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Loan Against Property For Manufacturers
To compete with corporate businesses, manufacturing financing is necessary for small manufacturers. Working capital is essential to assist with payroll, equipment maintenance, machine upgrades, raw material invoices, etc.
Leverage your industrial or residential property to get this capital. SMFG India Credit Loan Against Property can make you use the economic worth of your property to get immediate finance to meet a variety of your business needs.
Features And Benefits
Market Value Ratio
Residential property loan amount up to 70% of the market value of your property. Commercial property loan up to 60% of the market value of your property.
Flexible Tenure
Flexible repayment tenure up to 15 years* or until the attainment of 65 years*.
Working Professional
Loans against property for salaried and self-employed individuals
Easy Processing
Loan documentation is hassle free and quick loan disbursal
Online Processing
Check for eligibility for your business loans on your online application.
* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.
FAQs
What is Loan Against Property for Manufacturers, and how does it work?
Loan Against Property for Manufacturers is a financial solution that allows small manufacturers to leverage their industrial or residential property to secure capital for various business needs, such as working capital, equipment upgrades, and raw materials. SMFG India Credit LAP utilizes the property's value to provide immediate financing to manufacturers, enabling them to compete with larger businesses.
What kind of properties are eligible for a Loan Against Property for Manufacturers?
Both industrial and residential properties can be leveraged for a Loan Against Property for Manufacturers, enabling manufacturers to access capital using the economic value of their property.
What are the maximum and minimum loan amounts that can be availed through a Loan Against Property for Manufacturers?
The maximum loan amount is ₹5,00,00,000*, while the minimum is ₹5,00,000.
How long does it take to get approval for a Loan Against Property for Manufacturers?
Approval for Loan Against Property is swift and comes with quick disbursal, ensuring manufacturers can access funds promptly.
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Insurance disclaimer SMICC is registered with the Insurance Regulatory and Development Authority of India (IRDAI) as a Corporate Agent. IRDAI Registration No.: [CA0098] CIN No. U65191TN1994PLC079235. The insurance policy is a contract between the customer and the insurance company, and policy is underwritten by insurance companies. SMICC acts only as the distributor and is not responsible for any risk, policy issuance, claim settlement/repudiation etc. Insurance is the subject matter of solicitation. Purchase of insurance is voluntary and subject to insurer underwriting and policy terms and conditions. Customers are advised to read the policy terms and conditions, benefits, exclusions, claim settlement carefully before purchase. Kindly note that “Insurance Products” are not mandatory for the purpose of the application and disbursement of loan. It shall be the sole discretion of the customer, by providing explicit consent, to avail such insurance along with the Loan.
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