Loan Against Property in Darbhanga

RBI Registered
RBI Registered NBFC

Check Your Loan Eligibility in Just 2 minutes!

Attractive interest rates
Attractive interest rates
Unsecured Loan upto 5 Crores
Unsecured Loan upto 5 Crores
Approval within 48 Hours
Approval within 48 Hours

How does Loan Against Property Work?

Types of Loan Against Property in 2024

Term loan against propertyTerm loan against property

Benefits
Up to 150% LTV
Up to 150% LTV
Unlock the potential of your properties with the best LTV in the market
Quick disbursal
Quick disbursal
With a 100% digitized process, get loan disbursement within 24-48 hours
Seamless property evaluation
Seamless property evaluation
With easy and seamless property evaluation process, get a fair and faster sanction

Purchase Finance against propertyPurchase Finance against property

Benefits
Up to 150% LTV
Up to 150% LTV
Unlock the potential of your properties with the best LTV in the market
Quick disbursal
Quick disbursal
With a 100% digitized process, get loan disbursement within 24-48 hours
Interest as per usage
Interest as per usage
The interest would be charged only for the exact amount and duration of use

Loan Against Property Eligibility & Documents

Apply with minimal documentation

Eligibility

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Minimum turnover ₹3 crores
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Business vintage 3+ years

Required Documents

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KYC details
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Last 6 months of banking
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Financials for previous 2 fiscal years
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GSTR details for current fiscal year

Loan against Property Interest Rates

Interest Rates
Starts from 12% per annum
Processing Fees
Starts from 1% per annum
Penal Interest
Starts from 2% per month + Applicable Tax
EMI & Check Bounce Charges
500 + Applicable Tax
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Enhanced Security Features

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Hassle-free Loan Applications

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Simplified Documentation Process

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Get Disbursals on the Fly

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Ledger on Your Fingertips

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Enhanced Security Features

How to Apply for a Loan Against Property

Step-by-step online process to apply for Financing
1
Check Eligibility
Check your loan eligibility
2
Submit Application
Complete a 100% online application form
3
Get Sanctioned
We will evaluate your application and propose a fair sanction
4
Receive Funds
Get disbursements within 2 days of sanction

Why Oxyzo?

Oxyzo provides new-age customized financing
products for your business needs

No foreclosure charges

No foreclosure charges

Minimum processing-fee

Minimum processing-fee

Easy Repayment tenure

Easy Repayment tenure

Flexible repayment tenure

Flexible repayment tenure

No minimum utilization charges

No minimum utilization charges

Approval within 48 hours

Approval within 48 hours

Digitized process

Digitized process

Affordable Interest Rates

Affordable Interest Rates

Get Working capital with Loan against property

Oxyzo Loan against Property in Darbhanga: Quick Disbursal, High LTV & Digitized Process

Darbhanga is a city located in the northern part of Bihar, India. It is known for its rich cultural heritage, historical monuments, and educational institutions. With a growing population and increasing economic activities, the need for financial services like loan against property is on the rise. Oxyzo, a leading financial services provider, offers loan against property in Darbhanga with several benefits for manufacturers, contractors, and small and medium-sized enterprises (SMEs).

Loan Against Property: A Valuable Financing Option

Loan against property is a secured loan that allows borrowers to avail funds against the collateral of their property. It is a popular financing option for businesses that require funds for expansion, working capital, or other financial requirements. The loan amount depends on the value of the property and can be up to 150% of the property’s market value. The interest rates for loan against property are generally lower than unsecured loans, making it a cost-effective financing option for businesses.

Benefits of Oxyzo Loan Against Property in Darbhanga

Up to 150% LTV: Oxyzo offers loan against properties with a high loan-to-value (LTV) ratio, which means borrowers can get a loan amount of up to 150% of their property’s market value. This allows businesses to access a higher amount of funds, making it easier to finance their requirements.

Quick Disbursal: Oxyzo understands the importance of timely financing for businesses. Hence, the loan against property in Darbhanga comes with quick disbursal options. The loan amount can be disbursed within 24-48 hours of document verification, making it an ideal financing option for businesses with urgent financial needs.

100% Digitized Process: Oxyzo’s loan against property in Darbhanga is a fully digitized process, from application to disbursal. This ensures a hassle-free and transparent loan processing experience for borrowers. Additionally, the digitized process also enables faster processing and turnaround time for loan applications.

Suitable for Manufacturers, Contractors & SMEs: Oxyzo’s loan against property in Darbhanga is designed to cater to the financing requirements of manufacturers, contractors, and SMEs. The loan amount can be used for various purposes like working capital, expansion, capital expenditure, and more.

Competitive Interest Rates: Oxyzo offers loan against property in Darbhanga at competitive interest rates. The interest rates are based on factors like the loan amount, LTV ratio, credit score, and repayment tenure. The interest rates are affordable, making it easier for borrowers to manage their loan repayments.

In conclusion, Oxyzo’s loan against property in Darbhanga is a valuable financing option for businesses. With high LTV, quick disbursal, digitized processes, and competitive interest rates, businesses can easily access the funds they require. The loan against property is suitable for manufacturers, contractors, and SMEs, making it an ideal financing option for businesses in Darbhanga.

Frequently Asked Questions

What is the required loan against property eligibility ?
The LAP eligibility for a business entity is :
  • Minimum turnover 3 crores
  • Business vintage 3 years +
Does Oxyzo provide a loan against land property ?
Yes
What are the documents required for a loan against property ?
SMEs are required to apply online for LAP with the following documents:
  • KYC
  • Last 6 months of banking
  • GSTR details for the current financial year
  • Financial statements for the previous 3 financial years
  • Property document
What types of properties are accepted by Oxyzo to provide Loan Against Property (LAP) ?
We accept residential, commercial, or industrial property for LAP.
Why should you consider a LAP ?
A loan against property (LAP) gets you a higher loan sanction at a low cost.
Can one apply for a loan against property that is jointly owned ?
Yes, you can surely apply for a loan against jointly against an owned property, and in such situations, all co-owners either become joint applicants or the separate share of the applicant is valued to decide the loan amount.
What is a safe credit score limit to secure loans against property ?
It will vary from one lender to another & based on the credit authority they are using, but it is safe to maintain a credit score above 700. The higher your credit score, more are the chances for you to secure the loan.
Can startups and small businesses secure loans against property ?
Yes. They can. There are specific types of loans against property specially tailored for startups and SMEs to help them grow and compete with legacy players.
How long does it take for loans against property to be approved ?
This varies from lender to lender, but platforms like Oxyzo that use a digitalised process instantly approve your loan and disburse the funds. Delays can be due to the evaluation of the property and due diligence.
How is the loan amount determined ?
The loan amount is usually determined based on the valuation of the property, income-to-debt ratio and credit score.
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