21-Nov-2022 | Loan Against Property
As an entrepreneur,
you must scale your business to be able to reach new heights of success. When
you need an additional amount of capital to meet your MSME business
requirements, you can consider our Loan against Property, a feature-packed loan
that gives you instant access to funds without having to indulge in complicated
procedures.
Our Loan against Property is a simple and convenient
option for those who want to put their assets to productive use by mortgaging
them with us. If you are looking to expand your business, our secured loan
helps you welcome new opportunities to finance your expenses.
Depending on the business and property, we can
offer a high sanction at attractive interest rates and cost-effective terms so
that you can meet your MSME business growth expenses with ease. Whether you
want to hire skilled staff or want to get the latest model of machinery in your
manufacturing unit, our quick sanction lets you cover the expenses without any
worry. Now, you do not need to compromise with the working capital or find
other sources of funding to bring your project alive.
Every MSME business wants to expand at some point
or the other. However, business expansion often demands huge amounts of funds
to finance different phases of growth. If you are planning to start a new
branch, you will need to spend on multiple stages like getting a workspace,
buying new equipment, and hiring adequate staff.
After this stage, you will need to get raw
materials before you can start operations at the new unit. Each step of the
growth plan will need adequate funds to let your business expansion ideas come
into reality. This is facilitated by our loan against property that provides
with you the required amount to fund these stages and manage the cash flow.
MSME businesses might face a shortage of funds to
meet the daily expenses of the operations. Our Loan against Property funds
these businesses with long-term working capital to start paying their regular
expenses like rent, utilities, salaries, etc.
This is quite beneficial for small to medium-sized
businesses that don’t yet generate stable revenue all through the year and need
liquidity to operate smoothly. This type of loan is also useful for seasonal
businesses that earn mostly during peak seasons and need funds to keep their
operations running at other times.
This secured loan helps you stay prepared for
unexpected expenses without affecting business growth. It can introduce
additional cash flow to your business, which you could use for expenses as well
as growth. Many times, MSME businesses face a lack of funds that hamper their
growth; long-term working capital allows them to grab business opportunities to
flourish.
Procurement of equipment for your MSME business can
create a huge demand for funds. As a business owner, you might not have
adequate capital to purchase the latest equipment to meet the business needs. A
loan against a property makes it easy to get the new equipment and machinery to
fuel the MSME business operations.
At some point in time, you might need to purchase
expensive equipment and tools. Existing businesses would always need to upgrade
their equipment and get the latest models of machinery and tools to stay
updated. This secured and easy loan funds these purchases so that you can
always stay on top of the competition with the latest equipment and technology.
Our loan against property is made extremely easy to
avail with simple processing, quick approval, and flexible repayment options.
This secured loan gives you higher amounts at competitive interest with
extended tenure.
What makes Loan against Property the best solution
for MSME businesses is the flexible tenure options they provide. You can choose
to repay the loan amount over a long tenure of up to 15 years. If your finances
are strong, you can close the loan early and save on the interest. Long
repayment term means you can fund your projects without worrying about the EMIs
as they can be kept small.
A loan against property is an easy and hassle-free
way of funding your MSME business. It is not only easy to avail but is quite
cost-effective as well. You can repay the loan easily in the form of monthly
EMIs. The EMIs can be customized to suit your income because the repayment
period is long. When you use the loan for business growth, you can easily repay
the amount every month from the additional revenue the business generates.
Not only do you get cash to meet the business
expenses, but you can also enjoy some tax benefits on the loan. You can benefit
from tax deductions on the interest you pay and save on your income tax.
Getting a loan against property is easy because our
eligibility terms are simple. Your loan eligibility does not only depend on
your income. If your business is in the early stage of development, it is a
great idea to acquire a loan on a property. You just need to make sure your
property is free from any litigation. Once you have checked the
eligibility criteria for loan against property, you can now apply for the
loan.
● Sole proprietorship
● Private and
public limited companies
● Partnership firms
● Self-employed
professionals
● Identity Proof
(Aadhar Card, Voter ID, Passport, etc.)
● Address Proof (Aadhar
Card, Voter ID, Passport, etc.)
● MSME UDYAM
Registration Certificate
● Proof of Income
1. IT Returns and/or
Financial Statements of the last 3 years and/or
2. Informal Income
Documents
● Other Documents
1. Signed Application
Form With Picture
2. Cheque For
Processing Fee
3. Proof of
business existence
● Property Ownership
documents
1. Title Deeds of the Property
2. Proof of No Encumbrances on the
property
You just need to meet simple eligibility terms and
submit minimal documentation to support your application and fasten your
approval. Additional documents can also be required for specific MSME
businesses and properties.
So, what are you waiting for? Apply today for the loan against property and get easy capital to accelerate your MSME business! Cater to your finance needs and introduce cash flow in your operations to make the most out of your venture. When you need to make quick business decisions or grab opportunities, having quick access to funding is all you need. Our loan against property is easy to avail and gives your MSME business a chance to grow without boundaries.