Title first
Title is examined properly before anything is sanctioned. This is where most property lending goes wrong, and we would rather lose a week than lose the security. If the chain of title has a gap, we will tell you — sometimes that is more useful to a borrower than the loan.
We build, so we read projects differently
Because we operate a construction business ourselves, we assess a part-built project with rather more scepticism than a purely financial lender. We have met our own delays and our own cost overruns, and we price a developer's projection accordingly.
Structures
Straight loan against property for business or personal need, project funding released against construction milestones, or a bridge facility where a bank sanction is coming but the timing does not work.
Who can apply
- Clear and marketable title in the borrower's name
- Property free of prior encumbrance, or the prior charge being cleared from proceeds
- Demonstrable repayment capacity
- Property within our operating geography
What to bring
- Title deeds and the chain of prior documents
- Encumbrance certificate
- Approved plan and, where applicable, completion certificate
- Latest property tax receipt
- KYC of all owners
- Income proof and bank statements
- Financials, where the borrower is a business
Common questions
How long does a property loan take?
Longer than a gold loan and shorter than a bank. Title examination is the step that governs, and it takes as long as the documents require. We will give you a realistic date at the outset rather than an optimistic one.
Will you lend against agricultural land?
[Specify your policy. Many lenders exclude it — say so plainly if you do.]
Can the property be tenanted?
Usually yes, and rental income may support the assessment. The lease terms matter, so bring the agreement.
Rates, charges and eligibility are indicative and subject to our credit assessment. The figures that bind us are those in your sanction letter. See our Interest Rate Policy and Fair Practices Code.