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Loan against Property
Loan against Property
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Funds for general business purpose including repairs, renovation, investment, expansion as well as working capital requirement in business
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Loan amount offered depends on the assessment of the borrower’s documents and the bank’s policy
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Loan tenure – Maximum 15 years
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Loan amount – Up to ₹10 Crore
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Eligible profiles - Proprietorship, partnership, LLP, companies and self-employed professionals
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Age
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Minimum – 20 years
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Maximum – 60 years
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Business entity should have satisfactory track record with cash profit for last 2 years
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Satisfactory bureau score
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Satisfactory banking and account conduct
Pre-Sanction Documents:
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Duly filled application form
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KYC documents
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Financial statement of last 2 years
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Trade licence or any other regulatory license applicable to the unit
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Statement of existing Bank account for last 12 months
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Ownership documents of security
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Copy of Partnership deed/ Copy of MOA & AOA or other related documents in case of company/partnership firm
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Bank may ask for other information if required to process the loan
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