Housing Finance & Real Estate Loan

Loan available under this scheme is for

• Building commercial complex, residential houses, factories, warehouse.
• Purchasing land, houses, bunglow and flat.
• Repairing, furnishing, landscaping etc.

Loan Amount
Minimum of Rs. 100,000.00 to maximum of Rs. 5,75,00,000.00.

Tenure
Any period between 12 to 60 months

Interest Rate
17% (In diminishing balance)

Security
As per company rules

Processing Fee
One time service charge (non-refundable) 1% on the loan amount.

Mode of Re-payment
Monthly and quarterly installments.

Documentation Required

• Authorized letter of construction from nagar palika.
• Engineer certified design of the proposed construction.
• Certified copy of place of business, employment / resident.
• Recent passport size photograph.
• Citizenship
• Certificate copies of source of income.
• If employed, salary certificates from the employer stating the employment record and tenure of service.
• Companies, Memorandum and article of association, at least two years of audited balance sheet and P/L accounts. Income tax documents.
• Board resolution authorizing an executive to deal on behalf of the company.
• Necessary security documents e.g. lalpurja, tiro raceed, napi naksa, char killa pramanit chhithi etc.
• Necessary documents requested by LAFIN

Note: All Loan Interest Rate is 17%.