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Loan against Property
“Before the lockdown, I was planning to open a car dealership in the plot next to my petrol pump. The showroom was completed when Covid struck and my plans turned upside down. Even the petrol pump business was down. From servicing over three hundred vehicles a day to less than fifty.
After the restart there was still a big problem, how would I get the funds to buy inventory? It wasn't a small amount either.
That's when I decided to mortgage my ancestral home for a business loan from Tata Capital. I knew I could count on them. “
With the Rs 25,00,000, Ashok was able to open his dealership to pursue his dream of expanding his business. We're happy to be a part of his journey.