RKPF : RamKrishna Pure Finance

1.What types of properties can be mortgaged?

You can pledge residential, commercial, or industrial properties, provided you have clear ownership.

2.Who is eligible to apply for a Loan Against Property?

Self-employed professionals, and business owners with property ownership can apply.

3.How much loan amount can I get against my property?

Generally, lenders provide 60-75% of the property’s market value as a loan.

4.Can I use the loan amount for any purpose?

No, the loan can be used for business expansion, education, debt consolidation, working capital

5.What is the tenure of a Loan Against Property?

The maximum tenure is 10 years, depending on the borrower

6.What documents are required for a Loan Against Property?

KYC Documents (PAN, Aadhaar, etc.)

7.Can I get a loan against an under-construction property?

No, you can not get a Loan on Under-construction property.

8.Can I continue using the property after taking the loan?

Yes, you retain ownership and can continue to live in or use the property while the loan is active..

9.Is there any processing fee involved?

Yes, we charge a processing fee 1.25%, upfront 5,000 which will be deduced from the 1.25%

10.How long does it take to get a Loan Against Property approved?

Approval can take a few days to a week, depending on document verification and property valuation.

11.How will the loan be disbursed?

Following approval, your loan amount will be transferred digitally to your operating bank account.

12.When will repayments start?

Repayments will start the month after the loan is disbursed.

13.Can MSME Loans be repaid early?

Yes, although a pre-payment fee may be applicable.

14.What is the maximum and minimum loan amount I can avail?

Minimum loan amount is around 25 lakhs & maximum loan amount can be around 1.5 Cr.

15.What property documents do I need to submit?

Electricity Bill, Property Tax Receipts, Sale Deed, Allotment Letter, Mentation bill

FAQs