor
• 7) Lower interest rates for loan against property range from 11% -12 & SME 14% base on company Financial & Rating.
• 8) Minimum age of 21 years and maximum age of 65 years