Loan Against Property

Shift back your focus to your desires

SRG understand the value of your time and property and thus helps you to focus where your focus should be. With our Mortgage property loan/Loan against Property (LAP) offering, we provide you liquidity in hand thus allowing you to leverage the value of your fixed property lying idle. SRG LAP is a financial tool that allows you to mortgage your idle lying residential/commercial property at the best available mortgage rate in the industry while allowing you to continue to occupy the same. You can use the money to meet any of your financial needs be it for business expansion, debtrestructuring ,converting you current loan at attractive rate of interest, children education , marriage or any other suitable purpose.

SRG has the following offerings under its LAP profile

SRG Wealth Loan

It is offered to Salaried Person or businessmen against mortgage of immovable properties for such purposes as may be desired by the borrower.

SRG New Avenue Loan

It is the loan for purchase and/or construction of non-residential and commercial property.

Key features and benefits with SRG

Our product offers you customized mortgage loan solutions as per to your requirements, affordable interest rate with flexibility and ease in repayments options of you EMI’s. We assure you of quick processing of your mortgage loan thus valuing your time and money. Our executives with their financial acumen helps you in every step of mortgage finance process like most accurate valuation of the property to the calculation of suitable loan EMI and tenure. We provide excellent post disbursement services. Business has no base if the value statements of the company are compromised. At SRG we follow highest standards of ethics, integrity and most importantly transparency in our workings. Mortgage loan eligibility

Mortgage Loan Amount

  • Minimum loan amount- 15% of NOF
  • Maximum loan amount- reasonable amount of up to 80% of total documented cost.
  • Loan tenure and term

    Tenure of your home loan ranges between 1 to 10 years.

    Interest Rates

    Interest rate applicable is based on the SRG interest rate policy, based on the money market conditions.

    Processing fees and other charges

    Click here

    Easy repayments

  • ECS
  • PDCs( drawn on salary/saving bank a/c)
  • Online paymentsoptions (net banking, mobile wallets, debit cards, credit cards etc.)
  • Co Applicant

    Loan can be applied individual, it can be further enhanced by including an earning co applicant.

    Document Required

    Click here to check the list of document required.

    Legal and Technical Scrutiny

  • Studying title deed, link documents and Encumbrance certificate (EC)
  • Scrutinizing EC to ensure all title/link documents pertaining to the property are obtained
  • Verifying documents to check that chain of seller(s) and buyer(s) is properly maintained
  • Scrutinizing title/link documents to ensure that buyer has absolute and marketable title
  • Ensuring that plot does not fall in areas adversely notified by Government and also that the property is not              situated in lands notified as Government lands
  • If the property is situated in recently developed, areas appropriate lay out approvals by necessary authorities          are provided
  • Whether actual construction is done according to the approved plan etc.
  • Loan Security

    Security for the loan is a first charge by way of an equitable mortgage of property to be financed /or such other collateral deem fit by SRG.Say for example- Mortgage of the land over which the building is proposed along with super structure. Personal Guarantee of the Partners / Promoters Corporate Guarantee (if required).

    Loan Disbursement

    Check here for the loan disbursement process