Loan Against Property in Nagpur

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How does LAP Work?

Avail LAP in Two Types

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

Eligibility & Required 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
Financials for previous
Financials for previous 2 fiscal years
for current fiscal year
GSTR details for current fiscal year
Property document
Property document

Our Terms

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 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

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

Nagpur, the third-largest city in Maharashtra, is a major commercial and industrial hub in central India. It is known for its orange orchards, historical landmarks, and diverse culture. The city is home to a wide range of businesses, from manufacturing and construction to small and medium-sized enterprises (SMEs). If you are a manufacturer, contractor, or SME owner in Nagpur, and looking for quick access to funds, Oxyzo’s loan against property is an excellent option.

Oxyzo offers loan against property (LAP) at attractive interest rates to eligible borrowers. Whether you need funds for expanding your business, purchasing machinery, or fulfilling working capital needs, Oxyzo’s LAP can help you achieve your goals. With up to 150% LTV (loan to value) and quick disbursal (within 24-48 hours), you can access the funds you need in no time.

One of the significant advantages of Oxyzo’s LAP is the digitized process. As a borrower, you can apply for a loan online, upload documents, and track the application status in real-time. The entire process is transparent and hassle-free, allowing you to focus on your business.

As a manufacturer, contractor, or SME owner, you can benefit from Oxyzo’s LAP in several ways. Firstly, you can use your property, whether commercial or residential, to secure a loan. This way, you can access higher loan amounts at lower interest rates compared to unsecured loans. Secondly, with Oxyzo’s flexible repayment options, you can choose a repayment schedule that suits your business’s cash flow. Lastly, Oxyzo’s LAP is a great way to build your credit score and improve your chances of accessing credit in the future.

In conclusion, Oxyzo’s loan against property is an excellent option for manufacturers, contractors, and SMEs in Nagpur looking for quick and affordable access to funds. With attractive interest rates, up to 150% LTV, and a digitized process, Oxyzo’s LAP is a convenient and hassle-free way to meet your business’s financial needs.

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.
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