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Loan Against Property

A wonderful way of Leverage your existing property and have access to funds.

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Loan Against Property

Loan against property (LAP) or Mortgage loan is a wonderful way of Leverage your existing property and have access to funds.

Whatever your nature of business – manufacturing, trading or services, timely availability of funds is critical for the business. Whether you need funds for temporary working capital need or as capex to grow your business, we at Rupyz have a solution for organizing working capital loans for your business.

What every the type of property – Self owned or rented residential, Commercial office space or shop, residential or commercial vacate plot or land, industrial property.

Features
  • Loan amount from INR 10 L to INR 2000 L.
  • Loan to value (LTV) of up to 75% depending on the type of property.
  • Flexible repayment subject to min. of EMI amount.
  • Part payment & Prepayment facility without any kind of charges.
  • Loan tenure of 1 to 15 years. Completely flexible as per your business need.
Eligibility Criteria

No two business are same. While there are no fixed criteria, we have outlined below a few basic qualification criteria:

  • Business should have vintage or operations for at least 3 financial years.
  • Minimum Business Turnover or Revenue receipts of INR 1 Cr.
Documents Required
  • Income Tax return for last 2 assessment years.
  • Set of financials for last 2 years (Balance Sheet, Profit & Loss account, Notes & Schedules and Director’s & Auditor’s Report).
  • Provisional Financials for last financial year if not yet audited.
  • GST returns for current financial year.
  • KYC for the Company/Firm & Individual Partner/Promoters.
  • Main bank statements for last 6 months.
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