Property Loan
With simple criteria from LoanAda:
- Equitable / Registered Mortgage of Residential Property - Age of property not more than 35 years.
- Demand Promissory Note.
Now fulfil your dream of starting your own business or address any sudden need of money with LoanAda’s Loans against your Property.
Loan to Builders and Developers:
1. Construction Finance Loan
Object : Loans to Builders/Developers for developing and constructing Residential / Commercial Premises.
Loan term : Minimum- 6 Months to Maximum- 5 years
Security & Title: Mortgage of the land over which the building is proposed along with super structure. Personal Guarantee of the Partners / Promoters Corporate Guarantee (if required)
Disbursement of loan: Instalments depending on the progress of work in the project, its funding requirements and availability of sufficient security cover.
Repayment of loan : Through Escrow Account
2. Term Loan
Object : To Builders/Developers for business purposes.
Loan term : Minimum- 6 Months to Maximum- 5 years
Security & Title : Mortgage of the Security of adequate Value acceptable to LICHFL as may be deemed necessary. The Receivables from various ongoing projects to be assigned in favour of LoanAda.
Disbursement of loan: In single tranche or in instalments based on the requirement of the Applicant Company as agreed mutually.
Repayment of loan : Through Escrow Account.
