Loan Against Property

Overview

Are you in need of quick and urgent funding? You should know that your property can be a huge asset when it comes to getting loans for taking care of urgent business requirements. TAB Capital Limited Offers Loan Against Property across residential/commercial/industrial properties and you can now get access to your desired amount for taking care of Business goals. Instead of letting your property sit as a dead asset, you can tap into the unused value of the same to obtain swift funding.

Features and Benefits

Features

  • Loan Amount up to 80% of Property Value TAB Capital Limited offers loan amount up to a whopping 80% of the present cost of the property in question
  • 5 years as repayment tenure You can get a hassle-free repayment tenure up to 5 years when it comes to Loan Against Property
  • Zero Prepayment Charges* There are no prepayment charges to be paid if you repay the entire loan amount before the tenure

Benefits

  • Higher Loan Eligibility MSMEs can avail for higher loan amount as compared to their loan eligibility.
  • Minimal Documentation & Quick Processing There is minimal documentation along with swift processing of loans for greater convenience
  • Get loan sanctioned in 2 working days TAB Capital Limited sanctions loan within just 2 working days, thereby helping you meet urgent requirements with gusto!

Eligibility and Documents

Eligibility

  • Age of key person should be in between 21-55 years
  • Business stability of more than 2 years
  • Annual business turnover should exceed Rs. 15 lakhs

Documents required

For getting a Loan Against Property, the following documents are needed:

  • KYC Documents:
    • A copy of PAN Card.
    • Proof of Address: (Passport Copy / Aadhaar Card / Electricity Bill / Registered Rent Agreement)
    • Statutory documents:In the case of Proprietary Firm: Shop Act, GST Registration Certificate, Udyog Aadhaar Memorandum, VAT Registration, other Registrations as applicable.
    • Statutory documents: In the case of Private / Public Limited Company/One Person Company: MOA & AOA, Certificate of Incorporation, Certificate of commencement of business in case of a public limited company, GST Registration Certificate, Shop Act, Udyog Aadhaar Memorandum, VAT Registration and other Registrations as applicable.
    • Statutory documents: In the case of Partnership: Registered Partnership Deed, In Case of LLP: LLP Agreement, Shop Act, Udyog Aadhaar Memorandum, GST Registration Certificate, VAT Registration and other Registrations as applicable.
  • Income Documents:
    • Last 2 years Financials (IT Returns, Computation Sheet & Balance-sheet) and Proof of turnover vide latest sales / service tax returns and Invoice / Purchase Order Copy (for loan against receivables)
    • Last 1-year bank statement of an operative bank account.
    • Details of all existing loans: Sanction Letter and Loan Account Statement for last 1 year.
  • Profile:
    • Brief Profile of the Promoters and Company / Firm
  • Property Documents:
    • Copies of all Property Documents of the concerned property in case of mortgage based loan.

How to Apply

You can apply for an Loan Against Property by following these steps:

  • Click here to apply online for a Loan Against Property
  • Scan and upload documents online
  • Verification & assessment
  • Get loan sanctioned in 2 working days

Contact Us

For applying offline/any other query, you can reach out to us at:

FAQs

  • How much loan can I get?

    You can get loans up to 80% of your property value.

  • How do I know if I am eligible for this loan?

    You are eligible if you meet the following criteria:

    • Age of key person should be in between 21-55 years
    • Business stability of more than 2 year
    • Annual business turnover exceeds Rs. 15 lakhs
  • What type of security can be provided for a Loan Against Property?

    You can use residential, commercial, industrial or any other type of real estate property for this loan.

  • What can I use this loan for?

    You can use Loan Against Property for multifarious requirements including purchasing of new property, taking care of business needs or even refinancing existing loans among others.

  • Can a Loan Against Property be taken in case the property is jointly owned by a person and his/her family members or relatives?

    Documents are needed for the co-owner/owners along with their signatures for getting the Loan Against Property.

*Terms & Conditions Apply