For New Loan call us on: 9899106930, 9899106585

For New Loan call us on: 9899106930, 9899106585

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Small Ticket Size

Small Ticket Size (STS) loan is a type of loan that is designed to provide small amounts of funds to individuals and businesses. These loans are typically extended for short tenures, usually up to 7.5 Lacs and are secured against a self-occupied residential or commercial property. They can be used to fund a variety of purposes, such as constructing or purchasing a house, expanding a business, or meeting personal financial needs like marriage in family or children’s higher education.

The end use of the loan is important to the lender, as it allows them to ensure that the funds are being used for a specific purpose and that the borrower has a plan in place to repay the loan.

STS loans are typically offered by non-banking financial companies (NBFCs) and other specialized lending institutions, which tend to have more flexible underwriting standards than traditional banks. This allows them to provide loans to borrowers who may not qualify for larger loans from traditional banks.

It’s worth noting that interest rates on STS loans may be higher than those for larger loans, as the lender is taking on more risk by lending smaller amounts. Also, it may require the borrower to provide more collateral to secure the loan.

Applicable On

  • Loan against built up Self Occupied, residential and commercial
    properties( Sale deed property / Lal Dora Property / GPA / family transfer ).
  • Loan for Self Employed borrowers (Exclusive Loans for Business Owners)
  • Loan amount from 2 lakhs to 9 lakhs.
  • Tenor from 2 years to 9 years.
  • Borrower should have a bank account.
  • Customer should be more than 25 years of age and not more than 65 years
    at the time of loan maturity.
  • Should be residing in a city where Perfect Finance has an office.
  • Guarantor requirement as per underwriting team.
  • Client’s Property should not be in our negative area list.
  • Purpose of loan should be constructive and economically productive.
  • In case of GPA property, it must be self-occupied.
  • All the owners of the financed property and all individuals whose income has
    been considered for the loan have to be the co-applicants to the loan.
  • Loans can be taken for the following end uses :
  • Buying New Stock
  • Working capital for existing business
  • Buy new property, which is to be used for business
  • Renovation of Existing shop
  • Buying machinery for business
  • Balance transfer of existing Business Loan
  • Client’s property should not be mortgaged already, and client should be in the
    possession of property.

Documents Required for STS Loans

  1. 1 Photograph each of Applicant and Co-Applicant.
  2. Income Details: IT returns, Balance sheet & P/L account statement for the last 2
    years with Annexure, Form 16 A/Cash Flow report from the onsite team.
  3. Bank account statements for the last 6 months.
  4. KYC documents of applicant as well as co-applicant.
  5. Business vintage for 3 years.
  6. Business Proof: Certificate of practice.
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