1. Understanding Client's Requirement
A tailored funding solution based on a thorough evaluation of the client’s business goals and financial requirements.
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A Loan against property (LAP) is a facility that can be obtained against collateral for resolving various financial hurdles. The hurdles that businesses commonly encounter in daily situations. LAP is a long-term based loan. So, the security here is the equitable mortgage of the immovable property. Therefore, the features make this type of loan the most secure for lending institutions. Consequently, in normal circumstances, borrowers can apply for a loan against property more easily than other types of loans.
The beneficial features of a loan against property are basic and can be realized by the borrowers before they apply. This loan is the most suitable because the property is one strong form of collateral security. The property is mortgaged for various purposes of finance. So, the borrower avails loan under the property’s current market value.
Loan Amount Based on Property Appraisal
Competitive Interest Rates
Flexible Loan Tenure
Easy Documentation
Smooth Processing
Based on the current market value, borrowers can mortgage their residential or commercial properties to obtain the amount of loan, to support any type of financial requirement.
Self-employed individuals can obtain a loan against property, they can avail of a higher amount than regularly employed individuals, the specific amount varies from firm to firm. Thus, it is required to meet the property eligibility criteria.
Interest rates depend upon the repayment schedule, EMI tenure etc. It ranges from 9%-15% depending on the lender, for a period ranging anywhere from 7 to 15 years.
Book a call to discuss loans against property for your business!
At Terkar Capital, we understand that financial hurdles can arise for individuals and businesses alike. However, the features of the Loan Against Property facility, provide a long-term loan option secured by an equitable mortgage of immovable property. This type of loan is easily accessible and offers several benefits, including flexible loan tenure, low interest rates, and a hassle-free application process. The loan amount is determined based on the current market value of the property.
1. Understanding Client's Requirement
A tailored funding solution based on a thorough evaluation of the client’s business goals and financial requirements.
2. Analysing the Strengths and Opportunities
Leverage the client's financial and operational strengths to optimize their funding prospects.
3. Documentation
Ensuring meticulous preparation of all necessary documents to facilitate a seamless funding process.
4. Identifying the Right Financial Product
Recommending the most suitable financial product to align with the client’s specific goals and requirements.
5. Soft Approval From Financial Institutions
Securing preliminary approval from financial institutions based on the client's profile and funding needs.
6. Actual Submission of the Documents
Submitting all finalised and verified documents to the financial institution for formal processing.
7. Disbursement
Coordinating with financial institutions to ensure timely release of funds.
8. Funding As Required
Providing funds customised to the client’s operational or expansion needs, ensuring business growth.
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Thank You for the numerous financing options that you make available at a lower cost of borrowing. Terkar Capital not only provides transparency but also values the time of its clients. We appreciate the minimal time you took to provide funds to the company. Highly recommend Terkar Capital for funding requirements.
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