Majority of
the loans are financed against a property as a collateral. But with Shubhbank
you can still get a corporate loan if you do not own a property. We are
comfortable in lending against residential or commercial property rather than any plot avoiding the
issues of encroachment of such plots. Both the banks and NBFC provide corporate
loan against property. The rate of interest charged by our bank is relatively
lower than those charged by other banks. This loan is generally provided for
the purpose of working capital needs of any business. The immovable property
provided as collateral is secured for the loan taken for the purpose of capital expenditures like purchase of
plant and its machinery or construction of the building. They are secured by
equitable mortgage of the property where the loan seeker deposits the original
documents to the lender without much documentation. The Corporate Loan is boon
to finance your business based upon the goal and scope of your requirements and
customer satisfaction. The loan amount is decided on the eligibility of
customer by evaluating you ability to service the loan taken so the value of
property is not only relevant, you will also be constrained by your income.
While granting you a loan, you have to provide certain documents so as to
comply with banks norms. As the loan is offered to both salaried and non-salaried.
You should bring ID Proof, residence proof, latest ITR, bank statement of last
6 months PAN card. In case of salaried employee, its sufficient to bring form
no.16. Besides providing foundation to your industrial base, We also lead to
the development of entrepreneurial and diversification of corporate sector. We
generally customize a loan with competitive interest rates long tenure and easy
repayment options offering handsome benefits to our customers. Our skilled
professionals will support you to grow your enterprises and make easy to
understand the loan process, providing their service at our branch, over the
phone or at your doorstep. The loan will help you to get rid of your financial
crisis and to sustain the business operations.
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