Sammaan Finserve Loan Against Property

On Bajaj Markets, you can now apply for a loan against property of up to ₹10 Crores from Sammaan Finserve Limited. These come with a repayment tenure that ranges up to 12 years. Enjoy affordable interest rates starting from 9.75% p.a. and multiple repayment options. 

The simple eligibility criteria, minimal documentation, and quick online application make this loan a great choice for you.

With a loan against property, you can pledge your residential, commercial, or land property as collateral to a lender to receive funds for various purposes. Here are some important details of Sammaan Finserve Loan Against Property features and benefits:

• High Loan Amount

Get a loan of up to ₹10 Crores by mortgaging your property. Use it for various purposes like business expansion, education, debt consolidation, or personal emergencies. 

• Maximum Tenure

Repay your loan against property over tenures ranging up to 12 years. This extensive period will offer enough time for comfortable repayment.  

• Low Interest Rates

Benefit from interest rates starting at 9.75% p.a.. A good financial profile will make it easy to secure your loan at this interest rate. 

• Simple Eligibility

The easy eligibility criteria enable you to get the required loan amount quickly. 

• Rapid Processing

The lender will verify and process your loan application quickly with the help of digital processes

• No Hidden Charges

Enjoy complete transparency when applying for Sammaan Finserve Limited Loan Against Property on Bajaj Markets.

The lender provides different types of Loan Against Property (LAP) solutions to address varied financial requirements. These options allow you to leverage pre-owned properties for purposes beyond purchasing a home:

• Standard Loan Against Property

This loan is offered against pre-owned residential or commercial properties. The funds can be utilised for business expansion, asset acquisition, personal needs, education, travel, or medical expenses.

• Non-Residential Purchase Loan

This facility enables you to obtain financing against non-residential premises. The borrowed amount may be used for both business and personal purposes.

Here are some of the Sammaan Finserve Loan Against Property eligibility requirements to keep in mind:

• Self-employed individuals, partnership firms, and MSMEs can apply for this loan

• You should fall under the age bracket of 23 to 70 years

• You should have a CIBIL score of 675 or above

Make sure to keep the following documents handy for a seamless application process:

• Duly filled and signed application form

• KYC Documents: Proof of name, date of birth, address, signature and identity

• Address Proof: Passport/Driving Licence/Aadhar Card/Voter ID Card/NREGA Card/Letter issued by NPR with name and address. Maintenance bill, electricity bill

• Processing fee cheque

• MSME Certificate/ Udyam Aadhar

• Property documents: 
  • Sale Deed
  • Letter of Allotment
  • No Objection Certificate (NOC) from the builder/Housing Society, etc.

• Income Proof: 
  • For Salaried Applicants - Salary slips, Form 16 and bank statement
  • For Self-employed Applicants - ITR, financial statements, and bank statements

Here are the steps you need to follow to apply for Sammaan Finserve Limited Loan Against Property on Bajaj Markets: 

1. Select the ‘Check Offer’ button available on this page

2. You will be taken to the online application form

3. From the drop-down menu, choose Loan Against Property as your loan category

4. Indicate your profession by selecting either Salaried or Self-Employed/Business Owner

5. Enter your mobile number to proceed with the eligibility check

6. Accept the terms of use and provide consent for sharing your details as required

7. Click on ‘Apply Now’ to complete and submit your application

You can check the status of your loan through multiple channels. Choose any of the following options that best suits your convenience: 

• SMS: Send an SMS with “LAP” to 56677 to get an update on your loan status

• Mobile App/Website: Use the Sammaan Capital Home Loans mobile app or visit the website to track your loan in real time

• Helpline: Call the helpline at 1800-572-7777

• Email: Send an email to lap@sammaancapital.com to receive a written update

• Branch Visit: Visit the nearest branch office of the lender with your application or loan details

Customer support is available Monday to Saturday, from 9 AM to 6 PM, except on 2nd and 3rd Saturdays, Sundays, and public holidays.

To check the statement, use their official customer support channels or digital platforms for easy access to your account information:

Online and App Access

1. Visit the Sammaan Capital website and use the customer login or statement option
2. Download the Sammaan Capital Home Loans app from Google Play or the Apple App Store to track loan statements and other details

Statement by Request

1. Send an SMS with “LAP” to 56677 to request your loan account statement
2. Call the customer helpline at 1800-572-7777 for loan statement enquiries.
3. Email lap@sammaancapital.com for support with statement requests

Physical Statement

1. Visit the nearest branch office and request a printed statement or amortisation schedule
2. Pay a service fee of ₹200 per instance, if applicable, to get the schedule

The lender offers multiple repayment options to make managing a Loan Against Property convenient and flexible. These include:

• EMI (Equated Monthly Instalment)

Repay the loan through fixed monthly instalments that cover both principal and interest. While the proportion of principal and interest changes over the tenure, the overall EMI amount generally remains constant.

• PEMII (Pre-EMI Interest Payments)

Pay only the interest on the disbursed loan amount each month until the full principal is released or the project is completed. Standard EMIs begin once principal repayment starts.

• Part-Payment

Make a partial repayment towards the outstanding principal at any point during the tenure. This reduces the loan balance and can lower either the EMI amount or the repayment duration.

• Foreclosure

Close the loan before the end of its tenure by repaying the entire outstanding principal along with applicable charges. Foreclosure helps save on future interest outgo and provides complete financial closure.