Finova products are MSME oriented & tailor made to suit gamut of industries to maximize business growth for customers

Mortgage loan-Residential /Commercial

1.  Loan Amount-Rs 3 lacs to 10 lacs
2.  Repayment tenor-2 years to 7 years
3.  Interest rate-21% to 25% per annum
4.  Secured against mortgage over marketable security
5.  Processing fee-3% + service tax

Top up loan

1. Seasonal & festival loan requirements of Rs 50,000/- to Rs 200000/-
2. Short seasonal tenor-2 months to 1 year
3. Interest rate-22% to 26%
4. Existing loan customers with a good repayment track record can apply after 6 months of taking their primary loan
5. Secured against the existing assets under the primary loan

Requirements

1. Continuity in business-Min. 3 years in the same line of business
2. Residence & office stability for 3 years
3. Financial documents –Last 6 months bank statements .If you don’t have ITR’S then our team will work with you for variety of documentation alternatives