Loan against property from Private Finance is available for clients who are facing difficulties in getting loans from regular banks and NBFCs, but have good property to offer as collateral.
The client can get 50% of the valuation of the property & within a short period. This will be useful for clients who have some credit/CIBIL issues in the present or past, or some documentation lacking in financials, but are confident & have a business system to repay the loan.
Private loan against property is a financial support through which a person or business gets a loan from private financial institutions or individual lenders against their property (such as a house, land, shop, etc.). It differs from traditional banks because the lender is a private institution or individual who is more interested in property valuations rather than credit scores or income documents, which gives more flexibility in financing.
Private loan against Property is available in all major cities of India & will be raised against any property with a clear title, and must be freehold or at least a ninety-nine-year leasehold property.
Our interest loan for private finance ranges from 16% to 20% (reducing balance)
We offer 24 months to 84 months for the repayment
Strictly for business use only
As per policy, but negotiable
Loans against property through a private lender offer the benefit of timely funds that can be utilized for any purpose, like a creditor or lender’s payment deadline, or filling a gap between an awaited big tranche of money and current expenses.
This private finance loan against property can be a temporary arrangement of funds due to issues in one’s credit score or a lack of documents that keep him away from getting loans from a conventional banking structure. So, after getting a private loan against property client can plan for a secondary loan option through regular a bank or NBFC.
This funding against property can be raised in any city in India, and loans starting from a minimum of Rs 1 Crore to any higher amount.
This funding can be costly compared to conventional banking rates, but clients must be aware that private lending is generally more expensive than other means of financing. However, it can provide timely financial assistance.
Private financing is an alternative financial arrangement through individuals, HNI & private companies. It is suitable for individuals or companies facing issues in raising funds from traditional banks or NBFCs.
First of all, a private financier representative understands the borrower's requirement, properties to be offered, and does the assessment of the financial profile to ensure the repayment of the new loan. Then, all required financials, property documents, along the borrower's KYC are submitted, and after satisfactory due diligence of all documents & property, a loan is offered.
Fund Source India can offer a loan against property on a minimum CIBIL score of 500. They are specialists in providing a loan against property for low or poor-credit-rating borrowers. They can offer loans with low CIBIL, against residential, commercial & industrial properties.
The Borrower can raise a minimum of Rs 1crore to any higher amount required
The borrower can get 50% of the market valuation in a private loan against the property, moreover loan amount also depends upon the repayment capacity of the borrower.
Any kind of residential, commercial & industrial properties with a clear freehold property title are eligible for getting a loan against property from private finance. Only agricultural properties are exceptional and not eligible for a private loan.
Fund Source India is a premium private finance company that provides private loans against property in India. They can provide a private loan against property without a credit check or with a low credit score by creating a standard mortgage for the property.
India’s No.1 NPA funding & OTS Finance Company with Proven Track Record. We are exclusively working for Private Finance for NPA Accounts (NON-PERFORMING ASSET)
