Are you located in Noida and are looking for funds to finance big-ticket expenses? Property owners can rejoice since the hidden value of your property can help you avail of the funds required to give wings to your dreams.
We at SMFG India Credit are glad to partner with you in helping you achieve your dreams. We haven’t laid down barriers on the reasons for which the funds can be used with the exception that the funds cannot be used for any illegitimate purpose. If you are a salaried, self-employed professional or SME considering a loan to finance your expenses, this is why a loan against property in Noida might be an ideal option:
Our basic eligibility criteria are simple and straightforward to ensure a smooth customer experience. The basic criteria are as described below:
Please note that other factors such as the nature and value of your property, your monthly income, existing obligations, credit history and other factors including SMFG India Credit’s policy at the time of loan approval will also be considered to determine mortgage loan eligibility. In case of multiple applicants, the same criteria for all applicants will be considered.
The documents required for loan against property to be submitted to evaluate your eligibility while applying:
Salaried Professionals: Salaried professionals desirous of applying for a loan are required to furnish a copy of their Income tax returns of the previous two years, KYC documents, bank statements and salary slips of the previous six months in addition to the documents of the property offered as collateral while applying for the loan.
Self-Employed Persons: Self-employed persons are required to submit a copy of their Income Tax returns of the previous two years, KYC documents, bank statements of the past 6 months, and income statements in addition to the documents of the property offered as collateral while applying for a loan against property in Noida.
SME’s: SMEs are required to submit KYC documents, a copy of Form 16, bank statements for the previous six months accompanied with Income tax returns for the previous two years along with the summary of audited financial statements, and the documents of the property offered as a loan.
If you are considering opting for a loan against property, get in touch with us through phone, email or walk into the nearest SMFG India Credit branch to know more.
*Terms and conditions apply.
You can obtain finance of up to INR 5 crore* or up to 65%* of the market value of your residential/commercial property in Noida.
Because of the extensive verification process involved, it can take up to 15 to 30 days* to receive the funds.
We have simplified the loan application process for the convenience of our customers. After your application, our customer service representatives will contact you to understand your requirements and disburse the loan as soon as possible.
Yes, salaried individuals in Noida availing of LAP can get tax deductions of up to INR 2 lakh on the interest paid on LAP in a particular financial year under Section 24 (B).
The property against which you need a loan must not already be pledged as collateral for any other loan.
A loan against property is a secured loan that gives you a financial cushion by borrowing funds on your residential, commercial, or industrial property that you pledge as collateral. You can use the funds for any purpose - personal or business expenditures.
SMFG India Credit has a transparent and speedy process of loan approval and disbursal. We try to approve your application as quickly as possible.
You are given two payment modes i.e PayTM and Billdesk. If you select PayTM, you will have further options such as BHIM UPI, debit card, and net banking. If you opt for BillDesk, you will be taken to the payment gateway page. Here, you would be provided with further Netbanking, Debit Card, Google Pay or UPI/wallets options.
Commercial Space No. FWH-01, 1st Floor, Pearls Plaza Complex, Plot No. K-24-A, B, C, D, E & 25, Sector-18, Noida, Uttar Pradesh-201301
Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:00 AM to 7:00 PM (except Sundays and public holidays).
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