Property Mortgage
Loan against Property SKR/ BG / Mortgage All over India and all property Loans available all over India
DOCUMENTS REQUIRED FOR PROPERTY LOAN.
1. PHOTO COPY/ XE-ROX OF PROPERTY PAPER’S.
2. OWNER’S RESIDENTIAL PROOF/ID. PROOF.
3. OWNER’S TWO LATEST PASSPORT SIZE PHOTOGRAPHS.
TERMS OF OFFER
1. Two Govt. servant or two Tax payee or two property holders Guarantee by us same other property related documents required by borrower after search out the property papers is concerned authorities.
2. Documents should be completed within forty-five days from issued date of approval otherwise company reserves the right to cancel the loan.
3. The loan shall be carrying a rate of interest at the rate of 5 % per annum on reducing basis. A concession at the rate of 1 % shall be allowed after the expiry of first financial year in the event of timely payment has been made during the first financial year. That means an effective rate of interest shall be at the rate of 4.5 % per annum during the relevant period of tendency of the loan.
4. Amount of loan allowed up to a maximum of 70 % of the current market value of the property offered for mortgage.
5. Minimum amount of loan can be 3 lakhs and above.
6. All kinds of property titles are acceptable for mortgage.
7. Installments payable by Monthly, Quarterly, Half Yearly, and Yearly basis.
8. No Possession required or loan undertaken.
9. Property of any type of anywhere in India is acceptable.
10. Premature payment of loan and termination of mortgage is allowed without any penalty or charges income and future plan shall be taken in to consideration.
11. Only actual legal and valuation expenses are required to be borne and paid by the borrower after the loan approval, if approved, and only after having received the loan sanction/commitment letter from us by the borrower.
12. The provision of issuing a sanction/commitment letter, if issued is a binding of the prospective.
13. Loan process and disbursement both taken above 15days. (After verification).
OUR VALUATION FOR LEGAL EXPENSES
1.Verification charges as per company norms to be paid to the site inspection officers at the time of his visit to the site for inspection of property.
2. Legal search/valuation charges (These are payable according to loan amount & paid amount after but before disbursement.
Bank Guarantee Loans
I. Loans against Bank Guarantee (private funding)
1. Borrower has to produce Bank Guarantee from Nationalized or any MNC Banks
2.Agreement Between Banker and Funder will be made on Bank Guarantee in respect to the client’s loans with Funder.
3.Interest rate @ 4.5% per annum on reducing basis
4.Loan Amount should be minimum one crore Indian Rupees
5.Maximum repayment years:22
6.Upfront charges;
a) Rs.50,000 upto 1-5 crores
b) Rs. 1,00,000 above 5 crores
c) Service charges depends on loan amount.
d) Upfront charges will be deducted from service charges at the time of disbursal of loan amount.
II. Loans Against Safe Keeping receipts:
1. Borrower has to produce a safe keeping receipt from bank.
2. Agreement Between Banker and Funder will be made on safe keeping receipt in respect to the client’s loans with Funder.
3.Interest rate @ 4.5% per annum on reducing basis
4.Loan Amount should be minimum one crore Indian Rupees
5.Maximum repayment years:22
6.Upfront charges;
a) Rs.50,000 upto 1-5 crores
b) Rs. 1,00,000 above 5 crores
c) Service charges depends on loan amount.
d) Upfront charges will be deducted from service charges at the time of disbursal of loan amount.
Loans for above 1 crore thru mnc banks
mnc bank loan details
a. 4% bank guarantee has to be obtained first of the total loan amount required
b loan from mnc bank will be provided at an annual interest rate in between 3 to 4% per annum on reducing basis
Below are the various types of loans which we do
1) Personal loans 2) Project loans 3) Home loans 4) Agricultural loans 5) Takeover loans 6) Education loans
Loans thru private financiers.
1. Private Finance available just at 5% per annum
2.upfront charges of 1% of total funds required will be taken on the day of agreement and will be deducted from service charges when the loan will be funded to the client
3.Loans thru any bank in India
4.business partners can be arranged
Funding Against Safe Keeping Receipt
Step 1.To raise safe keeping receipt (skr) thru any nationalized banks or mnc banks
step 2.to fund on the raised safe keeping receipt
Procedure:
a. After the intial agreement such as my service charges, upfront charges etc (note: advance charges are deducted from the final service charges)
b.Raising of Safe keeping rececipt
i.submission of xerox papers as original papers of client with nationalized/Mncs Bank ltd
ii.submission of id proof,adress proof,photographs etc.
iii. 6% of total amount of skr has to be given to bank(receipt of only 3% of total amount of skr will be given to client,3% will be our skr making charges
iv. initial 3% can be given to bank ,later 3% can be given after funding.
v raising of skr will take maximum of 15 days l
Funding Terms against Safe Keeping Receipt:
1.80-100% can be funded
2.maximum tenure: 10-15 years
3.Disbursal of funds by my Funder will take maximum of 20 days after skr is issued by the bank.
4. Original skr will be with the Funder until the full repayment is done
5.service charges: 1-6% (we can have discussion on this)
Any Clarifiactions kindly contact me.
Loans against Safe Keeping receipt:
Interest letter by your borrower/client:
1. Letter of interest has to be made in the favor of my lender by your borrower/client
2. The format of letter I will mail once your borrower regarding raising funds on the
Safe keeping receipt.
Procedure:
1. Letter of intent will be provided by the lender to raise Safe keeping receipt
2. Safe keeping receipt has to be produced by a nationalized bank /multinational bank.
3. Safe keeping receipt making charges will be 5-6% on the property value
In the lenders format.
4. Maximum no of days to get safe keeping receipt r will be 7 working days
Funding on Safe Keeping Receipt:
1.70% to a maximum of 80% of funding will be provided to the client in
The form of demand draft or any other form which the client accepts.
2. Rate of interest: maximum of 4-5% per annum
3. Maximum term period of loan will be as per
Skr date, 5yrs, 7yrs, 10yrs, 15yrs, and 20yrs.
4. Interest and principal amount will be paid as per the agreement with the lender.
5. Maximum no of days to get the loans for the borrower within 15 working days.
DOCUMENTS REQUIRED FOR PROJECT FINANCE: -
The Documents required in the initial stages are as follows: -
1. Project Report.
2. The Balance Sheets of the previous five-year (in case of an existing unit
3. Financial Projections for the next five years including the following documents: -
a) Balance Sheets for the next five years.
b) Cash Flow Statement.
c) Funds Flow Statement.
d) Repayment Schedule.
e) Other Financials.
f) Last three year’s I.T.R. of Company OR Firm
4. Details of the firm depending upon the constitution – Partnership, Company, Society, etc.
5. Documents of the firm – Partnership Deed, Memorandum & Articles of Association,
6. Certificate of Incorporation, Board Resolution, Indenture of Trust (R.O.T.) etc.
Related to : SKR/ Bank Gaurantee/ Morgage And Project Finance Avalable all over india
For Loan against Property (LAP) in Delhi Contact Us @ +91 995.895.9555
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