Infrastructure Construction Loan @ 13.00% Onwards
Axis Bank Ltd.
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1% | 9% | 2% |
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Bandhan Bank Ltd.
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1% | 9% | 2% |
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Bank of Baroda
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1% | 8% | 2% |
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Bank of India
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1% | 7% | 2% |
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Bank of Maharashtra
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1% | 9% | 2% |
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Canara Bank
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1% | 8% | 2% |
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Central Bank of India
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1% | 9% | 2% |
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City Union Bank Ltd.
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1% | 8% | 2% |
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DCB Bank Ltd.
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1% | 8% | 2% |
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Federal Bank Ltd.
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1% | 8% | 2% |
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Eligibility Criteria
Loan against property can help you to manage your personal & business requirements. Get up to 60% of property value with flexible tenure. Make sure you own residential, commercial or industrial property.
Loan Against Property Eligibility CriteriaGenerally, Loan Against Property Eligibility Criteria depends on various factors like age of individual, monthly salary or business income, total work experience & CIBIL Score ..etc.
Loan Against Property Eligibility Criteria for Salaried Individuals- Age Limit of Salaried Individuals - 28 to 60 years of age
- Work experience of salaried Applicants – Minimum 3 Years
- Should be being at public, private companies or MNC
- CIBIL Score should be above 750
- Nationality - Resident of Indian
- Age Limit of Self –Employed Individuals - 25 to 70
- CIBIL Score should be above - 750
- Minimum Years of doing Business - 3-5 Years
- Nationality - Resident of Indian
Note: - Maximum Loan Amount of Salaried Individual can avail up to 1 Cr & Self- Employed Individual can avail up to 3.5 Cr.
What are the factors generally affecting Loan Against Property Eligibility Criteria?here are few factors that generally affects Loan Against Property Eligibility Criteria as given below: -
Borrower Age: -Lenders are concerned about your age, because the tenure will be decided on your current age, suppose if your age reached nearby 60 above or will be reaching within a 2 –3 years, then in this case your loan will be rejected.
Aim pact of earlier loan Rejection: -Generally, Financial institutions check your record that have you ever applied for loan & that has been rejected, if yes then it will also show on your credit profile which will affect your loan application.
Incomplete Property Documents: - Incomplete Property Documents: - Due to Incomplete Property Documents you will not get a loan, therefore, ensure that you have all the mandatory property documents with you like title deed, having approval from relevant authority, when you apply for loan against property.
Applicant Income: - Might be you are pledging your home as a collateral/security even though you need to show a regular source of income while applying for loan against property.
Low Credit Score: - Remember Lender check your credit score to know your repayment history like paying your bills on time or late, how much credit card you own & how far you maintain them properly, do you have existing loan or not by calculating these all-credit scores predict number if you have low credit score less than 750 then likely your loan application gets rejected.
What are the ways to increase Loan Against Property eligibility?To increase Loan Against Property eligibility, you need to consider Top 5 points as given below, this will aid you in increasing your eligibility level.
Maintain a Credit Score above 750: - Good Credit Score can be achieved only if you maintain a good record by paying bills on time, Paying EMI, not having multiple credit card & such other factors.
Repay Debt earlier: - Try to clear existing loan first, as it will help you getting better credit score and increase your eligibility criteria. Even you can be able to save money and stop paying your interest unnecessarily.
Prefer Longer Tenure: - Generally, a longer repayment period allows you a lot of time to pay back the principal loan amount which escape your by compressing overloaded monthly EMI.
Build better relationship with preferred lender: - If you are looking to avail loan, you will definitely search multiple banks & NBFC to compare the best deal which suits your needs & requirement, once you have fixed that from this bank or NBFC to avail loan, you must start build better relationship with preferred lender by opening account & maintain good transaction will help to enhance the chances of eligibility level.
Add your Family Member as Co- Applicant: - Various Banks & NBFC allow this feature to enhance your eligibility. You can add your working parents or your spouse as a Co-applicant while applying for loan against property, if you meet the eligibility criteria you will be able to get higher loan amount as you can afford to pay EMI without any restriction.
Documents Required
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PHOTOGRAPHS 2
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PAN CARD COPY
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AADHAR CARD + PASSPORT
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ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
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LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
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LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
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LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
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COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
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PROCESSING FEE CHEQUE IN FAVOUR OF BANK
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LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
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PHOTOGRAPH BOTH
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PAN CARD CLEAR COPY PROPRIETOR
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ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
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OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
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FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
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LAST 1 YEAR GST RETURN COPY
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FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
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PROVISIONAL FINANCIAL AY 2019-20
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BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
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6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
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PHOTOGRAPH PARTNERS
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PAN CARD - COMPANY, ALL PARTNERS
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ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
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FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL
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PARTNERSHIP DEED COPY
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GST CERTIFICATE
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GST RETURN LAST 1 YEARS
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3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
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PROVISIONAL FINANCIAL AY 2019-20
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3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
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FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
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ALL PARTNER SAVING A/C STATEMENT 6 MONTH
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IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
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AGREEMENT TO SELL COPY
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PROPERTY PAPERS COMPLETE CHAIN WITH MAP
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ALL DIRECTORS PHOTOGRAPH
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CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
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ADDRESS PROOF – COMPANY AND DIRECTORS
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LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
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MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
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GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
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1 YEAR GST RETURNS
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ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
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LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
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PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
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COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
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ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
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IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
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PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
FAQs
Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.
What is Infrastructure Finance?
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The Infrastructure Finance Company is yet another financial institution engaged in the principal business of infrastructure loan. The credit facility (term Loans, Project Loans, etc.) granted by the non-banking financial companies to the borrowers in the specific Infrastructure Sectors Viz.
What is Infrastructure Categories ?
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Along with the aforementioned sectors, infrastructure includes waste disposal services, such as garbage pickup and local dumps. Certain administrative functions, often covered by various government agencies, are also considered part of the infrastructure.
Private Investment in Public Infrastructure ?
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Sometimes private companies choose to invest in a country's infrastructure development as part of a business expansion effort. For example, an energy company may build pipelines and railways in a country where it wants to refine petroleum. This investment can benefit both the company and the country.
Do You Require a Rating?
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We do not require an external rating, but we will rate all of our transactions through our internal rating model which is aligned with the major rating agencies' criteria.
Can you invest into non-investment grade transactions?
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Some of our mandates permit non-investment grade financing, as long as the debt is senior secured. Ticket sizes for non-investment grade vary across the sub-investment grade scale.
What maturities can you do?
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Our mandates cover a wide range of maturity ‘sweet-spots’. We have financed facilities around eight years, as well as over 40 year facilities in the student accommodation sector.
Personal Need Loan Products
Secured Loan Products
Unsecured Loan Products
- Business Loan
- Professional Loan
- Dropline Overdraft Limit
- Machinery Loan
- MSME Loan
- Capital Loan
- Construction Equipment Loan
- Supply Chain Finance
- Dealer Finance
- Vendor Finance
- Startup Loan
- Stand up Loan
- Medical Equipment Finance
- Factoring Finance
- warehouse receipt Finance
- Loan Against Credit Card Receipt
- Mudra Loan
Project Loan Products
- Project Loan
- Solar Power Project Loan
- Solar Rooftop
- Cold Storage Loan
- Warehouse Construction Loan
- School Loan
- College Loan
- Hotel Funding
- Construction builders
- Hydro Power Project Loan
- Transport Logistics
- Energy sector loan
- Water & Sanitation Funding
- Hospital Loan
- Tourism & Hospitality
- Healthcare Industry
- Power Project
Exporter/Importer Loan Products
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