SME Loans


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Loan Against Property

IndoStar offers term loans against property to small and medium enterprises (SME), businessmen and professionals like Lawyers, Architects, Doctors and Chartered Accountants. The main purpose of the term loans is to finance businesses for growth capital & debt consolidation. These loans range from INR 0.3 Crore to INR 3 Crore with maximum tenor of 15 years.

We are currently present in key cities like Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Indore, Jaipur, Mumbai, Pune and Surat.

Loan Against Residential Property

Self Occupied / Rented / Vacant: This scheme provides term loans to Self Employed Non Professionals & Self Employed Professionals like Doctors, Architects & Chartered Accountants.

Loan Against Commercial Property

Self Occupied / Rented: Enables customers to meet working capital, growth capital or business expansion requirement.

Non-Residential Purchase Loan

If customer intends to purchase commercial property for self-occupation or for future rental income.

Declared Income Products
  • Vanilla Income Program: This program has been designed for self-employed segment wherein the eligibility is derived on the basis of the income declared in ITR.
  • Gross Profit Method: This is a Normal Income program wherein the eligibility is derived basis Gross Profit or 15% of Turnover whichever is lower.
  • Gross Turnover Program for Professionals: This is a Normal Income program which is targeted for professionals who are Practicing Doctors, Architects and Chartered Accountants.
Derived Income Program
  • Debt Consolidator: This program is applicable for customers who have multiple loans and wants to consolidate all/ some loans to reduce debt burden by way of lowering the EMI. This is available for auto/ PL/ BL/ Mortgage customers where they are servicing the loans which are ECS/ PDC backed loans.
  • Mortgage BT + Top Up: This program is mainly to cater to customers who have existing mortgage loan running with selected banks/ FI and wants to transfer their loan for more top up or better terms.
  • Loans for Purchase of Commercial Property (NRP- Non Residential Purchase): This program caters to customers who want to purchase commercial property with intent of self-occupation or lease out for better return. Property should be ready for possession and to be approved for commercial usage by appropriate authorities.
  • Banking Product: This is a Normal Income program which is targeted for professionals who are Practicing Doctors, Architects and Chartered Accountants.
  • Self Employed Non Professionals
  • Self Employed Professionals
  • Entities – Proprietorship firm, Partnership firm, Private Limited company’s, closely held Limited companies
  • Loan tenure up to 15 years
  • Loans ranging from INR 30 lakhs to INR 5 Crores
  • Attractive interest rates
  • Flexible repayment options
  • Simple, fast and transparent processes
  • Tailor made solutions with personalized services
  • LAP - Preferred over any type of unsecured loan in terms of lower EMI, higher Tenor and helps customer to reduce monthly outflows.
  • Loans provided against residential/ commercial property
  • Declared income offerings and derived income offerings makes product suit complete and in accordance with need of customer
Documents Required
Self employed non-professionals
  • Application Form with photograph
  • Identity Proof: PAN Card is mandatory along with residence and office address proof
  • Vintage of Business existence
  • Latest 2 years ITR along with financials, schedules and annexures
  • Audit report along with latest 6 months bank statements
  • Details of all current loans and closure proof in case loans are closed in last 3 months
  • Processing fee cheque from operating account
  • Property documents with last 13 years chain documents
Self employed Professionals
  • Application Form with photograph
  • Identity Proof: PAN Card is mandatory along with residence and office address proof
  • Vintage of Business existence
  • Copy of professional practice certificates
  • Latest 2 years ITR along with financials, schedules and annexures
  • Audit report along with latest 6 months bank statements
  • Details of all current loans and closure proof in case loans are closed in last 3 months
  • Processing fee cheque from operating account
  • Property documents with last 13 years chain documents
Benchmark Rate

We offer competitive variable Interest rates based on the Loan product/ scheme chosen and on the risk categorization of the customers. For more details about the applicable rate of interest, please submit a query or contact us at any of our branches.

Fees & Charges

Fees applicable as per Product Program. Legal Charges and Stamp Duty to be borne by customer as per State Act.

Insurances

Disclaimer: Insurance is the subject matter of solicitation

SME Grievances

One Indiabulls Center,
17th Floor, Tower 2A,
Jupiter Mills Compound,S. B Marg,
Mumbai-400013, India

Tel : 022 4315 7000

E-mail ID: sme@indostarcapital.com

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