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Affordable Housing Finance

Non Home Loans

Our Non Home Loan products help you in expanding and growing your business.

6 Types of Loans to fulfil your business needs:

Loan for Commercial Property

Loan for purchase of a ready built commercial property

Loan Against Commercial Property

Loan to meet customer requirements against the security of a built-up commercial property

Loan Against Residential Property

Loan to meet customer requirements against the security of a built-up residential property

Loan Against Industrial Property

Loan to meet customer requirements against the security of a built-up industrial property

Balance Transfer Loan

Transfer of a Non-Home Loan from an approved institution

Balance Transfer + Top Up Loan

Transfer of a Non-Home Loan from an approved institution with the facility of a top-up loan

 

Features:

  • Long Loan tenure upto 15 years depending on loan schemes
  • Loans ranging from Rs 3 Lakhs to Rs 50 Lakhs*
  • Attractive rate of interest
  • Non Home Loans up to 70% of the property value*
  • No pre-payment charges, wherever applicable
  • Flexible repayment options
  • Minimum income/net profit of a family member/business can be as low as Rs. 5000 p.m.*
  • Balance Transfer of all above Non Home loans from ART approved financial institutions
  • Top Up loans on Balance Transfer loans for new and existing customers

*Terms and Conditions apply

Advantages:

  • Technology enabled paperless application
  • Easy documentation
  • Personalized customer service
  • Transparent processes
  • Tailor-made solutions to suit your needs
  • Assessment based credit understanding
  • Quick and efficient processing
  • Competitive home loan interest rate
  • Skilled and Trained Team

Eligibility:

  • Indian Resident
  • Minimum 23 years at the commencement of the Loan
  • Upto 65 years of age at loan maturity*
  • Salaried and Self employed Segments
  • Formal and Informal Income Segments
  • Eligibility is dependent on applicant’s income and repaying capacity, age, employment/business vintage, assets and liabilities, cost of the proposed property etc.

*Terms and Conditions apply

Documents Required:

  • Valid KYC documents of all applicants
  • Bank statements of latest 6 months
  • Income Proof for Salaried customers
    • Last 3 month’s salary slip or latest salary certificate from the employer
    • Current job appointment letter / Contract letter
    • Latest Form-16 (if available)
  • Income Proof of Self Employed Customer
    • Latest 2 years ITRs with financials, CA certified or audited as applicable
  • Business Vintage proof for Self-employed customers
    • Registration Certificate of the business• Partnership Deed and Registration Certificate issued by District Registrar in Partnerships
    • Trade License
    • Shop & Establishment Certificate
    • Vat Registration Certificate
    • CST Registration Certificate
    • Service Tax Registration Certificate
    • GST Registration Certificate
    • Any other document issued by Government / Government Authority identifying the entity
  • Copy of property documents before sanction

*Terms and Conditions apply