Secured Business Loans by Arka - Property-Backed Financing - ARKA Fincap Limited
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.
• 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
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.
Hyderabad
Aurangabad
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.
Bengaluru
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.
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