Retail LAP & Micro LAP
Apply NowRetail and Micro LAP
Provision of term loan facility against the value of commercial as well as residential property. Maximum funding upto Rs. 50.00 lac for residential or 60% of market valuation of property whichever is less and maximum Rs. 50.00 lac for commercial or 50% of market valuation of property whichever is less
Individuals and Self Employed
Long term loan facility to finance against the value commercial as well as residential property to fulfill Individual & professional needs.
Retail Loans from Rs. 10 lakhs to Rs. 50 lakhs
Micro LAP loans from Rs. 3 lakhs to Rs. 10 lakhs
Maximum Tenure
60 Months
Interest Rate
17% to 21%
Processing Fees
2% + GST
Features and benefits
Flexible
Tenure
Easy
Application
Eligibility Criteria
Person with a satisfactory credit record along with acceptable collateral
For Individuals
- Property ownership vintage should be Min.5 year in the name of borrower/Co-borrower.
- Valuation of commercial/residential property
- Title clear report commercial /residential property
- Age of applicant should be minimum 22 years old at the time of sanction and should not be more than 65 years old at the time of end of tenor of loan.
- In case of salaried person, employment vintage should be min. of 3 years
- In case of self-employed, borrower business vintage should be of 3 Years
For Firm and corporates
- Property ownership vintage should be Min.5 year in the name of borrower/Co-borrower.
- Valuation of commercial/residential property - 2 valuation reports required if property value is over Rs. 50 lakhs
- Title clear report commercial /residential property
- In case of self-employed, borrower business vintage should be of 3 Years
Documents Needed
The document required to apply for Loans are easy to obtain. Indicated below is the list of documents required to avail a loan against property.
Photo Identity Proof
- Aadhar card
- Voter id
- Valid passport
- updated Bank passbook with Photo attestation by nationalized bank/Pvt Bank
- PAN Card
- ID Proof issued by Panchayat
- Gram Sevak
Address Proof
- Aadhar card
- Ration card
- Voter id
- Electricity bill
- Valid passport
- Rahivashi Dhakla issued by sarpanch of the village
- Updated Bank passbook of nationalized bank/Pvt Bank with same address
- Address proof issued by Gram Sevak
Income Proof
In case of Salaried
- 3 months salary slip
- Latest Salary certificate from the current employer
- Latest Form 16 / ITR
In case of businessmen
- Latest 3 year income and latest 3 yrs ITR.
In case of self-employed
- Individual bank statement
- 6 months Bank statement
Property/farming land Document
- Original 7/12 extract
- 8Aextract, Ferfar (6D)
- Boundary map from Talati/self- attested by farmer
- Govt valuation report from sub-registrar office/market valuation report
- Original Quotation for Solar equipments from Dealer
Related Links
Agri Financing
Loan Against Property
Others
SUSTAINABLE AGRO-COMMERCIAL FINANCE LIMITED
Corporate Office:
1st Floor, Marshall Building, Shoorjivallabhdas Marg, Ballard Estate, Mumbai 400001. Maharashtra, India
Registered Office:
7, Kumtha Street, Ballard Estate, Mumbai- 400001. Maharashtra, India
CIN No: U65999MH2011PLC213640
GST No: 27AAPCS6949E1ZR
Contact No: 02269061999
Email id: corporate.secretarial@safl.in
IRDAI Corporate Agency (Composite) Regn. No: CA0968 (Valid till 1st August 2027)
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