Commercial Property Purchase Loan

Commercial Property Purchase Loan Overview

To achieve complete self-reliance, a flourishing business needs the right room to grow. Even if you find the property that fits your vision arranging for its finances may not be easy. At Creative Finserve Pvt Ltd  we understand your requirements when it comes to business expansion opportunities or the possibilities of a new business idea. And that's why our Commercial Property Purchase Loan make sure that you don't have to compromise on your choice of property and get complete freedom to run your venture the way you want.

A  Commercial Property Purchase Loan is a loan that uses commercial property as collateral. A  Commercial Property Purchase Loan is a business loan which is secured against a commercial property.  Commercial Property Purchase Loan are often used to buy business premises, such as offices, shops, restaurants.

While residential mortgages are typically made to individual borrowers,  Commercial Property Purchase Loan is often made to business entities (e.g., corporations, developers, partnerships, funds and trusts). These entities are often formed for the specific purpose of owning commercial real estate.

A  Commercial Property Purchase Loan is a loan for a property that is used for business purposes. It's probably the best way to finance the purchase of Office for business because it provides a flexible and affordable solution that gives you access to capital. A  Commercial Property Purchase Loan can be used to buy most types of commercial buildings, such as shops and offices, for both new and existing businesses.

Interest rates on  Commercial Property Purchase Loan are generally higher than on residential loans. Unlike residential loans, the terms of commercial loans are smaller. In Commercial Property Purchase Loan LTV (Loan to value) is normally up to 50% subject to income eligibility.

When evaluating  Commercial Property Purchase Loan, lenders consider the loan's collateral; the creditworthiness of the entity (owners), including three  years of financial statements and income tax returns; and financial ratios, such as the loan-to-value ratio and the debt-service coverage ratio.

Commercial Property Purchase Loan Features and Benefits

• Commercial Purchase loans can be availed by Salaried, Self Employed Professionals and Self Employed Non-Professionals
• Purpose - Purchase of commercial property
• Min and Max Loan Size - Avail loan from `15 Lacs up to 10 crore.
• Tenure - Loan tenure of up to 15 years.
• Avail Maximum Loan Amount.
• Door Step Service.
• Realize your dreams faster.
• Easy Documentation.
• Attractive Balance Transfer Options available.
• Easy Repayment Option by EMIs to suit your needs.

Commercial Property Purchase Loan Process

There are several steps in the  Commercial Property Purchase Loan. Here are the steps in brief:

• Application form & Document Submission
• Cibil report check
• Residence verification
• Office 
• Eligibility calculation
• Technical & Valuation 
• Personal Discussion 
• Credit decision
• Offer Letter
• Submission of Property documents & legal check
• Registration of property documents
• Signing of agreements and submitting post-dated cheque
• Disbursement

Commercial Property Purchase Loan Eligibility

SELF EMPLOYED INDIVIDUAL

• An Indian Resident
• You should be in business for a minimum of 3 years.
• You should be self employed Minimum 24 to maximum 65 years of age.
• Your current place of residence should be occupied for a minimum of 3 years in the city.

SELF EMPLOYED PROFESSIONAL

• An Indian Resident
• You should be in business for a minimum of 3 years.
• You should be self employed Minimum 24 to maximum 65 years of age.
• Your current place of residence should be occupied for a minimum of 3 years in the city.

SALARIED

• You should have 3 years work Experience.
• Your Minimum age should be 24
• Your maximum age should be 58/60 at the time of closer of the loan.

Dropline Overdraft

Dropline Overdraft

Having an overdraft feature on your bank account gives numerous benefits. Drop Line Overdraft account protection is a customized feature which lets you spend beyond what is in your account. If you are qualified, your financial institution can give you overdraft protection although it usually comes with a fee. It is not uncommon to be charged a fee as well as a percentage rate on the amount of money that you use in your overdraft. Drop Line Overdraft protection can be extremely useful in the event that you do not have enough money in your account for a pre-authorized bill. If you are protected by overdraft you will not get charged a non sufficient funds fee which accompanies a payment in the event that it is declined by your financial institution. It can also be a great back up for unexpected expenses. If you need to dig into your overdraft account in an emergency situation overdraft provides peace of mind that it is there for you to do so.

Drop Line Overdraft is a facility granted to you whereby you can overdraw your current account up to an agreed limit. Drop Line Overdraft is an efficient form of borrowing as you pay interest only for the time you use the money. It gives you flexibility. You can at any time deposit money into the account to reduce the outstanding balance or can draw out money whenever you need it as long as you do not exceed the limit. Interest is calculated daily on the fluctuating outstanding balance and is normally charged at the end of each month.  Drop Line utilized determines the interest that will be payable by the customer. Drop Line Overdraft is a flexible product offering that allows you   facility against residential or commercial property. This product is useful for professionals, Sole Proprietors, Proprietorship Firms, Partnership Firms or a Private Limited Company.

Drop Line Overdraft Facility do not have a yearly renewal charge but it has onetime processing fees. Drop Line Overdraft are only offered to self employed persons or companies. Drop Line Overdraft Facility is best for Manufactures, traders & retailers where booking capital requirement is needed for day to day transactions Drop Line Overdraft Facility don't require a charge to be made on your stocks book debts, it also not requires any quarterly or half yearly audits of the stock.

Dropline Overdraft Features and Benefits

• Drop-line Overdraft limit of up to Rs. 10 Crores
• Both residential and commercial property accepted as collateral
• Interest charged only on the amount utilized
• Minimal documentation and faster approvals
• Attractive interest rates
• Excellent debt consolidation tool

Dropline Overdraft Process

There are several steps in the Dropline Overdraft process. Here are the steps in brief:

• Application form & Document Submission
• Cibil report check
• Residence verfication
• Office
• Eligibility calculation
• Technical & Valuation
• Personal Discussion
• Credit decision
• Offer Letter
• Submission of Property documents & legal check
• Registration of property documents
• Signing of agreements and submitting post-dated cheque
• Disbursement

Dropline Overdraft Eligibility

• An Indian Resident
• Minimum age of applicant: 24 years
• Maximum age of applicant at loan maturity 65 years
• Minimum turnover of Rs 1 Crore financial should be audited.
• Years in business: Minimum of 3 years in current business and 5 years total business experience.

Debt consolidation

Debt consolidation Overview

Debt consolidation is combining of several unsecured debts into a single, new loan that is more favorable. Debt consolidation involves taking out a new loan to pay off a number of other debts like Credit Card dues, unsecured personal loan, private finance from individuals, unsecured business loan, car refinance and other high interest loan. The new loan may result in a lower interest rate, lower monthly payment and higher repayment tenure or all. You may be able to take out a debt consolidation by opting for home equity loan or other loans as suggested by CFPL Advisor

Debt consolidation Process

There are several steps in the Debt consolidation process. Here are the steps in brief:

•  Application form & Document submission
•  Cibil report check
•  Residence verification
•  Office
•  Eligibility calculation
•  Technical & Valuation
•  Personal Discussion
•  Credit decision
•  Offer Letter
•  Submission of Property documents & legal check
•  Registration of property documents
•  Signing of agreements and submitting post-dated cheques
•  Disbursement

Debt consolidation Features and Benefits

•  Much favourable loan.
•  Credit counsellors can cut your monthly payments in half
•  Offer lower interest rates than other
•  Debt settlement is the cheapest way to go
•  You need a formal program to get out of debt
•  Debt consolidation always saves you money
•  Debt consolidation helps your credit rating
•  It will avoid Bankruptcy

Debt Consolidation Eligibility

SELF EMPLOYED INDIVIDUAL

•  An Indian Resident
•  You should be in business for a minimum of 3 years.
•  You should be self employed Minimum 24 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.
•  You should have residence or office owned

SELF EMPLOYED PROFESSIONAL

•  An Indian Resident
•  You should be in business for a minimum of 3 years.
•  You should be self employed Minimum 24 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.
•  You should have residence or office owned

Salaried

•  You should be in business for a minimum of 3 years.
•  You should be employed Minimum 21 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.
•  You should have residence or office owned

Smart Home Loan

Smart Home Loan Overview

Banks offers you the unique Smart Credit loan, where you decide what interest you pay. Smart Credit power packs your loan with transactional features that not only allow you to save on interest, but also help you repay your loan much faster. So, now you can make your every rupee work as hard as you do. In Smart Credit account deposit your excess savings rather than keeping it idle. In Smart Credit you will have the flexibility to withdraw the surplus money deposited in Smart Credit account. Deposit your excess funds in Smart Credit and save the interest on your Loan. In Smart Credit interest is calculated on daily outstanding balance. In Smart Credit you can use this account like current account.

To avail this product, you have to link a current or a savings account to your home loan at the same bank. You can deposit any surplus funds in this linked account. Whenever you deposit a surplus amount in the account, the bank considers this amount and deducts it from the principal of your home loan while calculating the interest on the outstanding home loan.

Smart home loan helps borrowers in two ways. First, it reduces your interest outgo resulting in reduced EMI. In Smart Home Loanyour interest liability is lower and principal amount outgo is higher. In broader outlook customers not only save the tenure but also saves on interest.

While smart home loan saves money, borrowers must evaluate the complete picture of the cost associated with it.

Smart Home Loan Features and Benefits

•  Our expertise to get u the right Banks / Institute to fulfill your requirement.
•  Loan repayment in flexible tenures from 1 year up to 30 years.
•  Lowest Rate of interest compare to any other loan.
•  Part Payment Facility without penalty.
•  Balance transfer facility.
•  Home Loan Top Up Facility.
•  Nil prepayment charges.
•  Applicant and Co- Applicant to the loan.
•  Tax Benefits : The effective rate of housing loans is much lower than the nominal rates quoted by the banks/housing finance companies because of the tax benefits.
•  Minimum/Hassle free Documentation.
•  Convenience of doorstep service.

Smart Home Loan Process

There are several steps in the Smart Home Loan process. Here are the steps in brief:

•  Application form & Document Submission
•  Cibil report check
•  Residence verfication
•  Office
•  Eligibility calculation
•  Technical & Valuation
•  Personal Discussion
•  Credit decision
•  Offer Letter
•  Submission of Property documents & legal check
•  Registration of property documents
•  Signing of agreements and submitting post-dated cheque
•  Disbursement

Smart Home Loan Eligibility

SELF EMPLOYED INDIVIDUAL

•  An Indian Resident
•  You should be in business for a minimum of 3 years.
•  You should be self employed Minimum 24 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.

SELF EMPLOYED PROFESSIONAL

•  An Indian Resident
•  You should be in business for a minimum of 3 years.
•  You should be self employed Minimum 24 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.

Salaried

•  You should have 3 years work Experience.
•  Your Minimum age should be 24
•  Your maximum age should be 58/60 at the time of closer of the loan.
•  You should have Minimum Rs 20000/- Net Salary

Construction Finance

Construction Finance Overview

Real Estate is India's rapidly developing business segment and multiple financial institutions including banking and non banking are offering Loans for New Construction i.e., Construction finance under project finance / loan.

Loan sanctioned to construct or develop a new real estate project including both residential as well as commercial is known as Construction Loan under Project finance department. An individual or a firm or company engaged in the business of real estate development or construction (Builder) can avail this Construction finance under Project finance / loan department.

Project finance / Construction finance is the long term financing of infrastructure based upon the projected cash flows of the project rather than the balance sheets of the project sponsors. This Construction loans / finance are most commonly non-recourse loans, which are secured by the project assets and paid entirely from project cash flow. This Construction finance is typically secured by all of the project assets, including the revenue-producing contracts. Project finance lenders are given a lien on all of these assets, and are able to assume control of a project if the project company has difficulties complying with the loan terms.

CFPL are specialized in Arrangement of Project Finance to Builders & Developers through banks and financial institution which CFPL has developed through trust and experience over decades.

Customizing our services to your unique requirements, we will develop and execute a financing that will maximize the economic value of your project. Project Finance is the long term finance based upon the projected cash flow of the project.

CFPL offers customize service to customers according to their requirements based upon their projects and experience.

Construction finance features & benefits

• No private Investor Required
• Better rate of Interest
• Financial Support
• No Extra collateral required

Construction finance process

1. Project Report.

2. Company Profile.

3. Valuation & legal Report.

4. Evaluation Report on Format.

5. Past & future Projection.

6. Credit history of the client.

7. Documentation.

8. Personal Discussion with the client.

Construction Finance Eligibility

To qualify for a Construction finance, most of the lending institutions in India require you to be:

• An Indian resident.
• Above 21 years of age at the commencement of the loan.
• Age Below 65 when the loan matures.
• Seasonal Builder with minimum 3 project or 1 lac sq ft.

Construction Finance Documents

Construction finance Documents can be classified in two Parts

Property Documents -

1. Project Report

2. Evaluation Report on format

3. Legal & Technical verification

4. Company profile

5. Past & future Projects 

6. Property Related Documents

Financial Documents-

1. 3 yrs Financial of the firm(complete set)

2. 3 yrs individual financial paper(Director/Partner/ Proprietor)

3. One year bank statement of the Firm

4. One year bank statement of Director/partner/ Proprietor

5. All loan sanction letters

6. KYC of the firm(Gumastha Licensce/Registration certificate)

7. KYC of the Partners/Directors/Proprietor

8. Directors Report if PVT LTD

9. Auditors Report if PVT LTD

10. MOA/AOA

11. Share Holding Pattern on company letter head 

12. Annual return with ROC copy

13. Photographs

14. Processing fee cheque

Contact Info :

Office No 35, Ground Floor,

Shiv Shambhu Chs (Seawoods), L.T. Road.

Borivali (West), Mumbai - 400092.

Telephone: 022 - 65662010 / 022 - 69000012 / 022 - 69000033
E-mail: info@cfplindia.com / cfpl@live.in

Car Refinance

Car Refinance Overview

Car Refinance Loan is a secured loan like Mortgage Loan. In Car Refinance the Bank's and NBFC mark a lien on your paper and still the customer can use his car as usual. Interest rates in Car Refinance are similar to personal loan, but in Car Refinance the documents are less. Even if you car is not on Loan you can avail Car Refinance. You only need to give few details about your car such as model, year of manufacture etc. If your car is already financed you need not worry your lien will be transferred from present lender to new lender. Car Refinance is the easiest and simplest way to get funds. Like Personal Loan in Car Refinance the end use of the funds is not monitored.

There is a difference between the traditional car loan and a Car Refinance loan. The former is purchase of a car while Car Refinance is used to solve your money requirement by pledging a car you already own.

If you are looking for urgent expenses to be met like marriage, for education or medical expenses. Car Refinance is the best option. In Car Refinance the most important document is the R.C book copy and insurance copy. However financial documents also needs to be submitted. The Car Refinance loan is essentially a secured loan like a home Mortgage Loan. However in Car Refinance the process is much simpler and much faster. The Car Refinance loans allow you to take a loan on your existing car, by pledging the car registration papers with bank's and NBFC.

So, if you have a requirement for money and you own a car, then Car Refinance is a viable option when compared to the personal loan. Creative Finserve will help you to give the best deal possible in Car Refinance with help of our professionals.

Car Refinance Features and Benefits

•  Our expertise to get y the right Banks / Institute to fulfil your requirement.
•  Loan repayment in flexible tenures from 12 months up to 60 months.
•  Emergency Funds.
•  Speedy approvals upto the valuation of the car.
•  Balance transfer of car loan to get additional loan amount to fulfil your requirement.
•  No specification about the end purpose of the loan amount.
•  Minimum/Hassle free Documentation.
•  Convenience of doorstep service.

Car Refinance Process

There are several steps in the Car Refinance process. Here are the steps in brief:

•  Application form & Document submission
•  Cibil report check
•  Residence verfication
•  Office
•  Eligibility calculation
•  Valuation
•  Personal Discussion
•  Credit decision
•  Offer Letter
•  Signing of agreements and submitting post-dated cheques
•  Lean mark on RC book
•  Disbursement

Car Refinance Eligibility

SELF EMPLOYED PROFESSIONAL / INDIVIDUAL

• An Indian Resident
• You should be in business for a minimum of 3 years.
• You should be self employed Minimum 24 to maximum 65 years of age.
• Your current place of residence should be occupied for a minimum of 3 years in the city.
• You should have residence or office owned
• Your car should not be more than 10 years old

PARTNERSHIP FIRM / PRIVATE LIMITED COMPANY

• An Indian Resident
•  You should be in business for a minimum of 3 years.
•  You should be self employed Minimum 24 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.
•  You should have residence or office owned
•  Your car should not be more than 10years old

Salaried

• You should 3 years work Experience.
• You min age should be 24
• Your maximum age should be 58/60 at the time of closer of the loan.
• You should have Minimum Rs 20000/- Net Salary
• You should have Own residence
• Your car should not be more than 10 years old

Contact Info :

Office No 35, Ground Floor,

Shiv Shambhu Chs (Seawoods), L.T. Road.

Borivali (West), Mumbai - 400092.

Telephone: 022 - 65662010 / 022 - 69000012 / 022 - 69000033

E-mail: info@cfplindia.com / cfpl@live.in

Balance Transfer of Professional Loan

Balance transfer of Professional Loan Overview

Balance Transfer is an option where you can transfer your existing Loan to new lender. The process in which the customer transfers his existing Professional Loan to new Lender is called as Balance Transfer of Professional Loan. Generally customers tend to shift from the present Lender to new Lender on the basis of the Lower interest rate offered by the new lender. Lower interest rate means you will have to pay less interest rate on your existing Loan. Normally Banks offers top up amount (additional amount) while doing Balance Transfer of Professional Loan. Top up amount is an option where the customer can avail extra amount for his personal use. The end use of the amount is not monitored by the bank so the customers can use this amount for his personal use. Balance Transfer of Professional Loan with Top Up is a good option for the customers as the customer can transfer his existing Professional Loan for better rate of interest and can avail extra amount for his personal use.

Balance Transfer of Professional Loan with Top up

Professional Loan is a loan provided to Professional like CA's, Doctors, CS to meet your financial needs and is also referred as an unsecured Loan as there is no security against it Borrowers generally must have high credit ratings to be approved for a Professional Loan. It is usually taken by borrowers who are looking for quick and easy loans with manageable interest rate and minimum documentation. You can use a Professional Loan as per your convenience without being monitored for the actual end usage. The borrower promises to repay Professional Loan without offering an asset such as a home or car to serve as collateral in the event the loan is not repaid. To be approved for an unsecured Professional Loan, a borrower must have a good credit history.

Balance transfer of Professional Loan Features and Benefits

•  Our expertise to get u the right Banks / Institute to fulfill your requirement.
•  Loan repayment in flexible tenures from 12 months up to 60 months.
•  No collateral/ guarantor / security required.
•  Speedy approvals
•  Attractive Rate of Interest
•  Special Interest Rate for professional Doctors/ CA & Architect.
•  Minimum/Hassle free Documentation.
•  Funds available for business expansion, working capital, child's education or home renovation.
•  Convenience of doorstep service.

Balance transfer of Professional Loan Process

There are several steps in the Balance Transfer of Professional Loan process. Here are the steps in brief:

•  Application form & Document submission
•  Cibil report check
•  Residence verfication
•  Office verfication
•  Eligibility calculation
•  Personal Discussion
•  Credit decision
•  Signing of agreements and submitting post-dated cheques
•  Disbursement

Balance transfer of Professional Loan Eligibility

SELF EMPLOYED INDIVIDUAL

•  An Indian Resident
•  You should be in business for a minimum of 3 years.
•  You should be self employed Minimum 24 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.
•  You should have residence or office owned

SELF EMPLOYED Professional

•  An Indian Resident
•  You should be in business for a minimum of 3 years.
•  You should be self employed Minimum 24 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.
•  You should have residence or office owned

Salaried

•  You should be in business for a minimum of 3 years.
•  You should be employed Minimum 21 to maximum 65 years of age.
•  Your current place of residence should be occupied for a minimum of 3 years in the city.
•  You should have residence or office owned

Contact Info :

Office No 35, Ground Floor,

Shiv Shambhu Chs (Seawoods), L.T. Road.

Borivali (West), Mumbai - 400092.

Telephone: 022 - 65662010 / 022 - 69000012 / 022 - 69000033

E-mail: info@cfplindia.com / cfpl@live.in