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
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Loan for purchase of a ready built commercial property |
Loan Against Commercial Property
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Loan to meet customer requirements against the security of a built-up commercial property |
Loan Against Residential Property
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Loan to meet customer requirements against the security of a built-up residential property |
Loan Against Industrial Property
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Loan to meet customer requirements against the security of a built-up industrial property |
Balance Transfer Loan
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Transfer of a Non-Home Loan from an approved institution |
Balance Transfer + Top Up Loan
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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
ART's Loan against property interest rates
Non-Home Loan Interest rate varies as per the terms & conditions for salaried, non-salaried, and self-employed profiles. Contact us for detailed information.
Loan against property EMI Calculator
Use Online EMI calculator to plan your loan tenure and repayment. Click here to know more!
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
