व्यापारी
भाईयों के लिए खुशखबरी दुकान एवं शोरुम खरीदने का सुनहरा अवसर एल0 आई0 सी0 हाउसिंग
फाइनेंस द्वारा प्रदान किया जा रहा हैं।
Loan for Purchase of Commercial Property.
We are
pleased to inform you that the competent Authority has approved new product for
loan for purchase of Commercial Property. Salient features of the scheme are as
follows:
1 Name of the product:-
Loan for purchase of Commercial Property
2 Purpose of Loan:
a) Purchase of commercial properties
b) Extension of commercial
properties
c)
Takeover of loan from other financial
institutions only if original loan is for purchase.
No Top Up
facility
3) Eligible Applicant/s: Resident Indian Individuals:
·
Salaried
·
Self
Employed
Non Individuals:
·
Firm
(Proprietor/ Partnership/LLP)
·
Companies
(Pvt. Limited/ Closely held Public Limited)
The
Applicants combination will be as per scheme parameters covered under Griha
Vikas.
(4) Property Types: Shops/ Showrooms, Office Premises,
Banquet Halls
And
Warehouse where properties are ready to move and Occupation Certificate /
Completion is obtained from Statutory Authorities.
(5) Quantum of Loan: Minimum loan –Rs. 50 Lakhs
(6) Rate of Interest: Linked to LHPLRNH – Current LHPLRNH
– 14.80%
Particulars
|
Rate of interest(Floating)
|
Customers having CIBIL score 700 and above
|
10.50%
|
Customers having CIBIL score 600 and more but less than
700
|
11.00%
|
In case of Company, promoter directors/s
having highest score will be considered)
7-Processing Fees : 1%
of loan applied + applicable taxes
8-Loan to value : 75% of agreement / sale deed value
9-IIR/MLSC :
Maximum up
to 90% (no discretion)
10-Repayment Team : Maximum
10 years
(Age restrictions as per Credit
Appraisal SOP)
11- EMI Repayment : NACH
12- Area of Operations: Area Office headquarters. Property
has to be within Corporation / Municipal Council Limits
13-Sanctioning Authority: Regional Manager up to loan of Rs. 5
Crs Cases above Rs. 5 Crs to be referred to Corporate Office for decision.
14. Security: Deposit of title documents in Original
Equitable/ Registered Mortgage (Circular on mortgage
methodology issued video credit
appraisal circular no. 122 dated 20th Fabruary 2015 to be referred)
Demand promissory note & Money receipt Any Additional / Interim /
Collateral Security (preferably in the form of residential property), to be
taken if required by the sanctioning authority
In case on Non Individual Applicants:
Personal
Guarantee of all Promoter Directors/ All Partners to be obtained
Registration of change in ROC (for company/ LLP)
15) Other
Conditions:
·
All
Applicants must be Co-owners except in case of Spouse of Applicant. No income of any Applicant, who
is not a Co-owner, should be added for Calculation.
·
Income
of Spouse of an Applicant can be considered for IIR (MLSC) Calculations even
though Spouse is not Co- owner
·
Joint
Applications from Father / Mother with Son (s) may also be considered for
calculations.
·
Area
office to monitor loans on quarterly basis and submit monitoring report as per
attached format to Regional Office.
Contact us:-
LIC HOUSING FINANCE LTD
North Central Regional office, 1st
floor, Jeevan Bhawan-I 43 MG marg Hazratganj Lucknow-226001
Phone no: 0522-4322388
Mobile no: 07376065422, 07652090244
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