+91-9829091432 support@finefforts.com

Loans against Property/Mortgage Loans

What is the most important thing to achieve success in your life? Quite simple the important thing is nothing but is to dream, a vision, and passion for success. And when you have a dream, the next challengecomes to is how to achieve it. Loan Against Property is a tool which helps you in fulfilling you that dream.

So go on and keep on dreaming. While you make your plans, allow us to make surethat they reach their deserved heights.

Features & Benefits
1. Loans from 10 lacs to 30 crore
2. Tenure from 5 years to 15 years
3. Simple documentation
4. Attractive interest rates
5. Loan transfer and top up
6. No hidden charges

You can use the loan for:
• Working capital requirement
• To fill short term financial requirement
• Business Expansion
• To set up new business
• Debt Consolidation
• Home Extension or Renovation
• Marriage, Travel or Education

Products under Loan against property

Lease Rental Discounting:

These are loans where the loan is given to the borrower on the basis of monthly rental received or receivable by him against the property offered to be mortgaged. Banks take an instalment equivalent to 90 percent of the net of the rental received every month & give a loan for the period for which. Rent deed/lease is executed.

Term Loan

Here the borrower pays a fixed monthly instalment towards the repayment of the loan. The longer the tenure the lesser the monthly instalment borrower needs to pay.

Loan for Commercial Purchase (LCP)

These are loans which the borrower takes for the purchase of a commercial property. These loans are given against the mortgage of the property the borrower wishes to buy. These loans are generally capped upto 60 to 70 percent of the market value or 70 – 80 percent of the registered value of the property whichever is lower.

Overdraft Facility

This is a new generation overdraft facility in which both the features of Term Loans & Overdraft Facility are available. These limits can be for a period of 10 years where the drawing power of the borrower is reduced on monthly or yearly basis. These limits do not have a yearly renewal charge but it has a onetime processing fees. This product helps the borrower to get out of debts in a planned way. These are only offered to self-employed persons or companies. DOD is best for Manufactures, traders & retailers where booking capital requirement is needed for day to day transactions.

DOD don’t require a charge to be made on your stocks book debts, it also does not require any quarterly or half yearly audits/statements of the stock.