Mortgage Loan From Religare Finvest

Interest Rate starts from 12.50*%
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Mortgage Loan From Religare Finvest

Possessing a valuable property that can be mortgaged for your needs? Check out the Mortgage Loan offers from ApnaLoanBazaar provided by various bank across India and enjoy our support till the Loan closure.

Interest Rate starts from
12.50 * %
Processing Fee
1.0% *
Loan Tenure
Upto 10 Years
Guarantor Requirement
Allowed
Part-Payment
Allowed
Pre-Closure Charges
Nill

About Religare Finvest

Religare Finvest Limited (RFL) a subsidiary of Religare Enterprises Limited (REL), is a Small and Medium Enterprise (SME) financing focused NBFC. The diversified suite of lending solutions include, SME Mortgage Loans, SME Working Capital Loans, Short Term Trade Finance to meeting financial requirements of Small and Medium Enterprises (SMEs), self-employed businessmen, exporters/ importers and professionals

Highlights

ERM Leadership Awards 2016’ under the category ‘The Most Innovative Risk Management Strategy
CIBIL Data Quality Award 2016’ under the category ‘Fast and Upcoming’ – outstanding data quality score improvement during the year 2015
Finnoviti 2012 Award for the ‘Innovation in Process’ category
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FAQs About Religare Finvest Mortgage Loans

What is the loan repayment tenure?
  • The tenure is between 12 months to 120 months for different product categories.
How can I apply for a RFL Loan?
What is the documentation* required for availing loans ?
  • Application Form
  • KYC
  • Financials
  • Banking
  • * Conditions Apply
Who all can Apply for loans from RFL?
  • Self Employed professionals
  • Proprietorship Firms
  • Partnership Firms
  • Private Limited Companies
  • Limited Companies
What are the interest rate options available ?
  • All our loans are priced to risk assessment.
  • Floating Rates Products : SME- Mortgages, SME - EDI and SME Equipment Finance
  • Fixed Rates Products : SME-Unsecured WC, SME- Commercial Assets and SME-Loan against Marketable Securities
What is an amortization schedule?
  • An amortization schedule provides EMI repayment and detailed break up of principal outstanding and interest payable every month throughout the loan tenure.
What are the various stages involved in availing the loan?
  • There are three main stages -
  • Loan Application
  • Loan Sanction
  • Loan Disbursement
  • All our customers are informed about these stages through a dedicated SMS facility.
Can I pre-pay my loan?
  • Yes, you can pre-pay the loan subject to pre-payment conditions.
What are the next steps post my loan tenure is complete?
  • At the time of expiry of the loan tenor and repayment of all the dues, your loan gets closed and the property collateral along with NOC is provided by you is returned back free of all charges. Once the loan tenure is complete and there are no dues to RFL, your loan account gets closed and a No Objection Certificate( NOC) is issued to you along with the original property documents which were submitted with RFL as collateral at the time of disbursal of loan, within 15 working days.

Required Documentation For Salaried Persons

  • Filled Application form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Latest 3 months Payslips
  • Job Continuity Proof
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents

Required Documentation For Self Employed/Professionals.

  • Filled Application form
  • Identity Proof
  • Address Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents

Identity Proof For Mortgage Loan

  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification 

Age Proof For Mortgage Loan

  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)

Address Proof For Mortgage Loan

  • Passport
  • Telephone bill (BSNL/MTNL)
  • Electricity bill
  • Title deed of property
  • Rental agreement
  • Driving license
  • Election ID card
  • Photo-credit card (with last two month statements) 

Income Proof For Mortgage Loan

  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Job Continuity Proof For Mortgage Loan

  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

Mortgage Loan Can Be Used For Many Purposes Like Below

For Business Expansion

Accelerate the Business Growth

For Acquiring New Technology

For Construct a New Block

for setting up a new Factory

Setting up a new branch

To Pay off the other Loans

To Procure the More Stock

Things Keep In Mind
Interest Rates
Expert Advice
Mortgage Loans Vs Lease Rental Discounting