Sammaan Capital Loan Against Property

Sammaan Capital offers two types of loan against property (LAP) variants as mentioned below:

Small Ticket LAP of Rs. 5 Lakhs to Rs. 50 Lakhs

• Secured Term Loans - MSME PSL LAP loans only for SENPs (including retail and wholesale traders) and SEP.
• Maximum 12 years tenure.
• Minimum CIBIL score 675 for individual applicants and CMR up to 7 for business entities.
• Collateral in the form of residential/ commercial/ industrial property (shouldn’t have heavy machinery) or mixed-use (residential + commercial) property. 
• Loan-to-value (LTV) ratio up to 45% to 65%.
• Loan for business purposes, debt consolidation of business/ commercial loans, balance transfer of existing LAP/ commercial borrowings (where funds were used for deployment in business), and purchase of commercial built-up property for self-business use by the applicant.
• Interest rates range from 12% to 17.50% p.a.

LAP of Rs. 20 Lakhs to Rs. 10 Crores

• Secured Term Loans - MSME LAP loans only for SENPs (including retail and wholesale traders), SEP, and MSME Entity as the primary applicant.
• Maximum 12 years tenure.
• Minimum CIBIL score 675 for individual applicants and CMR up to 7 for business entities.
• Collateral in the form of residential/ commercial/ industrial property (shouldn’t have heavy machinery), mixed-use (residential + commercial) property, and residential plot (maximum loan of Rs. 5 Crores, maximum tenure up to 10 years, LTV of 50%, and interest rate of 12% p.a.).
• LTV ratio up to 50% to 65%.
• Loan for business purposes, debt consolidation of business/ commercial loans, balance transfer of existing LAP/ commercial borrowings (where funds were used for deployment in business), and purchase of commercial built-up property for self-business use by the applicant.
• Interest rates range from 9.75% to 11.35% p.a.
• 0.50% p.a. higher interest rate on surrogate eligibility.
• Processing fee of 1.25% + GST for SORP /SOCP and 1.50% + GST for others. Up to 1% processing fee approval with NBM or as per applicable scheme, if any.

Sammaan Capital Loan Against Property Interest Rates for Small Ticket LAP of Rs. 5 Lakhs to Rs. 50 Lakhs

Sammaan Capital Loan Against Property Interest Rates for LAP of Rs. 20 Lakhs to Rs. 10 Crores

The Sammaan Capital Housing Finance Limited offers some of the best features and benefits on Loan Against Property, as mentioned below:

• Flexible loan amounts ranging from Rs. 5 Lakhs to Rs. 10 Crores.
• Convenient repayment tenure of up to 12 years.
• Attractive interest rates starting from 9.75% per annum.
• Secured term loans for SENPs (including retail and wholesale traders), SEP, and MSME Entity as the primary applicant.
• Collateral accepted in the form of residential/ commercial/ industrial property (shouldn’t have heavy machinery), mixed-use (residential + commercial) property, and residential plot.
• LTV up to 65%.
• Loans available for business purposes, debt consolidation of business/ commercial loans, balance transfer of existing LAP/ commercial borrowings (where funds were used for deployment in business), and purchase of commercial built-up property for self-business use by the applicant.
• Funding for new LAP as well as balance transfer + top up available.
• Deviations available on the customer’s profile, collateral and documents.
• SENP customer loan structuring.
• Higher Loan eligibility for SENP customers through Surrogate products.
• Banking and LIP offering till Rs. 5 Crores.
• Funding for prime as well as subprime customer and property profiles.
• PAN India presence in Tier 1, 2, and 3 cities with a branch network of 200+ branches.

Below is the eligibility criteria for Loan Against Property at Samman Capital:

• Target segment: Indian resident SENPs (including retail and wholesale traders), SEP, and MSME Entity as the primary applicant.
• Age: Minimum 23 years and maximum 70 years (minimum 18 years and maximum 75 years for Small Ticket LAP of Rs. 5 Lakhs to Rs. 50 Lakhs). 
• Minimum business vintage: 3 years.
• CIBIL score: Minimum 675 for individual applicants 
• CMR: CMR up to 6 for business entity (CMR 7 may be accepted, subject to the report not indicating any overdue and defaults).
• Collateral: Residential property, commercial property, industrial property (shouldn’t have heavy machinery), mixed-use property (residential + commercial), and residential plot.
• LTV: 45% to 65%.

Following is the documents checklist required for getting the Loan Against Property at Samman Capital:

• Udyam Aadhar registration and documentation are mandatory.
• Proof of minimum business vintage of 3 years. 
• Must have filed positive (with minimum business profit of Rs. 2.5 Lakhs ) Income Tax Returns (ITR) for the last 2/3 financial years and a minimum 6-month gap in 2 ITRs.
• GST Registration, GST/ Provisional Returns for the current year to be documented if applicable.
• Last 12 months’ Bank Account Statements (showing in the Balance Sheet) of all applicants whose income is considered. 
• The Current Bank Account Statement is mandatory.

Following are the various charges levied by the company when getting a loan:

• Processing fee: Up to 1.25% on the loan amount + GST onwards.
• Login fee: Rs. 5,000 + GST for loans up to Rs. 1 Crore and Rs. 10,000 + GST for loans above Rs. 1 Crore or as per applicable scheme, if any.
• Database admin fee: Rs. 650 + applicable taxes & other bona fide levies, if any.
• Stamping charges of loan agreement: As per actual, subject to state laws.
• Stamping charges of other legal documents: As per actual, subject to state laws.
• Technical/ valuation & legal opinion, SRO search, ROC search, and non-encumbrance certificate from SRO charges: Rs. 5,000.
• Transaction handling charges in balance transfer/ resale loans: Rs. 2,000.
• Cheque/ NACH/ ECS dishonor charges and/or Cheque/NACH returned/ Non-payment of EMI: Rs. 750.
• Penal charges for payment defaults: 24% p.a. on outstanding of EMI/ Pre-EMI.
• Penal charges in case of other defaults/ event of default: 2% p.a. on the outstanding amount of loan.
• Charges for physical Statement of Account/ Amortization Schedule: Rs. 200.

Sammaan Capital Housing Finance Limited also offers the following products:

• Home Loan
• Home Loan Balance Transfer
• Home Loans for NRIs
• Home Renovation Loan
• Home Extension Loan
• Rural Home Loans

The EMI amount for a Loan Against Property from Sammaan Capital Housing Finance Limited can be computed using the Loan Against Property EMI Calculator.

You just need to click on the EMI Calculator available under the Financial Tools tab, enter the three parameters, viz., Loan Amount, Interest Rate, and Repayment Tenure, then click on the Calculate button to get the final result.

You can get in touch with the Sammaan Capital customer care through the following ways:

Call on: 1800-572-7777
Whatsapp Number: 8929899391
Email: homeloans@sammancapital.com
Address: A - 34, 2nd & 3rd Floor, Lajpat Nagar - II, New Delhi - 110024