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Testimonials

SMC has offices throughout India, so we can reach clients efficiently practically anywhere.
Our personalized service and streamlined documentation gets your product to you faster.

Mr. Arvind Pal

Testimonials
SMC has offices throughout India, so we can reach clients efficiently practically anywhere.
Our personalized service and streamlined documentation gets your product to you faster.
Mr. Arvind Pal
Home > For Salaried > Application Funding

Application Funding

Application funding scheme caters the financial needs towards application money deposit to book residential plots/ built-up houses/ flats being sold by Govt. Housing Agencies, Urban Development Authorities like DDA, GDA, HUDA and other Housing Boards under affordable housing schemes.

FEATURES


 
  • Easy avaibility of Application money fund
  • 100% funding.
  • Less Documentation.
  • No application fee or processing fee.

BENEFITS


 
  • Easy avaibility of Application money fund
  • 100% funding.
  • Less Documentation.
  • No application fee or processing fee.
 
 
 
For more information
please write to us at
response@smcfinance.com



  • Income / Cash Flows to establish steady source of repayment.
  • Should be major at the time of making application.
  • No application or processing fee.
  • Interest for 3 months only
  • Cheque bounce charge Rs. 750/-
  • Application form of concerned Housing Agency, Urban Development Authority or Housing Board.
  • Basic KYC documents.
  • Photographs.
  • Income proof
  • Application funding scheme form set.
  • FATCA Declaration
  • One person can be financed only for one application at any point of time.
  • Interest cheque amounting 3 months interest has to be submitted before disbursement.
  • In case of successful applicants repayment of the application funding amount should be made within 3 months.
  • After 3 months penal interest @ 18% will be levied on outstanding application funding amount.
  • The application funding amount would be disbursed by issuance of draft/ bankers’ cheque favouring the concerned Housing Agency, Urban Development Authority or Housing Board directly.

 

What is Application Funding?

Application funding means the earnest money needs to deposit at the time of booking book residential plots/ built-up houses/ flats being sold by Govt. Housing Agencies, Urban Development Authorities like DDA, GDA, HUDA and other Housing Boards under affordable housing schemes.

 

What is the maximum Loan amount one can avail?

In application funding Scheme SMC Finance will fund the 100% of the application money needs to be deposited.

 

Does any security need to be created for availing Application Funding Scheme?

No, for availing Application Funding Scheme there is no requirement of creating any kind of security.

 

What is the Tenure of this Application Fund Loan Amount?

The Application Fund Loan Amount is granted for 3 (Three) months. The Application Fund Loan amount should be repaid within 3 months. After 3 (Three) months penal interest @ 18% will be levied on outstanding amount.

 

 

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For more information
please write to us at
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img1
Application Funding

Application funding scheme caters the financial needs towards application money deposit to book residential plots/ built-up houses/ flats being sold by Govt. Housing Agencies, Urban Development Authorities like DDA, GDA, HUDA and other Housing Boards under affordable housing schemes.

Testimonials

SMC has offices throughout India, so we can reach clients efficiently practically anywhere.
Our personalized service and streamlined documentation gets your product to you faster.

Mr. Arvind Pal

Testimonials
SMC has offices throughout India, so we can reach clients efficiently practically anywhere.
Our personalized service and streamlined documentation gets your product to you faster.
Mr. Arvind Pal
FEATURES
BENEFITS
 

ELIGIBILITY


  • Income / Cash Flows to establish steady source of repayment.
  • Should be major at the time of making application.

SERVICE CHARGES


Schedule of Charges: - Fees and Charges

  • No application or processing fee.
  • Interest for 3 months only
  • Cheque bounce charge Rs. 750/-

DOCUMENTATION


  • Application form of concerned Housing Agency, Urban Development Authority or Housing Board.
  • Basic KYC documents.
  • Photographs.
  • Income proof
  • Application funding scheme form set.
  • FATCA Declaration

TERMS & CONDITIONS


  • One person can be financed only for one application at any point of time.
  • Interest cheque amounting 3 months interest has to be submitted before disbursement.
  • In case of successful applicants repayment of the application funding amount should be made within 3 months.
  • After 3 months penal interest @ 18% will be levied on outstanding application funding amount.
  • The application funding amount would be disbursed by issuance of draft/ bankers’ cheque favouring the concerned Housing Agency, Urban Development Authority or Housing Board directly.

FAQS

 

What is Application Funding?

Application funding means the earnest money needs to deposit at the time of booking book residential plots/ built-up houses/ flats being sold by Govt. Housing Agencies, Urban Development Authorities like DDA, GDA, HUDA and other Housing Boards under affordable housing schemes.

 

What is the maximum Loan amount one can avail?

In application funding Scheme SMC Finance will fund the 100% of the application money needs to be deposited.

 

Does any security need to be created for availing Application Funding Scheme?

No, for availing Application Funding Scheme there is no requirement of creating any kind of security.

 

What is the Tenure of this Application Fund Loan Amount?

The Application Fund Loan Amount is granted for 3 (Three) months. The Application Fund Loan amount should be repaid within 3 months. After 3 (Three) months penal interest @ 18% will be levied on outstanding amount.

 

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