Business Consulting

Loan Purpose

  • Business
  • personal

Features

  • Easy 10-years repayment option available
  • Loan amount between Rs 5,00,000 – Rs 15,00,000.
  • Loan Approval within 7 days
  • Easy monthly repayment schedule
  • Our loans are also available to households that do not have any income proof
  • We provide direct-to-home service in local language
  • Assistance on phone available at local call rates in Hindi and English
  • Our loans are available at a fixed rates. That means that the EMIs don’t vary with The volatility in the market or a change in the interest rates

Loan Against Property

Loan Tenure – Loan Against Property10 years or 120 months
Loan Amount – Loan Against PropertyMaximum Rs. 15 lakhs
Rate of InterestInterest charged by Checons is FIXED for Loan against Property. Please refer the Tariff Schedule for amount wise rate of Interest.

 

Loan against property
Rate of Interest:15% onwards
Processing Fee: 4.0%

The Annual Percentage Rate (APR) for the loans given by Checons is as follows

Type of LoanLoan AmountAPR
Loan Against Property500000 To 150000020.23%

In the quarter Jan – Mar’15, Checons has disbursed loans at rate of interest mentioned below. The mean interest rate for the loans disbursed in quarter Jan-Mar’15 is 18.30%.

Type of LoanLoan AmountRate of Interest
Loan Against Property300000 To 150000015% onwards
Prepayment charges
(For Fixed Rate loans only)
A. Non-housing Loans:
Prepayment charges up to 4.5% (inclusive of service tax) of principal outstanding as on date will be applicable.
Fees and chargesLoan against property
Rate of Interest: 15% onwards
Processing Fee: 4%
Eligibility 
Applicant(s)Family members and co-owners of the property
Documents Required1. Application form with photograph duly signed by all applicants
2. Identity proof – Voter ID, PAN, Driving License, Bank Passbook, etc.
3. Age proof – Voter Id, PAN, Driving License, Passport, Birth certificate, pass certificate of 10th or 12th
4. Property documents
5. Colored passport size photograph
Additional documents that will help us process the loan easily1. Last 3 months salary slips
2. Income Tax Returns of the last 2 years or Business Records
3. LIC Policy
4. FD or RD
5. Details of any other loan account that you are replaying currently
6. Any other savings or investment details
SecurityEquitable Mortgage of the property being financed by deposit of title deeds