Loan Against Property in Bihar

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How does Loan Against Property Work?

Types of Loan Against Property in 2024

Term loan against propertyTerm loan against property

Benefits
Up to 150% LTV
Up to 150% LTV

Unlock the potential of your properties with the best LTV in the market

Quick disbursal
Quick disbursal

With a 100% digitized process, get loan disbursement within 24-48 hours

Seamless property evaluation
Seamless property evaluation

With easy and seamless property evaluation process, get a fair and faster sanction

Purchase Finance against propertyPurchase Finance against property

Benefits
Up to 150% LTV
Up to 150% LTV

Unlock the potential of your properties with the best LTV in the market

Quick disbursal
Quick disbursal

With a 100% digitized process, get loan disbursement within 24-48 hours

Interest as per usage
Interest as per usage

The interest would be charged only for the exact amount and duration of use

Loan Against Property Eligibility & Documents

Apply with minimal documentation

Eligibility

Minimum turnover
Minimum turnover ₹3 crores
Business vintage
Business vintage 3+ years

Required Documents

details
KYC details
Last
Last 6 months of banking
Financials for previous
Financials for previous 2 fiscal years
for current fiscal year
GSTR details for current fiscal year

Loan against Property Interest Rates

Interest Rates
Starts from 12% per annum
Processing Fees
Starts from 1% per annum
Penal Interest
Starts from 2% per month + Applicable Tax
EMI & Check Bounce Charges
500 + Applicable Tax
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Enhanced Security Features

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Hassle-free Loan Applications

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Simplified Documentation Process

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Get Disbursals on the Fly

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Ledger on Your Fingertips

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Enhanced Security Features

How to Apply for a Loan Against Property

Step-by-step online process to apply
for Financing

1

Check Eligibility

Check your loan eligibility

2

Submit Application

Complete a 100% online application form

3

Get Sanctioned

We will evaluate your application and propose a fair sanction

4

Receive Funds

Get disbursements within 2 days of sanction

Why Oxyzo?

Oxyzo provides new-age customized financing
products for your business needs

No foreclosure charges

No foreclosure charges

Minimum processing-fee

Minimum processing-fee

Easy Repayment tenure

Easy Repayment tenure

Flexible repayment tenure

Flexible repayment tenure

No minimum utilization charges

No minimum utilization charges

Approval within 48 hours

Approval within 48 hours

Digitized process

Digitized process

Affordable Interest Rates

Affordable Interest Rates

Get Working capital with Loan against property

Welcome to Bihar – the land of rich culture and heritage! Located in the eastern part of India, Bihar is known for its historical significance and natural beauty. The state is home to numerous manufacturing industries, contractors, and small and medium-sized enterprises (SMEs) that are driving its economic growth.

However, like any other business, Manufacturers, Contractors & SMEs in Bihar may require funds for various purposes such as expanding their operations, purchasing new machinery or equipment, or meeting working capital requirements. In such scenarios, Loan Against Property (LAP) can be a perfect solution.

Oxyzo is one of the leading lenders providing Loan Against Property in Bihar. With Up to 150% Loan-To-Value (LTV) ratio and quick disbursal within 24-48 hours, Oxyzo’s Loan Against Property can help Manufacturers, Contractors & SMEs in Bihar to meet their financial needs.

LAP interest rates are one of the most crucial factors that businesses consider while applying for loans. Oxyzo offers competitive LAP interest rates, ensuring that businesses get access to funds at affordable rates. Additionally, the 100% digitized process of applying for LAP makes it hassle-free and convenient for businesses in Bihar.

Manufacturers, Contractors & SMEs can leverage their property assets to get access to funds through Oxyzo’s Loan Against Land. The loan amount can be used for various purposes, such as business expansion, working capital, purchasing new machinery or equipment, or any other business-related requirements.

Oxyzo’s Loan Against Property in Bihar is exclusively designed for Manufacturers, Contractors & SMEs, providing them with a customized solution to meet their unique financial needs. The loan offers several benefits, such as flexible repayment options, longer loan tenure, and low EMIs, making it easier for businesses to manage their finances.

In conclusion, Oxyzo’s Loan Against Property is a perfect solution for Manufacturers, Contractors & SMEs in Bihar who are looking for affordable and convenient funding options. With quick disbursal, competitive LAP interest rates, and a 100% digitized process, Oxyzo makes the loan application process hassle-free and convenient for businesses in Bihar.

Frequently Asked Questions

What is the required loan against property eligibility ?
The LAP eligibility for a business entity is :
  • Minimum turnover 3 crores
  • Business vintage 3 years +
Does Oxyzo provide a loan against land property ?
Yes
What are the documents required for a loan against property ?
SMEs are required to apply online for LAP with the following documents:
  • KYC
  • Last 6 months of banking
  • GSTR details for the current financial year
  • Financial statements for the previous 3 financial years
  • Property document
What types of properties are accepted by Oxyzo to provide Loan Against Property (LAP) ?
We accept residential, commercial, or industrial property for LAP.
Why should you consider a LAP ?
A loan against property (LAP) gets you a higher loan sanction at a low cost.
Can one apply for a loan against property that is jointly owned ?
Yes, you can surely apply for a loan against jointly against an owned property, and in such situations, all co-owners either become joint applicants or the separate share of the applicant is valued to decide the loan amount.
What is a safe credit score limit to secure loans against property ?
It will vary from one lender to another & based on the credit authority they are using, but it is safe to maintain a credit score above 700. The higher your credit score, more are the chances for you to secure the loan.
Can startups and small businesses secure loans against property ?
Yes. They can. There are specific types of loans against property specially tailored for startups and SMEs to help them grow and compete with legacy players.
How long does it take for loans against property to be approved ?
This varies from lender to lender, but platforms like Oxyzo that use a digitalised process instantly approve your loan and disburse the funds. Delays can be due to the evaluation of the property and due diligence.
How is the loan amount determined ?
The loan amount is usually determined based on the valuation of the property, income-to-debt ratio and credit score.
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