RETAIL & SCHEMATIC FUNDING SOLUTIONS:
The colossal size of the market & the rising income level of the genext coupled with the rising number of market players have compelled the banking industry to introduce various retail & schematic funding products dispensable both at retail level & door to door, both directly by the banks & through its associates. Following are some of the areas where we have created a niche for ourselves. Several clients have benefited from our retail fund syndication service.
UNSECURED BUSINESS LOANS:
Business Loans can be availed by traders, industries & professionals. Available in a fast and easy way at competitive interest rates, these help in taking care of immediate requirements without any security or guarantee. We help you get the best possible deal on obtaining these loans. Once you apprise us, we understand your need and work with banks that provide offers suitable to your requirement. Hence you get an upper hand with banks competing for you, in providing with what you need.
MORTGAGE/ LOAN AGAINST PROPERTY:
Loan against property gives the owner of residential or commercial premises to leverage on the value of the property. It offers the ability to unlock funds & gives the advantage of looking at the asset as a source of security, bringing liquidity and retaining ownership. The security of the property ensures competitive rate of interest. The interest component of the EMI paid by you can be booked as expenses in your P&L
Loan against Property are provided for many personal requirements of the customers viz.
Loans against Property can be availed by Resident Indians who are Salaried or Self-Employed as well as by the corporate entities and also by Non- Resident Indians who are Salaried class.
PROPERTY OVERDRAFT:
The Property Overdraft allows you to borrow money against your self occupied property. The customer is charged interest only for the amount that he withdraws from the account. Whenever he deposits funds into the account, they go towards reducing the outstanding balance in the account.
It offers following benefits:-
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Generating capital against Residential or Commercial property for business or personal use
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Convenience of Pre - Sanctioned limit and draw as you need
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Pay interest on the amount drawn and for days utilized
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Convenience of depositing & withdrawing like any Current Account
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Benefit of Cheque Book & Phone banking
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Fast Processing and door-step service
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Multi-city Cheque book and phone banking facility
Property Overdraft can be availed by Resident Indians who are Self-Employed as well as by the corporate entities.
LEASE RENTAL DISCOUNTING (LRD):
Lease Rental Discounting (LRD) helps to raise funds against the future expected rentals of self owned commercial or residential property. The property should be occupied by the Lessee. Similar to Loan Against Property, LRD can be provided for any personal requirements of the customer.
Lease Rental Discounting (LRD) can be availed by Resident Indians whether Salaried or Self-Employed as well as by the corporate entities. The sanction terms & pricing purely depends on the strength of the lessee.
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