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Aditya Birla Finance Loan against property (SME Mid segment)
Aditya Birla Finance Loan against property (SME Mid segment)
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Aditya Birla Finance Loan against property (SME Mid segment)
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Aditya Birla Finance Loan against property (SME Mid segment)Here are a few factors
| Location | 90Km from Branch |
| CIBIL Score | 650+ |
| Applicant | Any Self Employed |
| Applicant Age | 21 Year to 70 Year |
| Loan Amount & Tenure | 5Cr-
100 Cr ( 1 Year to 10 Year) |
| Login Fees | Nil |
| Rate of Interest & Type | 11.50%-14% (Reducing) |
| TAT | 15 days |
| Processing Fees | 1% |
| Foreclosure Charges | Nil after 1 year |
| Insurance | As per Age |
| Minimum Business Vintage | 3 Year |
| Lock In Period | 12 month |
| Part Payment Allowed | No |
| LTV | (i) Residential-95% (ii) Commercial-80% (iii) Industrial-75% (iv) Plot-70% |
| Product | (i)
Fresh Loan (ii) BT+Topup (iii) Commercial or Industrial Purchase (iv) Lease
Rental Discounting (v) DOD Product |
| Program | (i) Income Program-50 Cr (ii) Lease Rental Discounting-50 Cr |
| FOIR | FOIR on EBIDTA Basis for Higher LTV |
| Cautious Profile | No Cautious Profile |
| Negative Profile | (i) Politian (ii) GYM (iii) Share Traders (iv) NBFC |
| Funded Property | (i)
Residential Property (ii) Commercial Property (iii) Industrial Property
(iv)Plot (v) Auction Property (if auction before 3 year) (vi) Farm House (vii) Warehouse (viii)Regularized Colony (ix) Unapproved Freehold Property (x) Hotel & Restaurant (xi) School (xii) Hospital & Nursing Home |
| Negative Property | (i)
Lease hold Property without PTM (ii)Stand Alone Basement (iii) Lal Dora
Property (iv) Unapproved 3rd Floor & above (v) Legal & Technical not clear (vi) PG Property (vii) Multi Tenanted Unit |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | No |
| Any Specific Product for Professionals | NA |
| USP | (i) LTV upto 95% (ii) Funding to HUF & Trust also |
Aditya Birla Finance Loan against property (SME Mid segment) EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 11 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,838 |
| Total Interest | ₹ 6,058 |
| Loan Amount + Interest | ₹ 106,058 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,982 | ₹ 2,532 | ₹ 26,514 | ₹ 76,018 | 23.98 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,015 | ₹ 3,527 | ₹ 79,542 | ₹ 3 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Aditya Birla Finance Loan against property (SME Mid segment)
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
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