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Customers can use their residential property to meet their long / short term funding requirements |
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This financing option is a key source of unlocking the hidden value of the property |
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Under this program apart from normal product on the basis of income, few others products are tailor made as per customer’s requirement
They are broadly classified into. |
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| Debt Consolidation: |
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Customer has the option of closing other loans (personal loan, auto loan etc) in which scenario the same will be removed from obligations while calculating eligibility |
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No financials are required for assessment |
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Eligibility calculations basis good repayment track records |
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| USP - Single Emi with lower rate of interest and higher tenor |
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| Gross Turnover and Gross Receipt Program: |
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Gross turnover program suitable for firms with high turnover but not very healthy bottom lines |
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Suitable for Doctors and Chartered Accountants |
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Eligibility calculated by applying pre-defined multipliers to gross turnover or gross receipts |
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| Liquid Income Product: |
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Suitable for customers with low declared financials but good cash flows |
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This program is based on a CA assessment of the customer’s financials, so the customer needs to be sensitized to the fact that assessment would be done for checking credit worthiness only |
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| Mortgage Takeover Program: |
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Financial assessment of the customer is not required |
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The loan is given only on the basis of existing repayment track record |
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| The other USP of the product depends on the profile of the customer are as follows: |
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Loan amount – upto 10 crore |
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Age - maximum 70 years |
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LVR – 65% |
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Maximum tenor – 15 years |
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