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Through our Affordable Loan Against Property, you can elevate your retail business to new heights by harnessing the value of your residential or commercial property. We provide the essential resources for your business growth, be it expanding your capacity, securing working capital, or stocking up on inventory. With favourable terms and financial adaptability, we ensure that your retail enterprise flourishes without any limitations.
As your dependable and trustworthy partner in retail business financing, we are dedicated to making the loan acquisition process for your shop or store completely hassle-free. With our expert guidance and efficient services, you can confidently concentrate on expanding your business and reaching your objectives. Embrace the potential of your retail business with our Affordable Loan Against Property, embarking on a journey toward prosperity and success.
| Schedule of Charges | Charges (inclusive of GST) |
|---|---|
| Processing Fees | Upto 3% |
| Penal Charges | 24% per annum on unpaid instalment |
| Foreclosure Charges | 4% of the future principal Outstanding |
| Other Charges | |
| Bounce Charges | Rs.600 |
| Duplicate NDC/NOC Charges | Rs.500 |
Disclaimer : These results are for indicative purposes only. Actual results may vary. For exact details, please contact us.
Self-Employed: ₹ 3 to ₹ 15 Lakhs
Salaried: ₹ 2 to ₹ 15 Lakhs
2% to 22%
24 to 120 months
2% to 6%
ILLUSTRATION
For ₹ 3,00,000/- borrowed at Interest rate’ of 1.75% p.m. for 48 months (interest rate on reducing balance method),the payable amount would be Processing fee’ ₹ 8850. Interest ₹ 1,45,920. The total amount to be repaid after 2 years will be ₹ 4,45,920*.
*Other charges may apply. Loan approval, along with the exact terms and conditions, is subject to the lender's discretion and may vary based on eligibility and other factors.
Indian
18 years to 55 years*
Active
Salaried/Self-Employed
Indian
18 – 65 years*
Active
Minimum 1 year
Both salaried and self-employed individuals meeting the age and income criteria.
Yes, a Loan Against Property offers flexible repayment tenure and competitive interest rates, making it a viable financing option.
No, the loan-to-value (LTV) ratio is typically between 40% and 70% of the property's current market value, subject to eligibility criteria.
Eligibility includes:
A CIBIL score of 700 or above is generally required for approval.
Repayment is done through equated monthly instalments (EMIs) over the agreed loan tenure.
Applicants should have a minimum monthly income of ₹25,000 or an annual income of at least ₹3,00,000.
Failure to repay may result in penalties, increased interest costs, and, in extreme cases, the lender taking possession of the property.
The processing time ranges from 15 to 30 days, depending on the availability of required documents.
*Disclaimer : Approval or rejection of a loan is at the sole discretion of TVS Credit. Time taken for approval and disbursal of loan, documentation required, loan amount sanctioned, interest rate of the loan, repayment period, and other financial terms shall depend on the applicant's financial profile, creditworthiness, eligibility as per TVS Credit's internal policies, etc. Please read the Terms and Conditions, including any fees or charges associated with the loan, before proceeding with the application.
