Explore Your Options
Aditya Birla Finance Loan Against Property (SME Small Segment)
Aditya Birla Finance Loan Against Property (SME Small Segment)
Powered By
_img.webp)
Aditya Birla Finance Loan Against Property (SME Small Segment)
Apply Now
Aditya Birla Finance Loan Against Property (SME Small 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 | 50
Lac- 5 Cr ( 1 Year to 10 Year) |
| Login Fees | 5900 |
| Rate of Interest & Type | (i)
Cash Profit/Gross Profit Program- 11.50%-14% (Reducing) (ii) Banking/LIP Program-12.50%-14% (Reducing) |
| TAT | 7 days |
| Processing Fees | 1% |
| Foreclosure Charges | Nil after 1 year |
| Insurance | As per Age |
| Minimum Business Vintage | (i) Income Program-3 Year (ii) Banking/LIP Program-5 Year |
| Lock In Period | 12 month |
| Part Payment Allowed | No |
| LTV | (i) Residential-95% (ii) Commercial-85% (iii) Industrial-75% (iv) Plot-10% less from respective value |
| Product | (i)
Fresh Loan (ii) BT+Topup (iii) Commercial or Industrial Purchase (iv) Lease
Rental Discounting (v) DOD Product (upto 3Cr) (v) OD Product |
| Program | (i)
Banking Program-5 Cr (ii) Income Program-5 Cr (iii) GST Surrogate-1.50 Cr
(iv)Low LTV-3 Cr (60% of Property value) (v) Without Financial-1 Cr (vi) LIP Program-3 Cr (vii) Lease Rental Discounting-5 Cr |
| FOIR | FOIR on EBIDTA Basis for Higher LTV |
| Cautious Profile | (i) Builders (ii) Real Estate (iii) Person living in dominated area |
| Negative Profile | (i) Politian (ii) GYM (iii) Share Traders (iv) NBFC (v) Police (vii)DSA (viii) Jewellers |
| 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 & Restaurent |
| Negative Property | (i)
School (ii) Hospital (iv) Lease hold Property without PTM (v)Stand Alone
Basement (vi) Lal Dora Property (vii) Unapproved 3rd Floor & above (viii) Legal & Technical not clear (ix) PG Property (x) Multi Tanented Unit (xi) |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | (i) Regularized Area-5 Cr (ii) Khasra & Khatauni-5 Cr (iii) Unapproved Freehold Property-5 Cr |
| Any Specific Product for Professionals | No |
| USP | (i) Upto 1 Crore No financial Required (ii) LTV upto 95% |
| Additional | (i)
Stone Slab property/Gift Deed Property subject to sale deed/Current Sale Deed
Property doing (ii) Noida Freehold Doing (iii) Sub-divided Property/Khasra-Khatauni Property doing |
Aditya Birla Finance Loan Against Property (SME Small 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 Small Segment)
Salaried income documents
-
KYC of applicant & Co-Applicant
-
Last 3 Month Salary Slip of Applicant
-
Last 12 month Bank Statement of applicant & co-applicant
-
Last 3 year ITR with computation of income of applicant & co-applicant
-
Last 2 Year Form 16 of applicant
-
26AS of last 2 year of applicant & co-applicant
-
Appointment letter of applicant if available
-
Agreement to Sale if purchase case
-
Property Paper with complete chain of last 13 years
-
LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
-
Sanction letter of all running loan
-
Latest utility Bill if owned residence or rent agreement if rented
-
2 Reference with contact details
Self Employed person documents
-
KYC of applicant & Co-Applicant
-
Last 3 year ITR with computation of income of applicant & co-applicant
-
Last 3 year audited balance sheet of applicant
-
Last 3 year Tax audit report of applicant
-
Last 12 month Bank Statement of applicant & co-applicant
-
26AS of last 2 year of applicant & co-applicant
-
Copy of GST registration
-
Copy of MSME registration
-
Copy of Last 12 month GST return
-
Agreement to Sale if purchase case
-
Property Paper with complete chain of last 13 years
-
LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
-
Sanction letter of all running loan
-
Debt Sheet
-
Latest utility Bill of residence if owned or rent agreement if rented
-
Latest utility Bill of Office if owned or rent agreement if rented
-
2 Reference with contact details
-
Last 3 year Debtors & Creditors on letter head
-
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
ReferLoan is a Marketplace which connect Financial institutes with prospective users through its integrated approach. ReferLoan helps users to increase their CIBIL Score and finding the best Financial Products from the available Financial Institutions. ReferLoan is the only Market Place which helps the users to explore the opportunities in Debt as well as in Equity.
Card
Copyright 2023 © Referloan.in.