Mortgage Loan

Loan Against Property (LAP)

Loan against property is one of the most common forms of a secured loan where you can pledge any residential, commercial or industrial property for availing the funds required. The loan amount disbursed is equivalent to a certain percentage of the property’s value and varies across lenders.

While some lenders may offer an amount equivalent to 50-60% of the property’s value, others may offer an amount close to 80%. A loan against property helps you unlock the dormant value of your idle asset and can be used to gratify personal life goals. Businesses use a loan against property for business expansion, and product development among others.

Loan to purchase commercial property

This is one of the easiest ways, you can raise money i.e. by keeping your commercial property as a mortgage for availing a loan. That means your own property helps you in getting a loan. Commercial Property Purchase Loan is a secured loan is often used by a business entity to secure funds for the purchase of their new office or shop or retail establishments. This type of loan is available only for commercial borrowers.

It provides a greater deal of flexibility and easy access to capital. Here the interest rate is higher than the Home Loan rate. Points considered while evaluation a commercial property purchase loan proposition is the quality of the collateral, the creditworthiness of the lender, the repaying capacity of the business which can be measured through various financial ratios derived from their balance sheet and profit & loss statements.

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SME Loans

The SME loan product is in place to facilitate the following objectives

• To improve the credit flow in the market in the SME segment
• To make policies & norms in this sector so as to ensure that timely finance and funds are available to the SME's

The disbursed funds from SME Loan can be used for any of the following needs:

• Working Capital Requirements
• Purchase of inventory
• Purchase of additional plant & machinery
• Payments to debtors

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Personal Loan

Offering an instant liquidity, a personal loan is one of the most popular types of unsecured loans. However, since a personal loan is an unsecured mode of finance, the interest rates are higher compared to secured loans. A good credit score along with high and stable income ensures you can avail this loan at a competitive rate of interest. Personal loans can be used for one of the following purposes.

• Manage all expenses of a family wedding
• Pay for a vacation or an international trip
• Finance your home renovation project
• Fund the cost of your child’s higher education
• Consolidate all your debts into a single loan
• Meet unexpected/ unplanned/ urgent expenses

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