Loan Against Property

We offer business and personal loan by mortgaging property which is in the name of applicant / Co-Applicant based on the income of Applicant and Co-Applicant. The basic requirements for availing this type from our company are

Applicant / Co-Applicant should have clear title of the property.
Property should have no encumbrance
Property should have clear access
Property deed should have a clear flow from the mother deed
Patta if available is preferred
Other property proofs like Property Tax Bill, Electricity Bill are required
Applicant / Co-Applicant should have income with proof in commensuration with the loan requirement.

Interest Rate

Our loan in this category attracts an interest rate of 24% (Equal to or above 4 Lakhs) and 26% (Below 4 Lakhs) per annum calculated on the basis of monthly diminishing rate. Interest thus calculated and a portion of principle are payable as equated monthly installments. The maximum loan tenure offered by us is 84 months and the maximum loan amount under this category is 7 Lakhs.

Products

Loan Against property	2.00 – 7.00	3 – 7 Years	21 – 26 %	Preferred
Secured MSME	2.00 – 7.00	3 – 7 Years	21 – 26 %	Preferred
Secured Agri and Allied	2.00 – 7.00	3 – 7 Years	21 – 26 %	Preferred
Housing Loan	2.00 – 7.00	3 – 7 Years	21 – 26 %	Preferred