img1

Testimonials

SMC has offices throughout India, so we can reach clients efficiently practically anywhere.
Our personalized service and streamlined documentation gets your product to you faster.

Mr. Arvind Pal

Testimonials
SMC has offices throughout India, so we can reach clients efficiently practically anywhere.
Our personalized service and streamlined documentation gets your product to you faster.
Mr. Arvind Pal
Home > Property loans > Loan Against Property

Loan Against Property

SMC Finance brings the trust and expertise of the SMC Group into the world of financial services.  In our product offerings, we are pleased to present Loans against property.  With attractive interest rates, transparency in dealings, quick disbursement and minimal paper work, it’s our way of taking you a step closer towards fulfilling your dreams come true.

 

The multi-purpose loan put funds at your disposal to use as per your need.  What’s more, this loan is available at a reasonable rate and can be repaid comfortably over 15 years time.

FEATURES

  • For your business or personal needs.
  • Property can be residential or commercial.
  • Fixed rate of interest
  • Flexible loan offerings – EMI based loan
  • Overdraft facility available
  • Loans amount ranging from Rs. 10 lakhs to Rs. 5 crores.
  • Security is a first charge by way of an equitable / registered mortgage of the property and/ or such other collateral securities as may be deemed fit by SMC Finance.

BENEFITS

  • Attractive rate of interest
  • Hassle-free documentation process
  • Quick turn-around time
  • Professional and transparent approach
  • Part payment facility also available.
 
 
 
For more information
please write to us at
response@smcfinance.com



  • An Indian Residents
  • Maximum age of 65 years when the loan matures
  • LTV upto 70% of the valuation report given by designated value.
  • Clear Marketable Title over property.
  • Above 18 years of age at the commencement of the loan
  • Both for salaries and self-employed
  • Income / cash flows to establish source of repayment.
  • Nominal processing fees
  • Stamp Duty / Registration Charges – as per actual.
  • Cersai registration fees + service tax as applicable.
  • Legal and valuation charges at actual
  • Cheque bounce charges Rs. 750/-
  • Application form
  • Basic KYC Documents
  • Loan agreement
  • Mortgage Deed
  • Copy of property papers to be mortgaged.
  • Income documents & Bank statement
  • FATCA Declaration
  • The property must be free from any encumbrances.
  • The property must be mortgagble.
  • The loan amount is subject to the valuation of the property.
  • All property papers in original has to be with the customer at the time of loan proposal and needs to be submitted to us before disbursement.
  • The loan funding depends upon validity of title documents of the said property and its current market value.
  • The Loan to value on residential Property is upto 75% and against commercial property is upto 70%.
What is Loan against Property?

Loan against property is a loan given by creating mortgage over any of your  property.

 

What are the properties against which Loan can be availed?

You can avail the Loan against the following properties:

  1. Loan Against Commercial Property
  2. Loan Against Residential Property
  3. Loan Against Plot
  4. Lease Rental Discounting

 

What is the maximum amount I can borrow?

In general the maximum amount can be borrowed against residential property is up to 75% and against commercial property is up to 70%. However the loan amount varies case to case basis as it depends upon other factors as well.

 

When will the loan be disbursed?

Disbursement only be made after credit, technical and legal appraisals of the property have been done, besides execution of loan documents and creation of mortgage over property be made either by deposit of original property documents  or by registered mortgage  or by both has been completed.

 

Can I repay the loan ahead of schedule?

Yes repayment of loan in full or part can be made ahead of schedule. Early redemption or foreclosure charges will be applicable as per schedule in Loan agreement.

 

 

Property Loans > LOan Against Property    
 
NEED A
LOAN
 
WANT US TO
CALL YOU?
 
EMI
CALCULATOR
For more information
please write to us at
response@smcfinance.com



img1
Loan Against Property

SMC Finance brings the trust and expertise of the SMC Group into the world of financial services.  In our product offerings, we are pleased to present Loans against property.  With attractive interest rates, transparency in dealings, quick disbursement and minimal paper work, it’s our way of taking you a step closer towards fulfilling your dreams come true.

 

The multi-purpose loan put funds at your disposal to use as per your need.  What’s more, this loan is available at a reasonable rate and can be repaid comfortably over 15 years time.

Testimonials

SMC has offices throughout India, so we can reach clients efficiently practically anywhere.
Our personalized service and streamlined documentation gets your product to you faster.

Mr. Arvind Pal

Testimonials
SMC has offices throughout India, so we can reach clients efficiently practically anywhere.
Our personalized service and streamlined documentation gets your product to you faster.
Mr. Arvind Pal
FEATURES

BENEFITS
 

ELIGIBILITY


  • An Indian Residents
  • Maximum age of 65 years when the loan matures
  • LTV upto 70% of the valuation report given by designated value.
  • Clear Marketable Title over property.
  • Above 18 years of age at the commencement of the loan
  • Both for salaries and self-employed
  • Income / cash flows to establish source of repayment.

SERVICE CHARGES


  • Nominal processing fees
  • Stamp Duty / Registration Charges – as per actual.
  • Cersai registration fees + service tax as applicable.
  • Legal and valuation charges at actual
  • Cheque bounce charges Rs. 750/-

DOCUMENTATION


  • Application form
  • Basic KYC Documents
  • Loan agreement
  • Mortgage Deed
  • Copy of property papers to be mortgaged.
  • Income documents & Bank statement
  • FATCA Declaration

 

TERMS & CONDITIONS


  • The property must be free from any encumbrances.
  • The property must be mortgagble.
  • The loan amount is subject to the valuation of the property.
  • All property papers in original has to be with the customer at the time of loan proposal and needs to be submitted to us before disbursement.
  • The loan funding depends upon validity of title documents of the said property and its current market value.
  • The Loan to value on residential Property is upto 75% and against commercial property is upto 70%.

 

FAQS

 

What is Loan against Property?

Loan against property is a loan given by creating mortgage over any of your  property.

 

What are the properties against which Loan can be availed?

You can avail the Loan against the following properties:

  1. Loan Against Commercial Property
  2. Loan Against Residential Property
  3. Loan Against Plot
  4. Lease Rental Discounting

 

What is the maximum amount I can borrow?

 

In general the maximum amount can be borrowed against residential property is up to 75% and against commercial property is up to 70%. However the loan amount varies case to case basis as it depends upon other factors as well.

 

When will the loan be disbursed?

Disbursement only be made after credit, technical and legal appraisals of the property have been done, besides execution of loan documents and creation of mortgage over property be made either by deposit of original property documents  or by registered mortgage  or by both has been completed.

 

Can I repay the loan ahead of schedule?

Yes repayment of loan in full or part can be made ahead of schedule. Early redemption or foreclosure charges will be applicable as per schedule in Loan agreement.

 

OUR GROUP SITES
Privacy Policy  |  Disclaimer  |  Locate Us
2015 smc | all rights reserved


+ Sitemap