HomeServicesLoan ServicesPurchase Loan

"Turant Rinn Suvidha, Aapke Vyavsay Ke Liye Vishwasniya Samadhan!"


About SIMFINN Purchase Loan

Owning a plot or commercial property is a significant investment, and SIMFINN Purchase Loan is designed to help you achieve this goal with ease. Whether you’re looking to buy a residential plot for future construction or a commercial property for business expansion, our loan offers flexible financing solutions tailored to your needs. With competitive interest rates, easy repayment options, and a streamlined approval process, SIMFINN ensures that you can secure the perfect property without financial stress.

Our Plot and Commercial Property Purchase Loan comes with customer-friendly terms, allowing you to invest in land or commercial spaces confidently. We provide financing for individuals, businesses, and entrepreneurs looking to expand their assets or set up a new venture. With minimal documentation, quick disbursal, and expert financial guidance, SIMFINN makes property ownership simple and affordable. Take the next step towards securing your dream investment with our hassle-free loan solutions.

Features & Benefits of SIMFINN Purchase Loan

Flexible Loan Amounts

Get financing based on your purchase requirements, whether for a residential plot or a commercial property, ensuring you receive the necessary funds.

Competitive Interest Rates

Enjoy attractive interest rates that make repayment affordable while maximizing your investment potential.

Flexible Repayment Tenure

Choose from repayment options ranging from 5 to 20 years, allowing you to manage your EMIs comfortably.

Quick Loan Approval & Disbursal

Benefit from a fast and hassle-free approval process with minimal paperwork, ensuring you secure the property without delays.

Funding for Various Property Types

Whether you’re purchasing a residential plot for future construction or a commercial space for business, this loan covers a wide range of real estate investments.

Minimal Documentation & Easy Process

Our simple and transparent loan application process ensures convenience, saving you time and effort while securing your property investment.

SIMFINN Purchase Loan Eligibility Criteria

Age Requirement

Applicants must be between 21 and 65 years old at the time of loan maturity

Employment Status

Both salaried individuals with a stable income and self-employed professionals/business owners with a steady financial history are eligible.

Minimum Income Requirement

Applicants must meet SIMFINN’s minimum income criteria to ensure repayment capability.

Credit Score

A good credit score (typically 650 or above) is preferred for loan approval and to secure better interest rates.

Property Eligibility

The plot or commercial property must be legally approved and meet SIMFINN’s valuation and title clearance criteria before loan approval.

Financial Stability

The applicant’s debt-to-income ratio should be within an acceptable range, ensuring they can manage loan repayments along with existing financial commitments.

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Our Clients

Our home loan clients trust us to provide tailored financial solutions that make homeownership more accessible and affordable. With competitive interest rates, flexible repayment options, and a seamless application process, we help individuals and families achieve their dream of owning a home. Our commitment to customer satisfaction ensures personalized service and expert guidance at every step.

98%

Satisfied Customers

84%

Home Loans Disbursed

88%

Loan Approval Rate

Documents Required For SIMFINN Purchase Loan

  • Aadhaar Card
  • PAN Card
  • Voter ID
  • Passport
  • Driving License
  • Aadhaar Card
  • Utility Bill (Electricity/Water/Gas—Recent 3 Months)
  • Rental Agreement
  • Passport
  • For Salaried Individuals: Last 3 months’ salary slips, Form 16, and bank statements for the last 6 months.
  • For Self-Employed Individuals: Income Tax Returns (ITR) for the last 2–3 years, business financial statements, and bank statements for the last 6 months.
  • Sale Agreement or Allotment Letter from the seller/developer.
  • Title deed and legal ownership documents of the plot or commercial property.
  • Approved layout plan and property tax receipts.
A duly filled and signed application form along with passport-size photographs
  • No Objection Certificate (NOC) from the relevant authority (if applicable).
  • Encumbrance Certificate to verify that the property is free from legal disputes.

Take Next Step & Manage Your Immediate Financial Needs Now. Turn Your Dream Home into Reality with SIMFINN!
Affordable SIMFINN Home Loan Balance Transfer with Easy Approvals & Flexible EMIs

Apply Now

FAQs About SIMFINN Purchase Loan

A Purchase Loan is a secured or unsecured loan that helps individuals or businesses finance the purchase of assets, such as machinery, equipment, commercial property, or raw materials, without paying the full amount upfront.
Both individuals and businesses can apply for a Purchase Loan. Eligible applicants include self-employed professionals, business owners, MSMEs, and companies looking to finance a purchase.
The loan amount depends on various factors, including the applicant’s creditworthiness, business turnover, and the value of the asset being purchased. SIMFINN offers competitive loan amounts based on these factors.

SIMFINN offers flexible repayment tenures ranging from 12 months to 10 years, depending on the loan type and asset being financed.

Collateral requirements vary. Some loans, especially those for high-value assets, may require property, machinery, or other assets as security. However, unsecured Purchase Loans are also available for eligible applicants.
Loan approval and disbursal typically take 3 to 7 working days, provided all required documents are submitted and verified successfully. Faster approvals may be available for pre-approved applicants.