Indiabulls Housing Finance - Loan Against Property - Self Employed-Business

9% Interest Rate
1% Processing Fees
5 - 20Years Tenure

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.

Loan amount is considered based on type of property, current usage of the property & the market value of the property

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

Property documents: property sale agreement along with entire previous chain of sale agreements; receipt/(s) of initial payment/(s) made to the seller; share certificate, occupancy certificate / approved plan copy

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