Mortgage
Are you planning a startup/ expanding an existing business/meeting expenses like marriage, vacation, medical, etc. ? Do you have a property that can be used as collateral? If yes, then Mortgage Loans are for you! A mortgage loan is obtained by those who wish to unlock the value locked up in real estate and use the liquid funds for business or personal purposes. A mortgage loan is a loan secured by real estate, such as a flat, house, commercial or industrial property. The original title documents (Title Deed) will be deposited with the bank (to create an equitable mortgage) until the loan is fully repaid failing which, the property will be auctioned to recover the lender’s debts.
Sukoba works as a bridge between the borrowers and lenders by negotiating a competitive and logical deal against the set property to ensure the benefits of both parties. We offer the following services:
- Loan against Property (LAP): vacant or self-occupied.
- Lease Rental Discounting (properties given)
The usual process will include filling out a prescribed application form with supporting documents (including KYC). Then valuation of the property and ‘legal & technical clearance’ about the Non-encumbrance and marketability of the property.