Types of Loan Against Property
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Loan on various property
- With Spoctree, you can avail loan against your residential/commercial property, or a loan to purchase a commercial property
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Flexible repayment
- Pay your mortgage loan according to your budget and enjoy the flexibility of part payment facility. Spoctree allows you to borrow for tenures for a period of 20 years with the flexibility to modify the tenure structure according to your financial needs
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Transparent processing
- All charges communicated upfront at the time of loan processing. No hidden charges
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Quick and efficient servicing
- With Spoctree`s quick service, your loan against property will be processed quickly and with ease
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Security
- Spoctree provides equitable mortgage of the property for when the commercial properties are rented out on lease. In addition to that, a tripartite agreement/irrevocable power of attorney is also required
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Online account management
- Access your loan details anytime and anywhere via the customer portal
Documents for Salaried Applicant
KYC documents
- PAN Card (mandatory) and any one of the below documents:
- Copy of Passport / Voters ID / Aadhaar card / Driver`s license
- Each lender has ROI which depends on several factors
Proof of income
- Copy of last 3 months salary slips
- Copy of last 6 months bank statements - showing salary credits
- Copy of latest Form-16 and IT returns
Property related documents
- All charges communicated upfront at the time of loan processing. No hidden charges
Other documents required
- Last 6 months Bank Statements showing repayment of any ongoing loans
- Appointment letter or employment contract in case current employment is less than a year old
- A photograph of all applicants/co-applicants.
- For ongoing loans - Copy of last 6 months bank statements showing repayment of on-going loan
Documents for Self-Employed Applicant
KYC documents
- PAN Card (mandatory) and any one of the below documents:
- Copy of Passport / Voters ID / Aadhaar card / Driver`s license
- Each lender has ROI which depends on several factors
Proof of income
- Copy of income tax return along with the computation of 2 financial years.
- Balance sheet and profit & loss account (with schedules and audit report) – audited or CA certified
- Copy of last 6 months current account statement of the business entity and savings account
Property related documents
- Copy of complete chain documents of the property (as applicable)
- Copy of approved plan (only if applicable)
Other documents required
- Memorandum of Agreement (MOA) - for private limited companies
- List of the shareholding pattern (duly CA/CS certified)
- For ongoing loans - a copy of last 6 months bank statements showing repayment
- Partnership deed - for partnership firms