Loan Against Property

Did you know that your property has hidden value that can be unlocked? A Loan against Property from FinanceNow is an economical and affordable way to bridge any financial need, whether it is business expansion or personal requirements such as education, marriage of children, family function, foreign travel, medical expenses, buying high cost consumer durables or even refurnishing and renovation of your home.

The loans are against the mortgage of your existing residential and commercial properties which may be situated in semi-urban or urban areas or in large cities.

(Minimum Loan Amount: Rs 100,000 / Maximum Loan Amount: Rs 10,000,00 / Tenure: 12 to 48 months)
Salaried Employees Self Employed Professionals Self Employed Businessman
Application form with photograph Application form with photograph Application form with photograph
Identity and residence proof Identity and residence proof Identity and residence proof
Latest salary-slip Education Qualifications Certificate and proof of business existence Education Qualifications Certificate and proof of business existence
Form 16 Income Tax Returns of the last 3 years (self and business) Not applicable
Income Tax Returns of the last 3 years (self and business)
Financials Profit & Loss and Balance Sheet of the last 3 years Bank statements of the last 6 months Profit & Loss and Balance Sheet of the last 3 years Bank statements of the last 6 months (self and business)
Processing fee cheque Processing fee cheque Processing fee cheque
Title Documents of the property, Approved Plan for the property

LOAN DISBURSEMENT

  • The loan would be disbursed directly to your operating bank account
  • Disbursement will be made only after the property is technically and legally appraised and the legal formalities are complete

LOAN REPAYMENT

  • The loan would be repaid by way of Equated Monthly Installments (EMIs) consisting of principal and interest within a maximum period of 15 years
  • Repayment will commence in the month subsequent to the month in which the loan has been disbursed

INSURANCE

Property is to be insured as per terms and conditions of FinanceNow.

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