Product Brief
Loan against Residential / Commercial Property:
Brief:
- Here the customer can avail a loan against residential / commercial property; the maximum funding is up-to 70% of value of property as assessed by the panel valuer of bank.
- Funding % will differ based on usage of property / No of Units etc..
- Loan will be disbursed to our Customer.
- Few Banks offer Combination of LAP and Over Draft.
Lease Rental Discounting: (LRD)
Brief:
- Here the customer can avail a loan, discounting the rent received from commercial property, maximum funding is up-to 60% - 70% of value of property as assessed by the panel valuer of bank.
- Funding % will differ based on usage of property / No of Units etc.
- Profile of Lessee and Lease tenure will be the deciding factor of loan amount.
- Loan will be disbursed to our Customer.
Loan Against Plot:
Brief:
- Here the customer can avail a loan against Plot; the maximum funding is up-to 40% of value of property as assessed by the panel valuer of bank.
- Plot needs to be in municipal limits as mentioned in the product policy.
- Very Few Banks offer Loans against plots.
Loan Against Industrial Property:
Brief:
- Here the customer can avail a loan against Industrial Property; the maximum funding is up-to 40% - 50% of value of property as assessed by the panel valuer of bank.
- Property needs to be in limits as mentioned in the product policy.
- Property to have RCC Structure.
- Few Banks offer Loans against Industrial Units.
** Multiple Properties can be given as collateral to arrive at maximum loan amount.
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