Mortgage Loans
Our mortgage loans are designed to help MSMEs unlock the true value of their property for business expansion or working capital needs. We use our deep sector expertise to understand the unique requirements of businesses like yours. Whether you’re looking to expand your operations, purchase new premises, or fund other business investments, we offer flexible repayment terms to suit your cash flow. With our asset-backed lending approach, you can access the financing you need to drive your business forward.
Key Features
Secured Term Loans
- Flexible Collateral Policies: We offer a range of collateral options tailored to your business needs.
- Customised GST-based Assessment: Loan eligibility is determined based on industry margins, ensuring the loan aligns with the specific needs of your sector.
- Consideration of Future Growth: We factor in future business growth while evaluating loan eligibility.
- Actual Cash Flow-Based Assessment: We focus on real cash flow, with no capping, ensuring a fair evaluation of your repayment capacity.
Healthcare Loans
- Loans for Healthcare Institutions: We offer loans to hospitals, nursing homes, and self-employed doctors running their clinics.
- Geographical Flexibility: Our loans cover a wide range of geographical locations to support healthcare businesses in various regions.
- Cash Flow -Based Assessment: Loans are assessed based on the actual cash flow of the healthcare business, considering various income streams.
Working Capital Term Loans
- Flexible Repayment: Repayment options are linked to the daily utilization of the approved credit limit.
- Repayment Options: You can choose from monthly or quarterly principal repayments, depending on your business's cash flow cycle.
Plot + Construction Loans
- Plot and Construction Financing: Loans are available for the purchase of industrial/commercial plots and the construction of industrial/commercial units.
- Market Value Funding: We offer funding based on the market value of the property, ensuring maximum loan amounts.
Zero-Day Loan against property (LAP)
- This caters to situations where the market value of the property exceeds the actual agreement value, allowing you to borrow more based on the property’s market value.
Purpose for which you can avail this loan
Expanding Operations
Help your business progress with the necessary space or resources for expansion.
Purchasing New Premises
Secure financing for new locations to scale your operations or open new branches.
Upgrading Infrastructure
Modernise your facilities to keep pace with industry demands or improve operational efficiency.
Strategic Expansion
Increase capacity or introduce new avenues to meet growing market demand.
Eligibility Criteria
Who is Eligible for a Mortgage Loan?
- Business/Service Type: Must belong to one of the 11 defined industries/sectors.
- Business/Service Vintage: Minimum 3 years of overall business experience, with at least 6 months in the current business.
- Loan Amount: ₹20 Lakh – ₹5 Crore (Subject to eligibility).
- Age: Applicants must be between 21 and 65 years of age (for all parties involved in the loan).
Required Documentation
Documents Required to Qualify for a Mortgage Loan?
- KYC Documents: Identity and address proof of the applicant, co-applicants, and the business/service.
- Financial Documents:- Income Tax Returns (ITR) of 3 years - Bank statements of 1 year
- Property Documents: Legal and technical documents related to the property offered as collateral (e.g., chain of agreements, approved plans).
Note: The document list above is indicative; additional documents may be required during the loan processing.
FAQs
Can I get loan for a new business from Profectus Capital?
Yes, we support businesses within the 11 defined industries/sectors, with minimum 3 years of overall experience and at least 6 months in the current business.
Do I have to visit a physical branch to apply for an Enterprise Mortgage Loan?
No, you can apply online through our website or visit a branch if preferred. Our process is designed to be fast and easy.
How can I apply for an Enterprise Mortgage Loan online?
You can fill out the form on our website. Alternatively, you can reach out to our customer support team, and one of our executives will get in touch with you within 24 hours.
Does Profectus Capital offer a Working Capital Loan?
Yes, we offer Working Capital Term Loans that are suited to seasonal businesses. The funds are parked in your account, and interest is only charged based on utilization. Once repaid, no further interest is charged.
Do I need to provide collateral property to apply for an Enterprise Mortgage Loan?
Yes, collateral property is required for both Term and Working Capital Loans. We offer flexible collateral policies to suit your needs.
What are the documents required for a Term/Working Capital Loan?
6. You will need to submit KYC, Financial, and Property Documents.
Do I have to submit these documents in physical form?
No, we have a fully digital processing system where you can submit your documents online. If needed, physical copies are also accepted.
Does Profectus provide finance for the purchase of an industrial plot and construction for setting up a new factory?
Yes, Profectus Capital provides financing for the purchase of industrial plots and the construction of commercial units under our Plot + Construction Loan program. Additionally, you can avail of our Machinery & Equipment Loans for machinery required for setting up your factory.
