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How does LAP Work?
Avail LAP in Two Types
Term loan against property
Up to 150% LTV
Unlock the potential of your properties with the best LTV in the market
Quick disbursal
With a 100% digitized process, get loan disbursement within 24-48 hours
Seamless property evaluation
With easy and seamless property evaluation process, get a fair and faster sanction
Purchase Finance against property
Up to 150% LTV
Unlock the potential of your properties with the best LTV in the market
Quick disbursal
With a 100% digitized process, get loan disbursement within 24-48 hours
Interest as per usage
The interest would be charged only for the exact amount and duration of use
Eligibility & Required Documents
Apply with minimal documentation
Eligibility
Minimum turnover ₹3 crores
Business vintage 3+ years
Required Documents
KYC details
Last 6 months
Financials for previous 2 fiscal years
GSTR details for current fiscal year
Property document
How to Apply for Credit
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
Minimum processing-fee
Easy Repayment tenure
Flexible repayment tenure
No minimum utilization charges
Approval within 48 hours
Digitized process
Affordable Interest Rates
Get Working capital with Loan against property
Oxyzo Loan Against Property in Erode: Up to 150% LTV & Quick Disbursal
Are you a manufacturer, contractor, or SME looking for financial support in Erode? Oxyzo Loan Against Property in Erode can help you meet your financial needs. We provide loan against property (LAP) with up to 150% LTV and quick disbursal within 24-48 hours.
About Erode:
Erode is a city in Tamil Nadu, located on the banks of the river Cauvery. It is well-known for its textile and agriculture industries. The city is a hub for cotton production, and many textile mills are located here. Besides, Erode is also home to various small and medium enterprises that contribute significantly to the city’s economic growth.
Benefits of Loan Against Property in Erode:
LAP is a secured loan that allows you to borrow money by mortgaging your residential or commercial property. It is an ideal financial solution for manufacturers, contractors, and SMEs who need funds for business expansion, working capital, or any other business-related needs.
Oxyzo Loan Against Property in Erode offers the following benefits:
High Loan to Value (LTV) Ratio: We offer up to 150% LTV, which means you can borrow up to 1.5 times the value of your property.
Quick Disbursal: We understand the urgency of your financial needs, and therefore, we offer quick disbursals of loans within 24-48 hours.
Attractive Interest Rates: Our LAP interest rates are competitive and affordable, making it easier for you to repay the loan.
Digitized Process: Our 100% digitized loan process ensures hassle-free and convenient loan application and approval.
Loan Against Land:
If you own land and need financial support, you can avail of our loan against the land facility. Our LAP interest rates for land are attractive, and the loan amount can be used for various business purposes.
Conclusion:
Oxyzo Loan Against Property in Erode is a reliable financial solution for manufacturers, contractors, and SMEs looking for quick and hassle-free financial support. Our LAP interest rates are competitive, and we offer up to 150% LTV, quick disbursal, and a digitized process. Contact us today to know more about our loan against property facilities.
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.
