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Home Loan

A mortgage loan, commonly called the home loan is taken from a bank or a financial firm designated for lending, generally for the residential purposes of the borrower of the loan. The loan, as usual, carries the liability of keeping a collateral. However, the property for which the loan is being taken is generally kept as the security. In case the borrower of loan fails to repay his debts, the lender acquires the authority over the security in order to claim the unpaid dues. The loan carries a fixed rate of interest which is paid at decided regular intervals. Home loans vary in their respective types and thus have different purposes. Loans like home loans can be taken for the purpose of buying a new house. It can be also be taken for the construction of a house of one’s desire. The varieties of home loans do not restrict themselves there only. There are home loans which that can be taken for the purpose of renovation or improvement of one’s property. Provision for home loans is also available is one wishes to extend their house. The type of loans can be commercial in nature too. They can also be varying with the kind of borrowers that wish for it. Accordingly, the loans can also be joint when two people together wish to borrow home loan. This kind of engagement in loans is most common with married couples.

While availing a home loan, the borrower must always keep in mind certain aspects including the total tenure of the repayment of loan too. Ideally, one must always go with the loan with the shorter tenure. Other key factors that can be taken into account are making sure that the rate of interest remains fixed throughout the loan repayment tenure. Also the amount percentage of the down payment money which refers to the amount of money of the total expense which needs to be paid from one’s own pocket should be seen as a crucial factor to the process

Monthly Income

Your monthly income will be the critical factor determining your loan amount and the interest rate.the interest rate other loans 

Age

The age criteria may differ from lender to lender, but those aged between 18 and 70 years are more likely to get a loan

Monthly Expenses

Your ability to pay back a loan is judged to some extent from your monthly expense, making it an important factor for evaluation.

Any Other Loan

When it comes to Loans, it’s not more the merrier. Your chances improve if you don’t have another loan to your name.

Credit History

Your monthly income will be the critical factor determining your loan amount and the interest rate.the interest rate other loans 

Job Stability

Your monthly income will be the critical factor determining your loan amount and the interest rate.the interest rate other loans 

Monthly Income

Your monthly income will be the critical factor determining your loan amount and the interest rate.the interest rate other loans 

Category of Employer

Your monthly income will be the critical factor determining your loan amount and the interest rate.the interest rate other loans 

What is a Business Loan?

Each business is unique & have specific requirements. Business loan is offered by various banks & financial institutions across the country are customized & customer centric. These are made to offer the business owners with the wide array of financing alternatives.

The small business loan is safest & easiest option to appropriately finance the business objectives. Banks & financial institutions offer tailor made loans based on nature, scope & goal of the requirements.
We are brings special Doctors Program for MBBS, BDS & Above qualification Interest rate start from @10.99%, Loan up to 5 Years.

Features

Business loans in can be availed in range of Rs.1,00,000 to Rs. 2 Crore. These loan applications normally get approved quickly without any hassle during the process. Most banks & financial institutions provide the customer with promise of unsecured lending solutions when it comes to the business loan. The business loan come with the added benefit of services, like SMS, Web Chat, Phone Banking, etc. Some banks extend exclusive higher loan amounts to the self employed customers. With minimal paperwork & flexible repayment options, more & more business owners are leaning on business loan to fund the business need.

Benefits

Unsecured business loan enable businesses to fund exact exigencies & repay the loan amount in easy EMI. These loans are availed for the different reasons, including the business expansions, working capital, etc.

Banks & financial institutions offers business loans to customers with flexibility of the doorstep service. Furthermore, business loans in India normally do not expect any collateral, guarantor or security from an applicant.

Some banks offer customers with a facility of business loan within a minute, either online or through their branches. These speedy approvals assure that customers do not waste their time waiting to hear from banks for status of their loan application.

Business loans are destined to help small businesses to meet their capital & other requirements. Generally, the following categories of people can avail the business loan.

Business Loan Rate of Interest 2020

To help its customers get the best interest rates on Business loans has consolidated all the information regarding latest rate of interests at one place. Keep visiting this section and remain updated.

Banks/Finance companyMinimum ITR Net Profit Rs.Rate of Interest BetweenLoan Amount Provides BetweenTurnover
HDFC Bank2.5 Lac15% – 18%1 Lac – 50 LacMin 1 Cr
HDFC Bank2.5 Lac15% – 18%1 Lac – 50 LacMin 1 Cr
RBL Bank2.5 Lac16% – 22 %1 Lac -50 LacNA
RBL Bank2.5 Lac16% – 22 %1 Lac -50 LacNA
RBL Bank2.5 Lac16% – 22 %1 Lac -50 LacNA

Personal Loan Real time Approval

 

Self Employed Professionals
This type of category include, allopathic doctors, chartered accountants, company secretaries, & architects etc. This is subject to the applicants who have the proof of qualifications & are practicing their profession.

Self Employed Non Professionals:
This type of category includes traders & manufacturers.

Who can avail Business Loan?

Following entities can avail the business loan:

  • Proprietorship
  • Partnerships
  • Closely Held Limited Companies
  • Private Limited Companies
  • Limited Liability Partnerships

Applicants have to fulfil following criteria in order to be eligible for business loan:

 

  • No Minimum Turnover
  • Min 3 years experience in the current business
  • Min 3 years of business experience
  • Business should make profit for last 2 years
  • Min Annual Income is Rs.1.5 Lacs
  • Min age of applicant is 21 years
  • Max age of applicant is 65 years at a time of loan maturity

FAQ