Loan Amount Upto 5 Crores
Avail Loans against Property for
Business expansion
Debt consolidation
Converting working capital limit to term loan
Purchase of plant and machinery
Age: min 18 Years to max 65 Years at the end of loan tenor
Eligible borrower: proprietorship firms, partnership firms, limited companies
Eligible property: residential, commercial, industrial property, farm house etc.
The property should be fully constructed, clearly demarcated, identifiable & registered
Loan amount is also calculated based on last year's EBITDA or weighted average of last 2 years' EBITDA. Firm/company should have been in operation for the last 3 years. Firm/company should be making cash profits for the last two years
Credit reference: the applicant should have a sound credit history
KYC documents: identity proof, residence proof, age proof, latest photograph, signature verification, proof of contact ability, proof of experience, proof of stability residence
Banking statements: latest 6 months' processing fee cheque
Lease Deed Agreement
Additional documents
For self-employed professional: education qualification certificate; business stability proof / ownership proof; last 3 years' income tax returns with computation of income; last 3 years' CA certified / audited balance sheet and profit & loss account
For self-employed non-professional: education certificate; last 3 years income tax returns with computation of income; last 3 years CA certified / audited balance sheet and profit & loss account; business
Processing fees: 1% of loan amount agaisnt residential properties and 1.5% of loan amount against non-residential properties
