Q1. What's the maximum loan amount that I can avail against the property?

You can avail a loan amount of up to 70% of the market value of residential property or up to 65% of the market value of commercial property. This percentage can vary based on the specific details of your property and your financial profile. For precise information, consult with our business representatives to understand your loan eligibility.

Q2. For what purposes can I avail a Loan against Property?

A loan against property can be availed for various business purposes, such as business expansion, working capital, capital equipment purchase, property loan, balance transfer of existing secured/unsecured loans, and more. If you have specific uses in mind, our team can guide you on how to best utilize this loan product, ensuring you achieve your business objectives effectively.

Q3. What's the term of the Loan against Property? Can I repay my loan before the due date?

The loan against property can be availed for a maximum tenure of up to 15 years. You have the flexibility to repay the loan before the due date, with early repayment options available. This flexibility can help manage finances more effectively and potentially save on interest costs. For details on prepayment charges, if any, please consult with our business team.

Q4. How and when will the loan amount be disbursed?

The loan amount will be disbursed directly to your operating bank account following approval from the lender. The approval process includes thorough verification of the KYCs, Banking, Income & Property documents. Our business team can provide a detailed timeline and explain each step of the disbursement process for your loan against property.

Q5. What types of properties are eligible for a secured business loan?

Eligible properties for a secured business loan typically include residential, commercial, and industrial properties. Residential properties may include houses, apartments, or other dwellings. Commercial properties include office buildings, retail stores, and other business spaces, while industrial properties cover factories and warehouses. Each property type is evaluated based on its market value, condition, and location, ensuring they meet the lender's criteria. Properties with clear titles and no existing encumbrances are considered for loan approval.

Q6. What documents are required to apply for a secured business loan?

When applying for a secured business loan, several documents are required to verify eligibility and the property's value. These include proof of identity, address and income. Additionally, property-related documents such as the title deed, no objection certificate (NOC), and property tax receipts are needed. Ensuring you have these documents ready can expedite the process of securing a loan against property or a mortgage loan.

Q7. How is the value of the property determined for a secured business loan?

The value of the property used as collateral for a secured business loan is determined through a professional appraisal. A certified valuer inspects the property, assessing factors such as location, size, condition, and market trends. Comparisons with similar properties in the area provide a fair market value. This appraised value helps the lender decide the maximum loan amount you can borrow, typically offering a loan-to-value (LTV) ratio of up to 70%.

Q8. What are the interest rates and fees associated with a secured business loan?

Interest rates on secured business loans are generally lower than on unsecured loans. Rates vary based on the borrower's creditworthiness and market conditions. Additional fees may include processing fees, legal & valuation fees for document verification etc. At Arka, we do not have any hidden charges. All the charges and fees are clearly documented in the loan documentation.

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Used Wheels Loans - Summary

Used Wheels Loan

At Arka Fincap, we recognize that commercial vehicles are not just modes of transport—they are growth enablers for entrepreneurs, logistics professionals, and business owners across sectors. Our Used Wheels Loan product is designed to cater to a wide spectrum of customer segments, offering a robust, flexible, and accessible financing solution.

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Vehicles Eligible for Financing

Medium & Heavy Commercial Vehicle (MHCV)

Intermediate commercial Vehicle (ICV)

Light Commercial Vehicle and Pickups (LCV & PU)

Small Commercial Vehicle (SCV)

Used Wheels Loans - Features & Benefits

Features and Benefits:

• Quicker processing
• Loans for trucks, tippers, tankers and more
• Affordable EMIs with attractive interest rates
• Refinance options available on existing vehicles
• Balance transfer and top up facilities
• Attractive loan to value for FTU, FTB & retail customers

Eligibility Criteria:

We assess the viability of each loan by evaluating the vehicle’s income potential, earnings, operational expenses, resulting cash flow and loan-to-value (LTV) ratio.

Documentation Required :

• Proof Identity for all applicants, co-applicants and guarantors
• Proof Address for all applicants, co-applicants and guarantors
• Bank statement
• Asset Documents
• Income Proof

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Why Should You Choose Arka ?

• 24-hour disbursal for eligible customers
• Life Flex Loan: a one-of-a-kind feature to reduce interest by prepaying part of your EMI
• Tailor made exciting customer rewards on timely EMI payments
• Dedicated Relationship Managers for every customer
• Bespoke policies which meet the nuances of specific geography and customer requirements