Housing Finance & Real Estate Loan

Housing Finance & Real Estate Loan

Loan available under this scheme is for

  • Building commercial complex, residential houses, factories, warehouse.
  • Purchasing land, houses, bunglow and flat.
  • Repairing, furnishing, landscaping etc.

Loan Amount
Minimum of Rs. 100,000.00 to maximum of Rs. 5,75,00,000.00.

Any period between 12 to 60 months

Interest Rate
12% - 14.50% per annum

As per company rules

Processing Fee
One time service charge (non-refundable) 1% on the loan amount.

Mode of Re-payment
Monthly and quarterly installments.

Documentation Required

  • Authorized letter of construction from nagar palika.
  • Engineer certified design of the proposed construction.
  • Certified copy of place of business, employment / resident.
  • Recent passport size photograph.
  • Citizenship
  • Certificate copies of source of income.
  • If employed, salary certificates from the employer stating the employment record and tenure of service.
  • Companies, Memorandum and article of association, at least two years of audited balance sheet and P/L accounts. Income tax documents.
  • Board resolution authorizing an executive to deal on behalf of the company.
  • Necessary security documents e.g. lalpurja, tiro raceed, napi naksa, char killa pramanit chhithi etc.
  • Necessary documents requested by LAFIN