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What is a Loan Against Property ?
Through our Loan Against Property, you can elevate your retail business to new heights by harnessing the value of your residential or commercial property. We provide the essential resources for your business growth, be it expanding your capacity, securing working capital, or stocking up on inventory. With favourable terms and financial adaptability, we ensure that your retail enterprise flourishes without any limitations.
As your dependable and trustworthy partner in retail business financing, we are dedicated to making the loan acquisition process for your shop or store completely hassle-free. With our expert guidance and efficient services, you can confidently concentrate on expanding your business and reaching your objectives. Embrace the potential of your retail business with our Loan Against Property, embarking on a journey toward prosperity and success.
Features and Benefits of Loan Against Property
Maximise your advantages with Loan Against Property, offering financing of up to Rs. 75 lakhs by harnessing the value of your residential or commercial property. Empower your business aspirations with an array of benefits.
Loan amount upto Rs. 75 lakhs
We are committed to empowering you with substantial loans, even up to Rs. 75 lakhs, to cater to your unique needs.
No Hidden charges
Our customer-centric approach ensures complete loan journey control with no unexpected charges.
Flexible repayment tenure up to 180 months
Whether you prefer a shorter repayment period to clear your debt quickly or need a more extended tenure to manage your monthly cash flow, we've got you covered.
Competitive interest rates
We offer business loans with appealing interest rates, facilitating the realisation of your entrepreneurial aspirations.
Charges on Loan Against Property
| Schedule of Charges | Charges (inclusive of GST) |
|---|---|
| Processing Fees | Up to 5.9% |
| Penal Charges (excluding GST) | 24% per annum on unpaid instalment |
| Foreclosure Charges | 4% of the future principal Outstanding | Other Charges |
| Bounce Charges | Rs.600 |
For a complete list of charges, please click here
Loan Against Property EMI Calculator
Disclaimer : These results are for indicative purposes only. Actual results may vary. For exact details, please contact us.
Self-Employed: ₹ 3 to ₹ 75 Lakhs
Salaried: ₹ 2 to ₹ 75 Lakhs
7% to 36%
24 to 180 months
Up to 5.9%
ILLUSTRATION
For ₹ 3,00,000/- borrowed at Interest rate’ of 1.75% p.m. for 48 months (interest rate on reducing balance method),the payable amount would be Processing fee’ ₹ 8850. Interest ₹ 1,45,920. The total amount to be repaid after 2 years will be ₹ 4,45,920*.
*Other charges may apply. Loan approval, along with the exact terms and conditions, is subject to the lender's discretion and may vary based on eligibility and other factors.
Use Cases for Loan Against Property
Take your business to new heights by expanding operations, increasing production, or hiring more staff with our Loan Against Property.
Ensure smooth day-to-day operations and maintain cash flow without disruptions with our flexible loan options.
Upgrade your workspace with the necessary improvements for a better environment.
Simplify your finances by consolidating multiple debts into one manageable loan with lower interest rates.
Invest in your or your loved ones’ future with our Loan Against Property. Get the necessary funds to pursue higher studies in India or abroad without financial worries.
Celebrate life’s special moments without compromise. Our Affordable Loan Against Property helps you plan a dream wedding with ease.
Health emergencies can be unpredictable, but your finances don’t have to be. Cover medical bills, surgeries, or long-term treatments with our hassle-free loan.
Give your home a new look or make necessary improvements with financial support tailored to your needs.
Eligibility Criteria for Loan Against Property
Make sure you are eligible before applying for a loan. Check the Loan Against Property eligibility criteria below:
Documents Required for Affordable Loan Against Property
Submit only the essential documents for our Affordable Loan Against Property and enjoy a quick and straightforward process with no delays in funding. We will make it easy for you!
How to Apply for an Affordable Loan Against Property ?
Fill the basic details
Provide basic details such as your Name, Mobile number, email ID, Loan amount, Pin code, and more.
Get the documents verified
Our representatives will quickly get your documents verified, to process it further.
Loan sanctioned
Experience the joy of a sanctioned loan.
Frequently Asked Questions
Both salaried and self-employed individuals meeting the age and income criteria.
Yes, a Loan Against Property offers flexible repayment tenure and competitive interest rates, making it a viable financing option.
No, the loan-to-value (LTV) ratio is typically between 40% and 70% of the property's current market value, subject to eligibility criteria.
Eligibility includes:
- Salaried individuals
- Self-employed professionals
- Proprietorship and partnership firms
A CIBIL score of 700 or above is generally required for approval.
Applicants should have a minimum monthly income of ₹25,000 or an annual income of at least ₹3,00,000.
Failure to repay may result in penalties, increased interest costs, and, in extreme cases, the lender taking possession of the property.
The processing time ranges from 15 to 30 days, depending on the availability of required documents.
*Disclaimer : Approval or rejection of a loan is at the sole discretion of TVS Credit. Time taken for approval and disbursal of loan, documentation required, loan amount sanctioned, interest rate of the loan, repayment period, and other financial terms shall depend on the applicant's financial profile, creditworthiness, eligibility as per TVS Credit's internal policies, etc. Please read the Terms and Conditions, including any fees or charges associated with the loan, before proceeding with the application.
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