Northern Arc Capital offers secured business loans to MSME borrowers, through dedicated branches across seven states. We currently have 41 branches and are growing. Our branches have tech-driven approach; they utilize a streamlined loan origination system (LOS) from customer on-boarding to online document execution.
Northern Arc Capital’s loan against property (LAP) will ensure your financial needs are met.
Our LAP product is simple, convenient, and flexible; designed to meet the diverse financial needs of small businesses.
When you choose Northern Arc Capital, we help you get higher loan amounts, reasonable interest rates, extended repayment tenures, multipurpose fund usage, quick disbursement, and an opportunity to boost your credit score.
Join the growing number of businesses choosing Northern Arc Capital for Loans Against Property (LAP) and experience the edge we bring to your financial journey.
A Loan Against Property (LAP) is a secured loan that enables micro, small, and medium enterprises (MSMEs) to borrow money against their residential, shop/office, or factory property as collateral.
By choosing Northern Arc Capital for a LAP, borrowers can enjoy several benefits, including higher loan amounts, lower interest rates, longer repayment tenures, flexible repayment options, multipurpose usage offunds, quick disbursement, and the opportunity to build their credit score.
The funds obtained through a LAP can be used for scaling up the business, meeting daily operational costs, acquiring new assets and machinery, refinancing existing loans, and fulfilling any other business requirements.
Loans are available to salaried individuals, proprietorships, partnerships, limited liability partnerships, and private limited companies. Applicants must be at least 21 years old and co-applicants must be at least 18 years old at the time of loan application.
Yes, it is mandatory to have at least one co-applicant to apply for a loan.
The required documents include KYC documents, bank statements, property documents, and ITR/GSTR/financials, if applicable.
Eligible properties for collateral include residential buildings, commercial complexes, shops, godowns, and industrial properties.
Property Insurance is not mandatory for Properties offered as collateral, but it is advised to insure the Property to protect the borrower from any Loss due to unforeseen circumstances.
Yes, you can. However, all property owners need to be added as co-applicants.
We provide loans on fully constructed properties only.
Borrowers can apply online, download the Northern Arc App through a QR code given above, or visit the nearest branch to apply for a LAP.
Yes, we provide Balance Transfer and Top-up on a loan you have with another Bank/ NBFC. However, you need to collect the MODT and Property documents from the existing financer and sign a renewed MODT with us.
You can get a maximum of ₹1 Cr with our Loan Against Property. However, the loan amount is decided based on various eligibility factors. We provide loans against property ranging from ₹ 1 lakh to ₹ 1 Crore.
We allow a maximum of 180 months to repay the loan.
Yes, you will be charged an upfront Login Fee and Processing Fee.
You will receive a SMS from Northern ARC Capital containing the link to download your Sanction Document.
Disbursement will be done within 3 – 5 Business Days from the Date of Sanction provided the borrower has completed all the Documentation formalities / Sanction terms.
Your EMI is calculated based on the reducing balance method, where the interest is calculated on the outstanding principal amount. This means that each EMI’s interest and principal component vary. Interest payments make up a larger component of the EMI at the beginning of the loan term and as the loan is repaid over time the interest component decreases, and a larger proportion of the payment go toward principal repayment.
The EMIs are due on 5th of every month.
No, Currently Not available.
We offer NACH / E-NACH services for convenient repayment of your Loan.
Yes, you can pre-pay your loans and pre-payment charges are applicable.
For customer support, you can call the toll-free number 1800 4198 766 or email customersupport@northernarc.com.