rlcg logo
Already Member Sign in here
 
EmailID :
 
Password :
 
 
 
 
  Register  Forgot Password  

 

Getting working capital for business is one of the major problems confronting most corporations today. Our quick processing & approval time, low interest rates, and variety of loan periods will give your business much needed capital boost for expansion. Through consortium of banks, we are able to facilitate and secure loan
Loan Against Property: Simply put, a loan against property is what it actually connotes -- a loan given or disbursed against the mortgage of property. This is unlike a personal loan, which is disbursed to an individual; no questions asked. The loan is given as a certain percentage of the property's market value (usually around 40 per cent-60 per cent). But the threshold amount too is generally defined by most lending institutions. This multi-purpose loan puts funds at your disposal to use as you wish. It unlocks the hidden value in the property you own

Features at Glance
               
Loans from US100, 000 onwards depending on your needs
Borrow up to 60% of market value of the property
Flexibility to choose between an EMI based loan or an overdraft
High tenure loans for ease of repayment.
Attractive interest rates.
Simple and speedy processing.
Loan for corporate entities.

Advantages of taking a Loan  Against Property:

Cheaper than Personal Loans: It works out to be much cheaper than a  personal loan, which is usually issued at interest rates in the region of 16  per cent-21 per cent.

Longer Loan Tenure: The tenure for a Loan Against Property  is usually longer than that for a personal loan. Generally, LAP is given  for a maximum tenure of 10 years.

Lower EMI: Since the rate of interest is lower, many times, LAP Equated  Monthly Instalments (EMI) turn out to be cheaper than those under personal  loans.

Simple documentation and Fast Approvals: LAP being a secured Loan has  comparatively faster approvals and minimal documentation.

Loan Against Property can  be taken for following purposes:
               
Expanding your business
Get your child married
Flexibility to choose between an EMI based loan or an overdraft
Send your child for higher studies
Fund your dream vacation
Fund Medical Treatments        

In nutshell, Loan Against Property is a secured multi-purpose loan with larger tenor and lesser rate of interest.

Additional Requirements:
Signed Promissory Note, bank certified  collateral
Valid identity card (Driver's License, Passport)
Flexibility to choose between an EMI based loan or an overdraft
Company Profile
List of stockholders/owners
Certified Corporate Resolution Letter
Copy of 3 months latest bank statements (Current or Savings accounts)
Copy of latest bank statements
Copy of company’s Certificate of Incorporation
Audited/In-House Financial Statements
Secretary Certificate with Board Resolution to loan
Proof of Location: Copy of notarized latest Contract of Lease (if rented) or Proof of Ownership        
Current Tax Declaration
Project Plan      


 
 
Home | Terms & Conditions | Policy & Privacy | Refund Policy
© Copyright of RLCG Limited All Rights Reserved