Secured Business Loans - Summary

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.

Secured Business Loans - Why to partner with Arka-web content

Secured Business Loans
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

Secured Business Loans - Getting Ahead With Arka

Getting Ahead With Arka

Secured FAQ web content

FAQs
Q1. What's the maximum loan amount that I can avail against the property?
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Q2. For what purposes can I avail a Loan against Property?
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Q3. What's the term of the Loan against Property? Can I repay my loan before the due date?
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Q4. How and when will the loan amount be disbursed?
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Q5. What types of properties are eligible for a secured business loan?
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Q6. What documents are required to apply for a secured business loan?
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Q7. How is the value of the property determined for a secured business loan?
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Q8. What are the interest rates and fees associated with a secured business loan?
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Need a loan - Get in touch with us content

Need a loan? Get in touch with us