Muthoot Finance Loan Against Property

Muthoot Finance offers loan against property for persons or firms or companies owning real estate property in the state of Kerala.

The borrower will have to provide security by mortgaging landed property having value that is at least 200% of the loan amount.

Documents required for Muthoot Finance Loan against Property

You will be required to submit the following documents along with your application form:

1. Business license and registration certificate relating to the business.
2. Audited financial statements.
3. Income tax returns for 3 years.
4. Title deeds that are relating to the property.
5. Know Your Customer documents of the borrower and the signatories of the facility.

KYC documents includes identity and address proof like PAN card, passport, voter id, license, electricity and telephone bill, etc. You will be required to submit your income proof, salary proof, and copy of ITR for two years, bank statement copy, copy of last two years’ balance sheet, copy of educational qualification, copy of professional practice certificate, etc.

Features and Benefits of Muthoot Finance Loan against Property

The features and benefits are as follows:

1. Muthoot Capital offers loan against property that sanctions loans ranging from Rs.2 lakh to Rs.35 lakh.
2. The loan tenure ranges from 6 months to 36 months.
3. Individual firm and companies can leverage the real estate property owned by them.
4. The loan is sanctioned to meet immediate fund requirements of working capital or fixed assets or for both or for the purposes of consumption.
5. The emphasis is less on the usage of the funds for purposes of business and more on the value of security.
6. You can choose to repay the loan amount at the end of the sanctioned period or in equated monthly instalments with interest.
7. If you choose bullet repayments, interest will have to be serviced each month.
8. Part payment of the loan is allowed.

Interest rate of Muthtoot Finance Loan against Property

The interest rates depends on the purpose of the loan, amount of the loan and other relevant factors. Check with the nearest branch to know more about the interest rate.

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