Arrange your Much-Needed Finances by getting a Loan against Property

As the proverb says, “opportunities don’t knock twice.” You must be ready to grab the first chance that comes your way to attaining self-reliance. However, you need to have sufficient funds to achieve this, but many a times, we fall short on finances and end up taking debt from a lender. A good way to arrange your finances is to evaluate the potential of your property and use it to meet your financial needs. Reliance Commercial Finance, a prominent financial service company helps small and medium enterprises (SME) become a self-reliant entity through their loan against property.




Here are some of the features of this type of loan.

1. The borrower can avail loan against all types of properties, be it residential, commercial or industrial. The interest rate on loan against property also remains the same in the case of a plot or land.

2. For seeking a loan amount upto Rs 3 crores, the borrower does not need to submit any audited financials.

3. Seeking a loan against property from Reliance Commercial Finance means higher LTV (loan-to-value ratio) and tenures. Besides, it comes with flexible repayment options as well.

Once the loan application of the borrower is approved, he then needs to submit some necessary documents. Apart from common documentations like application form, identity proof and passport sized photographs, the other necessary papers differs for that for an individual to a company. However, eligibility criteria for both individuals and companies are more or less same.

The much-needed loan amount will definitely help businesses and individuals achieve their goals. With long tenures and flexible repayment options, they don’t have to bear the stress of repaying the loan soon. Instead, they can use the finances in a smart way, thereby achieving successful end-results.