Loan Against Property Policy - Mufin Green Finance

Property	Registered GPA	Sale Deed/Conveyance Deed	New Registeration of Property in Sub Registrar Office (Regularized Colony)
Loan Amount	3-5Lac	5-10Lac	1 to 5 Lac
Top of Loan Amount	not before 18 Month	Not before 12 months	After submission of Original Property paper with Mufin
Rate of Interest	20 % reducing	18 % reducing	21% reducing
Processing Fee	2%	2%	3%
Loan Tenure	1-3 years	2- 7 years	1- 4years

KYC of Customer/Co-applicant	required	required	Required
Banking	1 year	1 year	1 year
Latest 2 years ITR	required	Mandatory	Affidavit/required
GST Certificate	Required	Mandatory	Required if available
Property Paper	Registered GPA and earlier chain required	Original Sale deed and Conveyance deed required	Original Sale deed required
Property Owner	To be taken on loan	To be taken on loan	To be taken on loan
Lady co-applicant	required	required	yes required

Cibil Score	Above 600 with no writ off and deliquency	Above 600 with no writ off and deliquency	Above 600 with no writ off and deliquency
Tele verification	Positive	Positive	Positive
Field Investigation of Residence and office	Mandatory	Mandatory	Mandatory
Legal report and title search	Required	required in all cases from Advocate	not required
Valuation Report	Required (Affidavit)	required in all cases from valuator	Affidavit
Vetting Report	Required	required in all cases from Advocate	Original to be collected from Sub registrar office
Personal Discussion	By credit	By credit	By credit
Cash flow analysis	Mandatory	Mandatory	yes
Pre-Sanction/Post Sanction Docs	Required	Required	Required
Loan to Income Ratio	Not to exceed 40%	Not to exceed 40%	Not to exceed 40%
Income to expense analysis	Yes	Yes	yes
Current obligation/loan Check	Mandatory	Mandatory	mandatory
Existing loan track check	Yes	Yes	yes
Cheque bouncing checking of last 6 month in bank statement	Yes	Yes	yes

Registered Mortgage	Not Applicable	Case to case basis	Not required
Guarantor	Case to case basis	Not Required	not required