Loan against property

Money Ganit is one of the leading and well-diversified financial services companies in India offering services across brokerage (across the asset classes of equities (cash and derivatives), commodities and currency), investment banking, wealth management, distribution of third party financial products, research, financing.

What is SME Loan?

SME Loan is the loan given for business purpose against hypothecation of current assets and creating mortgage over the property.

What are the properties against which Loan can be availed?

You can avail the Loan against the following properties:

Loan Against Commercial Property Loan Against Residential PropertyLoan Against industrial /plot

What is the maximum amount I can borrow?

In general the maximum amount can be borrowed against residential property is up to 60%, against commercial property is up to 50% and against industrial/ plots( only residential and commercial) is upto 40%. However the loan amount varies case to case basis as it depends upon other factors as well.

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.

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