Loan Against Property (LAP), Lease Rental Discounting (LRD), Commercial Purchase

Testimonials
Loan Against Property (LAP), Lease Rental Discounting (LRD), Commercial Purchase Finance upto Rs. 100 crores starting @ 9.00 Interest Rate

Residential, Commercial, Industrial, Plot, School, Hospital, Hotel, Warehouse,Cold storage properties

At SMEFUNDINGS.com, we arrange Loan Against Property (LAP), Lease Rental Discounting (LRD), Commercial Purchase Finance for various businesses, up to Rs.100 Crores, from our lending partners. With our 10 years plus expertise in Finance, we understand this product well & we are better equipped to extend customized solutions for our customers. Along with arranging fresh loans ,we are also expert in “Officially Restructuring” existing loans to reduce repayment burden.

We arrange these loans for following business / properties: :
  • Manufacturing Business
  • Trading Business (Distributor/Dealer)
  • Schools / Education Trusts / Society
  • Hospitals,Clinics,Diagnostic Labs
  • Builders & Contractors
  • Logistic Business.
  • Hotels, restaurants , Resorts

1) Loan Against property : Features of this loan is as below :

  • Maximum loan amount is Rs. 50 crores.
  • Loan offered is 50% -100% of current market valuation of property.
  • End use of funds is flexible & can be used for any business purpose.
  • This loan is available against the mortgage of Residential, Commercial, Industrial, Plot, School, Hospital, Hotel, Warehouse,Cold storage & other properties
  • Existing loan takeover with extra top up, is possible
  • Existing loan takeover with 15 yrs repayment period to reduce EMI, is possible.
  • Consolidation of many loans into one loan, is possible
  • Loan only on the basis of strong bank balance, is possible
  • Loan only on the basis of good loan repayment history, possible.
  • Time required for sanction & disbursement of loan is 10-20 days.

2) Lease Rental Discounting (LRD) : Features of this loan is as below :

  • Loan is given against the rental income of the property.
  • Maximum loan amount is Rs.100 crores.
  • Loan offered is 50% -100% of current market valuation of property & upto 95% of EMI equivalent of rental per month.
  • End use of funds is flexible & can be used for any business purpose.
  • This loan is available against rented Residential, Commercial, Industrial, School, Hospital, Hotel, Warehouse,Cold storage & other properties.
  • No other business income is necessary if the lessee is good.
  • Existing loan takeover with extra top up, is possible.
  • Existing loan takeover with 15 yrs repayment period to reduce EMI, is possible.
  • Consolidation of many loans into one loan, is possible.
  • Time required for sanction & disbursement of loan is 10-20 days.

3) Commercial Purchase Loan: Features of this loan is as below :

  • Loan is given to purchase commercial or other property.
  • Maximum loan amount is Rs.50 crores.
  • Maximum Loan offered is 100% of Agreement cost (including Stamp duty & Registration) or 70% of current market value of the property,whichever is lower.
  • This loan is available for purchase of Commercial, Industrial, School, Hospital, Hotel, Warehouse,Cold storage & other properties.
  • Time required for sanction & disbursement of loan is 10-20 days.
Documents Required for Loan Against Property (LAP), Lease Rental Discounting (LRD), Commercial Purchase :
  • 3 Years Audited Financials with IT Return, Computation & Detailed Audit Report
  • Last 12 months bank Statements
  • Existing Loan Sanctions letters & Loan Statements
  • MOA/AOA/Partnership Deed
  • KYC of Firm & Directors/Partners
  • Property Documents (if applicable)