Unlock potential of your property by monetizing through our Loan Against Property (LAP) product. Team Infinity is equipped with this lucrative, state-of-the-art product and process that instantly meets all your requirements such as business wants, debt consolidation, unplanned expenditures like healthcare, education, marriage etc.
Features & Benefits:
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Rate of Interest:
14% onwards
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Loan Amount:
From 1 Lakh to 500 Lakh, up to 65% of the property value
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Eligibility Factor:
Considering liquid Income
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EMI and Tenure
upto 10 years
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Fulfill Your Every Need
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Transparent Processing
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Quick & Efficient Servicing
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Benefits for the Self Employed
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Easy Debt Consolidation
Charge Schedule
| Types of Fees | Applicable Charges |
| Processing Fees | As per sanction letter |
| Login fee | Nonrefundable |
| Cheque / ECS Bounce charges | Rs 1000/- plus applicable taxes per dishonor cheque/ECS |
| Cersai Charges | Rs 500 plus applicable taxes |
| For Providing additional copies of property papers (Title document) | Rs 1500/- plus applicable taxes |
| Statement of Accounts | Rs 750/- plus applicable taxes |
| Pre-payment charges | NIL for Individual floating ROI cases. Pre-payment/FC charges will be 4% plus applicable taxes if non individual are applicant/co applicant or guarantor to loan in floating ROI Cases. In all fixed ROI cases Prepayment/FC charges will be 4% plus Applicable taxes |
| Penal Charges (for any default or delay in payments) |
2% per month on the delayed amount for the delayed period only |
| Cheque swapping charges (ECS Charge charges) | Rs 500/- plus applicable taxes |
| LOD Charges | Rs 500 plus applicable taxes |
| Part Prepayment charges | Upto 12 months not allowed, post 12 months upto 25% of POS NIL, beyond 25% of POS as per payment charges |
| Loan cancellation charges | If customer cancel the loan within 15 days, then cancellation charges will be Rs 10000/- plus applicable taxes; If customer cancels the loan after 15 days, then cancellation charges is 1% of loan amount plus applicable taxes whichever is higher |
Various types of property loan from Infinity Fincorp are:
- Loan against Home / Flat: Residential properties can be used as security to get LAP.
- Loan against Commercial Property: Property where one carries out his / her business can be put under collateral to avail the facility of LAP.
- Loan for Commercial Property Purchase: For commercial property purchase, LAP can be taken.
- Funding against rentals from commercial property: If a commercial property is rented out, the LAP can be taken against that rented income also.
- Balance Transfer: Balance outstanding from other lenders can be brought in to gain advantage of low rate of interest.
- Top-up loans: Existing loans can be further enhanced as well.
Documents Required - LAP :
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Application Form with Photographs duly signed
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KYC Documents:
Identity Proof- Passport, Voter's ID, Driving License
Residence Proof- Telephone Bill, Election Card, Any Certificate from Statutory Authority.
Age Proof- PAN Card, Any other Certificate from Statutory Authority.
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Income Documents:
Form 16/ Income Tax Returns for 3 years
Salary Slip for the last 3 months or Salary Certificate
Company Profile and borrowers profile within the company.
Copy of all pass books/ bank statements of the past 6 months including front page.
If any other loan already exists with the applicant: loan NOC & track of the loan to be provided.
Processing Fee Cheque In favour of 'Infinity Fincorp Solutions Pvt. Ltd.'.
Highest Educational Qualification proof / diploma proof
Photocopy of Title Documents of Property, Approved Plan, Builder Details, NOC from society in case of resale property, vendors chain of documents, Copy of NA
Letter from employer, stating your designation & how long you are serving in that organization
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Application Form with Photographs duly signed
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KYC Documents:
Identity Proof- Passport, Voter's ID, Driving License
Residence Proof- Telephone Bill, Election Card, Any Certificate from Statutory Authority.
Age Proof- PAN Card, Any other Certificate from Statutory Authority.
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Income Documents:
Form 16/ Income Tax Returns
Last 3 years Income Tax Returns with computation of Income.
Copy of Professional Practice Certificate.
Copy of all pass books/ bank statements of the past 12 months including front page and Last 3 years CA Certified/ Audited Balance Sheet and P&L Account.
If any other loan already exists with the applicant: loan NOC & track of the loan to be provided.
Processing Fee Cheque in favour of 'Infinity Fincorp Solutions Pvt. Ltd.'.
Educational Qualification Certificate and proof of business existence
Photocopy of Title Documents of Property, Approved Plan and Builder Details, NOC from society in case of resale property, vendors chain of documents, Copy of NA
Copy of Shop & Establishment License / VAT Registration and any other mandatory license / registration
