Your property is one of your great assets. LAP is an ideal way to utilize and leverage your property to its full potential. Unlock the potential of your property to meet your financial requirements at a competitive rate with a long repayment tenure.
Your property is one of your great assets. LAP is an ideal way to utilize and leverage your property to its full potential. Unlock the potential of your property to meet your financial requirements at a competitive rate with a long repayment tenure.
Login Charges: While taking your application for LAP, we take a non-refundable login cheque of Rs 1100 or 3100 in favour of "Setia Auto Finance (P) Ltd" depending upon the loan amount.
Legal & Valuation Charges: We conduct a thorough Legal check & valuation of the property, charges for the same amounts to Rs 5200 non-refundable which is deducted from the loan amount.
Processing Fees: Once you get a credit approval from the company, you will be charged a non-refundable processing fee of upto 3% + service tax, which varies depending upon particulars of your loan.
Loan Sureksha: We offer loan protection plan to provide cover against your new loan to ensure that your liabilities are not passed on to your loved ones. The charges varies as per age of borrower, Loan amount & tenure.
Stamping Charges: As per government policy.
These are the basic documentation required. It may vary from case to case. In addition we also take Co-Borrower/ Guarantor who takes the responsibility incase the borrower fails to repay his/ her EMIs.
| Documents | Salaried Individual |
|---|---|
| Income Proof (all documents need to be signed by the applicant / co-applicant) |
Fixed income - Salaried
Variable income - Salaried
|
| Bank Statement / Pass Book Copy for applicants whose income is being considered for eligibility | Bank statement required for the last six months from salary a/c (for cheque salary) or from operating a/c (for cash salary) |
| Documents | Salaried Individual |
|---|---|
| Proof of Existence | Partnership deed copy / Memorandum of Association (MOA) / Article of Association if applicable |
| Office Address Proof | Utility bill, Telephone bill, Electricity bill (maximum 3 months old), Shop & Establishment Act Certificate, Sales tax certificate. |
| Income Proof (all documents need to be signed by the applicant / co-applicant) |
|
| Bank Statement / Pass Book Copy for applicants whose income is being considered for eligibility | Bank statement required for the last six months from operating account |
| Documents | Salaried Individual |
|---|---|
| Proof of Existence | Partnership deed, Memorandum of Association (MOA) & Articles of Association / Form 32, copy of the professional degree / membership certificate |
| Ownership Pattern | Latest list of directors and shareholding pattern certified by company secretary (if applicable) |
| Office Address Proof | Utility bill, Telephone bill, Electricity bill (maximum 3 months old), Shop & Establishment Act Certificate, Sales tax certificate |
| Income Proof (all documents need to be signed by the applicant / co-applicant) |
When borrower is an individual
When borrower is a firm / company
|
| Bank Statement / Pass Book Copy for applicants whose income is being considered for eligibility |
|