As a chartered accountant when you want to scale up, you may need extra working capital for a range of needs from expanding your office premise to investing in office furniture.
We understand you and your needs for finance. So, we have designed Loan Against Property solutions especially for your profession. Our end-to-end lending process along with quick disbursal helps you expand and consolidate your practice to grow faster than ever.
You can get an amount of up to 70 percent* of the market value of the residential property or 60 percent* of the market value of the commercial premises. It is recommended that you speak with a customer service representative to know more about the maximum loan amount that you can avail against your mortgaged property.
You can avail of a Loan against Property for any personal or business purposes including funding a dream wedding, expanding business premises, paying for medical emergencies, and more. The end use of the mortgage loan product should not be for any speculative or prohibitive activities.
The repayment period will commence in the month subsequent to the month in which the loan was disbursed. To know more about our flexible loan offerings, speak to a customer representative online or at the nearest SMFG India Credit branch today.
You will need to repay the loan in Equated Monthly Instalments (EMI). The amount can be paid through CTS compliant Post Dated Cheques (PDC) or the Electronic Clearance System (ECS). For more information on EMIs and loan repayment options, get in touch with our in-house team.
Deeds and/ or such other collateral security. The title to the property has to be clear, marketable, and free from encumbrance. In other words, there should not be any existing mortgage, loan, or litigation, which is likely to affect the title to the property adversely.
* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.
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