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Are you Searching loan In your Bank. Bank Rejects Your Loan ? Is the Loan Against Property (LAP) facility for you ?? Why Loan Against Property. Welcome to Aditya Birla Finance Ltd
By:Aditya Birla Finance Ltd. Relationship managerFeatures of Loan Against Property
- Collateral: Residential, Commercial, Industrial and Warehouse property
- Tenure: Up to 15 years
- Maximum loan amount: Up to Rs 75 crore
- Attractive loan against property interest rates
- No pre-payment charges upto a maximum of 25% of your outstanding loan,every financial year
- Loan amount: Up to 65% of property value in case of commercial property, up to 75% in case of residential property
Please ask us for the required set of documents at the time of inquiry to know your loan against property eligibility.
Are you trying to take loan against property, Topup loan, Balance Transfer from your Bank or not geting loan from Your Bank try one time in Aditya Birla Finance Ltd For your Loan.
For More Information From Relationship Manager Of Aditya Birla Finance Ltd. Contact Sriman Narayan ( RM ABFL) for Whatsapp and Call 7492863810 For Any details Information For Delhi, Noida, Gurgaon, UP, Rajasthan, Punjab, Dehradun, Bihar, Gujarat- Rajkot, Baroda, Ahmedabad, Surat, Mumbai, Banglore, Chennai, Pune and All Indin City.
Is the Loan Against Property (LAP) facility for you?
If you are in immediate need of money for personal or business needs, LAP can transpire into an excellent financial decision. All the rights and accruements over the mortgaged property remain with you during the loan period. You can also take a property loan on the assets whose ownership is in your name but are leased out by you.
Simply for infusion into Business, or for a home restoration project or the purchase of a new commercial premises the LAP facility is a worthy financial product to explore.
Why Loan Against Property (LAP)?
We offer this facility is to enable the borrower to monetize his owned property without selling it. The necessary funds are raised in a short period of time, subject to valuation of the property and the submitted documents. The loan helps the borrower tide over a financial crisis with minimum risk.
STANDARD SCHEDULE OF CHARGES
The following standard schedule of charges that are applicable on your loan are mentioned in the table below.
It is subject to change from time to time on discretion of ABFL. Any GST as applicable on the Charges as per below schedule shall be payable by the Borrower.
| Transaction | Charges |
|---|---|
| Fore-Closure Charges: | Lock in period is 24 months from the date of final disbursement. No foreclosure is allowed during this period. (This restriction is not applicable for individuals borrowing for personal use) For given application: Please refer page no. 1 and/or 2 of this sanction letter. |
| Fore-Closure Charges after lock in period is over | In case of Individual loans (where borrower is individual, with or without co-obligant(s)) for Personal purpose: NIL foreclosure charges In all other cases: 4% of the Principal outstanding amount. |
| Part pre - payment condition | 25% of the principal outstanding as on 1st April of given financial year will be allowed to be part paid without any charges. (This restriction is not applicable for individuals borrowing for personal use) For given application: Please refer page no. 1 and/or 2 of this sanction letter. |
| Part Prepayment Charges | In case of Individual loans (where borrower is individual, with or without co-obligant(s)) for Personal purpose: NIL foreclosure charges In all other cases: 4% of the part payment in access of 25% in given financial year |
| Additional Note on Foreclosure and Part Prepayment Charge | Foreclosure or part prepayment charge offered less than standard charges will be applicable only in case of NIL bounce, by applicants, in any of the loans with ABFL during currency of the loan granted vide this sanction letter. Standard charge mentioned here applicable otherwise. |
| Other Charges?: | |
| Default Penal Interest Rate / Non Conformance with any covenants / stipulated conditions (at the sole discretion of ABFL) | 24% p.a. i.e. 2% per month |
| Cheque Return Charges/ECS/SI/NACH failure charges | Rs 1000/- per instance |
| Accrued Interest | As applicable based on actual delayed status or as communicated by the lender from time to time |
| Cancellation Charges if any | 4 % of loan amount sanctioned |
| Closure charges for OD/LOC (Standard charges) | 4% of prevailing limit at the time of closure |
| Request for copies of documents of any collateral held with ABFL per instance | Rs 2500/- per instance |
| Duplicate Statement/ Repayment Schedule / FC statement / any other document held with ABFL request | FC Statement: Rs. 1500/- per instance RTR: Rs 1000/- per instance Other statements: Rs. 200/- per instance |
| Charge For Exchanging PDCs, Security Cheques (Per Set) / ECS /NACH | Rs 1000/- per instance |
| CIBIL/Credit report retrieval fee | Rs 50/- per instance for Consumer and Rs. 500/- for Commercial CIBIL/Credit report |
| Loan Re-schedulement (on request from applicants, approval to be at sole discretion of ABFL) charges per instance | 2% of the prevailing loan outstanding |
| NOC issuance charges per instance | Rs 1000 |
| Swap/Conversion Charges (Fixed rate to floating and vice-versa, at sole discretion of ABFL) (on request from applicants, approval to be at sole discretion of ABFL) per instance | 3% of the prevailing loan outstanding |
| Property swap charges (on request from applicants, approval to be at sole discretion of ABFL) | 3% of the prevailing loan outstanding |
|
As per actual, where applicable |
Next steps...
Contact RM or Visit Any Branch Of Aditya Birla Finance Ltd.
Relationship Manager Of Aditya Birla Finance Ltd. Contact Sriman Narayan ( RM ABFL) Whatsapp Or Call 7492863810 For Any details Information For Delhi and NCR and Rajasthan, Punjab, Harayana, Himachal Pradesh, Bihar, Madhya Pradesh,Odisha, AssamMumbai, Goa, banglore, Keral, Nagaland, Tamil Nadu, Mizoram, Telangana, Andhra Pradesh, Jharkhand, Tripura, Meghalaya, Dehradun, Manipur, Uttar Pradesh, West Bangal, Gujarat- Rajkot, Baroda, Ahmedabad, Surat, Mumbai, Banglore, Chennai, Delhi, Pune, Jammu & Kashmir, Sikkim, Chhatisgarh, Maharashtra.