Secured Business Loans - Arka Fincap Limited
Secured Business Loans
The excitement of starting a new venture. The thrill of extending the reach of your business to new markets. The anticipation of growing and surpassing expectations. We understand and celebrate this drive of yours to get ahead.
That's why we offer structured secured loans, where you can mortgage a residential, commercial, or industrial property, for expansion of your business like the purchase of business stock or property, working capital requirement, renovating/expanding the business premises etc. You can also enhance your cash flow through debt consolidation. With flexible loan terms and competitive interest rates, Arka's secured loans are designed to be a powerful tool in your growth journey.
Features & Benefits of Loan Against Property
• Loan amount of up to Rs. 5 crore - Address your financial needs with a substantial loan of up to Rs. 5 crores. Your loan approval will be determined based on your business’s financial health and the market value of the property you mortgage.
• Lower interest rates - The interest rates on our property-backed loans are reasonable, ranging from 11% to 14% (a variable rate of interest) annually.
• Tenure of up to 15 years - Repay your loan amount conveniently with a repayment tenure of up to 15 years.
• Multiple end-use options - The facility can be used for productive purposes in the business such as business expansion, working capital, capital equipment purchase, property purchase and balance transfer of existing loans and top up.
• Externally benchmarked interest rates - You can opt for an interest rate linked to the Arka Floating Reference Rate (AFRR). This offers a transparent interest rate process and allows you to benefit from favourable market conditions, as the AFRR is periodically reviewed
Eligibility Criteria and Documents Required
Anyone can apply for our loan against property as long as they meet the criteria mentioned below:
Eligibility criteria
• Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
• Age: Minimum age: 25 years* (18 years for non-financial property owners).
• Maximum age: 70 years* (including non-financial property owners). *Age of the individual applicant /co-applicant at the time of loan maturity.
• CIBIL Score: A CIBIL Score of 700 or higher is ideal to get a loan against property from Arka
• Occupation: Self-employed professionals like doctors, and self-employed non-professionals (traders, manufacturers, services) are eligible to apply.
Note: This is an indicative list that may change based on your actual loan application.
Documents required
• Proof of identity/residence: Aadhaar, passport, voter's ID, driving license, letter from NPR, NREGA job card
• Proof of income
• Property-related documents
• Proof of business (for self-employed applicants) and Bank account statements for the last 12 months
Apply with Ease
At Arka Fincap, we aim to make the loan process as streamlined as possible. Take advantage of our user-friendly online platform to secure financial solutions to support your business requirements. For further details, communicate with our client support team.
That's why we offer structured secured loans, where you can mortgage a residential, commercial, or industrial property, for expansion of your business like the purchase of business stock or property, working capital requirement, renovating/expanding the business premises etc. You can also enhance your cash flow through debt consolidation. With flexible loan terms and competitive interest rates, Arka's secured loans are designed to be a powerful tool in your growth journey.
Features & Benefits of Loan Against Property
• Loan amount of up to Rs. 5 crore - Address your financial needs with a substantial loan of up to Rs. 5 crores. Your loan approval will be determined based on your business’s financial health and the market value of the property you mortgage.
• Lower interest rates - The interest rates on our property-backed loans are reasonable, ranging from 11% to 14% (a variable rate of interest) annually.
• Tenure of up to 15 years - Repay your loan amount conveniently with a repayment tenure of up to 15 years.
• Multiple end-use options - The facility can be used for productive purposes in the business such as business expansion, working capital, capital equipment purchase, property purchase and balance transfer of existing loans and top up.
• Externally benchmarked interest rates - You can opt for an interest rate linked to the Arka Floating Reference Rate (AFRR). This offers a transparent interest rate process and allows you to benefit from favourable market conditions, as the AFRR is periodically reviewed
Eligibility Criteria and Documents Required
Anyone can apply for our loan against property as long as they meet the criteria mentioned below:
Eligibility criteria
• Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
• Age: Minimum age: 25 years* (18 years for non-financial property owners).
• Maximum age: 70 years* (including non-financial property owners). *Age of the individual applicant /co-applicant at the time of loan maturity.
• CIBIL Score: A CIBIL Score of 700 or higher is ideal to get a loan against property from Arka
• Occupation: Self-employed professionals like doctors, and self-employed non-professionals (traders, manufacturers, services) are eligible to apply.
Note: This is an indicative list that may change based on your actual loan application.
Documents required
• Proof of identity/residence: Aadhaar, passport, voter's ID, driving license, letter from NPR, NREGA job card
• Proof of income
• Property-related documents
• Proof of business (for self-employed applicants) and Bank account statements for the last 12 months
Apply with Ease
At Arka Fincap, we aim to make the loan process as streamlined as possible. Take advantage of our user-friendly online platform to secure financial solutions to support your business requirements. For further details, communicate with our client support team.
Why should you partner with Arka to get ahead?
• Competitive interest rates
• Quicker turnaround time for loan disbursal
• Serve all sizes of businesses, be it micro, small, medium or large, irrespective of the diverse set of properties, cash flow methods and industries
• For customers who maintain timely loan repayments and good banking protocols, get the industry best loan eligibility
• Exclusive offers for manufacturers pledging industrial properties
• Existing customers are pre-qualified for top up loans within 1 year
• Customer portal for easy support
• Post 1st year of disbursement, part payment facility offered every year at no cost
• Exclusive offers for manufacturers mortgaging industrial properties
• Quicker turnaround time for loan disbursal
• Serve all sizes of businesses, be it micro, small, medium or large, irrespective of the diverse set of properties, cash flow methods and industries
• For customers who maintain timely loan repayments and good banking protocols, get the industry best loan eligibility
• Exclusive offers for manufacturers pledging industrial properties
• Existing customers are pre-qualified for top up loans within 1 year
• Customer portal for easy support
• Post 1st year of disbursement, part payment facility offered every year at no cost
• Exclusive offers for manufacturers mortgaging industrial properties
Getting Ahead With Arka
I am delighted to be associated with ARKA FINCAP LIMITED. The process for obtaining a Loan Against Property (LAP) was exceptionally transparent, thanks to the local head, Mr.Mahesh. Arka comprehended my exact needs and presented various options for supporting my financial requirements. They provided seamless assistance at every stage of the documentation process. This experience has brought me immense satisfaction, and I've successfully utilized the funds for business growth. I wholeheartedly recommend ARKA FINCAP LIMITED to anyone in need, particularly those interested in advancing within the banking industry. They possess a thorough understanding and extend support beyond expectations.
Vittal
Austrak Private Limited
Hyderabad
Hyderabad
My experience with Arka Fincap has been amazing! The Kirloskar group has been in manufacturing for years, so they really understand what entrepreneurs need. I'm thrilled that they're also in finance now. The local branch manager was super helpful, enthusiastic, and quick in getting things done without wasting time. I'm really happy with their service and wish the Arka Fincap team all the best!
Suyog Deshpande
Micro Form Tools
Aurangabad
Aurangabad
I approached Arka Fincap to fund my working capital requirement and loved overall disbursement process. Arka Fincap has helped me to complete my dream projects and I experienced exponential growth in my business. My association with Arka Fincap is more than a year old and I have become a brand ambassador of Arka Fincap. I always promote the brand Arka Fincap powered by Kirloskar to all my friends and business stakeholders.
Journey with Arka Fincap has just started, we are together on this journey and both expect to achieve all our dreams together.
Aziz Pahat
Bangalore Education Guideline
Bengaluru
Bengaluru
I am Manoj Singh. I’m a CA by profession. Recently I have availed a loan from Arka Fincap.I am really impressed the way Arka team has made the journey from loan application to disbursement of loan so easy and customer friendly.
They had a professional team who handled the case in the right manner and answered all my queries. That is not all, I got the best interest rates prevailing in the market.
Manoj Singh
Gurugram
Q1. What's the maximum loan amount that I can avail against the property?
Q2. For what purposes can I avail a Loan against Property?
Q3. What's the term of the Loan against Property? Can I repay my loan before the due date?
Q4. How and when will the loan amount be disbursed?
Q5. What types of properties are eligible for a secured business loan?
Q6. What documents are required to apply for a secured business loan?
Q7. How is the value of the property determined for a secured business loan?
Q8. What are the interest rates and fees associated with a secured business loan?
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