Maximum Loan Tenure: 7 Years.
Avail loan up to 50 percent of Project Cost.
Loan available at an attractive ROI of 1.10 % pm.
Term Loan and HL overdraft facility available.
Hassle-free quick processing of loans.
Minimum documentation and quick disbursal.
Easy Payment Options.
ATL - Anytime Liquidity
In the HL overdraft facility pay only Interest and enjoy the Loan facility.
A property loan, or simply property, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. Property loans are also known as or claims on property, Loan against Property, Loan on Property or liens against property. In case, you stop repaying your property loan, the lender/bank has the complete right to possess and sell the secured property.
A property loan involves the following components - principal, interest, tax and insurance. Principal is the amount you actually borrow from your lender. Interest is the reward your lender receives for lending you the money. The interest rate plays a major role in increasing the size of your property loan.
Deposit Against Loan, be it big or small, is most of the time in need of additional funds to meet day-to-day Deposit Against Loan requirements. The required funding also depends upon the nature of the Deposit Against Loan – is it capital-intensive and what is its stage of development, in terms of inception, growth, or maturity?
Usually, businesses need funds the most in the initial stages and for growth perspectives. In this piece of article, we shall discuss almost all the types of Deposit Against Loan loans that are sanctioned by financial institutions in India.