SERVICES

Benefits of our Personal Loan:

A personal loan is an unsecured loan that is not backed by collateral or security. This makes it a flexible financing option, as there are no limitations on its use.

Unlock the Power of Personal Loans

• Simplify Your Finances with Debt Consolidation: Merge multiple debts into one loan with a lower interest rate, saving you money on interest payments and making debt management a breeze.
• Transform Your Home with Renovation Financing: Use a personal loan to fund home renovation projects, increasing your home's value and enhancing your living space.
• Cover Unexpected Medical Bills: Get financial assistance for unexpected medical expenses, such as emergency surgery or hospitalization, with a personal loan.
• Weather Financial Storms with Emergency Funding: Use a personal loan to cover unexpected expenses, like medical emergencies or car repairs, and avoid financial hardship.

Eligibility Criteria

• Age should fall under the range of 21 years to 60 years.
• Net monthly income should be 15,000/- for salaried and self-employed, yearly transactions should be a minimum of 20 lakhs .
• Credit score must be above 650.
• Debt-to-income ratio.
• Employment stability.
• Maintained a good credit score.
• Clear repayment history.
• Must be a Resident Citizen of India.

Documents required to apply

• Identity Proof:Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card.
• Proof of Residence or Address Proof: Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card, Electricity Bill, Telephone Bill, Ration Card.
• Age Proof: Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card.
• Income Proof: 1 year Bank statement, 3 months Salary Slips.
• Employment Proof:Employment Certificate, Office address proof.
• GST or VAT Registration for Self-employed.
• Photograph:Passport-size photographs.
• Business proof:Business registration documents such as a partnership deed, Memorandum of Association (MOA), Articles of Association (AOA), etc..
• Income tax returns:Documents of the past 2-3 years to verify income and tax payment history.

Benefits of our Business Loan:

A business loan is a type of financing provided by lenders to businesses, enabling them to access capital for various purposes. It's a debt financing option that allows companies to borrow a lump sum amount, repayable over a fixed term with interest.

Unlock the Power of Business Loans

• Term Loans.
• Working Capital Loans.
• Business Expansion Loans.
• Equipment Financing Loans.
• Invoice Financing & Bill Discounting.
• Machinery Loans.

Eligibility Criteria

• Business Type: Most lenders provide loans to various types of businesses, including sole proprietorships, partnerships, limited liability companies (LLCs), corporations, and more.
• Credit Score: A good credit score is often required to qualify for a business loan. Lenders use your credit history to assess your ability to repay the loan.
• Business Age: Some lenders require a minimum operational history for your business, usually ranging from a few months to a year or more.
• Annual Revenue: Lenders may have a minimum annual revenue requirement to ensure your business has a stable income.
• Collateral:Secured loans might require assets as collateral to secure the loan. Collateral can be real estate, equipment, inventory, or other valuable assets.
• Cash Flow: Lenders often evaluate your business's cash flow to determine your ability to repay the loan.
• Age Criteria:Min. 21 years at the time of loan application & Max. 65 years at the time of loan maturity.
• Eligible Entities:Individuals, MSMEs, Sole Proprietorships, Partnership Firms, Public and Private Limited Companies, Limited Liability Partnerships, retailers, traders, manufacturers, and other non-farm income-generating business entities engaged only in the services, trading, and manufacturing sectors.
• Business Vintage :Min. 1 year or above.
• Business experience:Min. 1 year, business location to remain same.
• Annual Turnover:Shall be defined by the Bank/NBFC.
• Credit Score: 650 or above (Preferred by most private and public sector banks).
• Nationality: Indian citizens.
• Additional Criteria: Applicants must own either a residence, office, shop, or Godown.

Documents required to apply

The list of documents required for a business loan to be submitted varies based on type of business entity. Submit the following documents to begin with the loan process:

• ITR for the past 2-3 years
• Current Bank Account Statement for the last 12 months
• Photocopy of PAN Card
• Address Proof for Residence such as:
  • Voter Card
  • Passport
  • Aadhaar Card
  • Telephone Bill
  • Electricity Bill
• Address proof for Business such as:
  • Telephone Bill
  • Electricity Bill
• Last Financial Year's provisional Financials and future year's projections
• Company's business profile on the letterhead
• 2 photographs of promoters and property owners
• Sanction letter and Repayment schedule of existing loan
• GST registration certificate and GST returns of latest 2 years
• D-Vat/Sale tax registration copy
• Udhayam Aadhaar registration certificate
• Rent agreement copy of factory and residence (if property is rented)
• Business Continuity proof of 3 years (3 years old ITR/Company registration etc)
• For Pvt Ltd companies:
  • Company PAN Card
  • Certificate of Incorporation
  • MOA (Memorandum of Association)
  • AOA (Articles of Association)
  • List of Directors
  • Shareholding pattern
• For Partnership Companies:
  • Partnership Deed
  • Company PAN Card

Benefits of our Housing Loan:

A housing loan, also known as a home loan or mortgage, is a type of loan provided by financial institutions to individuals or organizations for purchasing, constructing, or renovating a residential property.

Unlock the Power of Housing Loans

• Home Construction Loan: If you have a plot of land and lack financial support to construct a home on that piece of property, you may choose a house construction loan. Such borrowing is mainly made to construct or repair a major part of your home.
• Home Extension Loan: Should you already own a home, and feel the need to extend the building, add an annexe, or build another floor, etc., Home Extension Loan is your go-to option that finances such needs.
• Home Improvement Loan: All of us wish to improve and upgrade our homes for a better life. From your old-age furniture, fixtures to faulty lightning systems, Home Improvement Loan funds all your plans.
• NRI Home Loan: If you are a patriot, a Non-Resident Indian, and wish to own residential property in India, NRI Home Loan is your answer. Though the formalities for application may be a little different.

Eligibility Criteria

• Age:
  • Minimum 21 years at the time of loan commencement
  • Maximum 65 years or less at loan maturity
  • For Salaried Person: 21-58 years
  • For Self-Employed Person: 25-65 years
• Income:
  • For Salaried Person: Minimum Rs. 10,000 per month
  • For Self-Employed Person: Minimum Rs. 2,00,000 per year
• Employment:
  • For Salaried Person: Minimum 2-3 years of experience in MNC, Private or Public Limited Company
  • For Self-Employed Person: Minimum 3 years of experience in the current field
• Credit Score:
  • Minimum credit score of 650 for approval

Documents required to apply

• Salaried Individuals:
  • Form 16
  • Employee Identity Card
  • 3 Months Salary Slip
  • 1 Year Bank Account Statement
  • Duration of Employment Evidence
• Self-Employed Individuals:
  • PAN
  • Trade License
  • Partnership Deed
  • Article of Association
  • Memorandum of Association
  • Import Export Code
  • SEBI Registration Certificate
  • ROC Registration Certificate
  • Financial Statement Audited by CA
  • Profit & Loss Account Statement
  • Balance Sheet
  • 1 Year Bank Account Statement
  • Professional Practice License (for doctors, consultants, etc.)
  • Registration Certificate of Establishment (for shops, factories, etc.)
  • Business Address Proof
• Non-Resident Indians (NRIs) Applicants:
  • Income Proof Documents
  • Property Papers:
    • Property Documents
    • Sale Deed
    • Stamped Agreement of Sale
    • Allotment Letter
    • No Objection Certificate or NOC
    • Possession Certificate
    • Land Tax Receipt
    • Construction Cost Estimate
    • Bank Account Statement of Payment Made to Seller or Builder
    • Payment Receipt of Payment Made to Seller or Builder
    • Share Certificate (for resale property)
    • Occupancy Certificate

Benefits of our Property Loan:

A property loan, also known as a mortgage loan, is a type of secured loan provided by financial institutions to individuals or businesses to purchase, construct, or renovate a property. The property itself serves as collateral for the loan, ensuring the lender's investment.

Unlock the Power of Property Loans

• Secured Loan: The loan is secured against the value of your property, reducing the risk for the lender and leading to lower interest rates.
• Loan Amount: Determined based on the property's value, allowing for higher loan amounts compared to personal loans or other unsecured loans.
• Flexible Tenure: Repayment period typically ranges from 5 to 20 years, allowing for lower monthly installments.
• Multipurpose: Loan amount can be used for various financial needs without restrictions.
• Improves Credit Scores: Successfully repaying the loan can positively impact your credit score, demonstrating responsible borrowing behavior.

Eligibility Criteria

• Nationality: You need to be a Citizen of India with documents to prove your claim.
• Occupation and Income: Your lender will require you to furnish details regarding your occupation and income to prove your professional and financial stability to determine your creditworthiness.
• Credit History: Your three-digit Credit Score, indicative of your track record in respect of repayment of loans, and other forms of credit will be a deciding factor to prove your eligibility for a LAP.
• Banking Relationship: Should you have a healthy relationship with your lender, you will not be disapproved for a LAP. Additionally, your lender will offer you better terms and conditions in respect of loan value, interest rates, period of the loan, hidden charges, and processing fees.
• Market Value of Property: Your lender retains the right to decide the loan amount and terms and conditions of your mortgage loan based on the market value of your collateral property. Besides, the market value of the mortgaged property must be higher than the loan amount calculated on the current value of your property.
• Title of Property: Your lender will require you to be the current existent owner of the property, and in case of a co-application, you will require to prove multiple ownership clear title. Besides, the property must not be mortgaged with any other financial institution.

Documents required to apply

• Proof of Identity/Residence
• Proof of Income
• Property-related Documents(Legal Documents)
• Proof of Business (for self-employed)
• Account Statement for the last 6 months

Balance Sheet Transfer (BST) Loan:

A Balance Sheet Transfer loan is a type of loan where an existing loan is transferred from one lender to another. This transfer allows borrowers to take advantage of better interest rates, lower EMIs, or improved loan terms offered by the new lender.

Benefits of our Balance Sheet Transfer (BST) Loan:

• Lower Interest Rates: Borrowers can benefit from lower interest rates offered by the new lender.
• Reduced EMIs: Lower interest rates can lead to reduced EMIs, making loan repayment more manageable.
• Improved Loan Terms: Borrowers may be able to negotiate better loan terms, such as longer repayment periods or lower processing fees.

Balance Sheet Topup Loan:

A Top-up loan is an additional loan amount sanctioned to an existing borrower, on top of their existing loan. This additional loan amount can be used for various purposes, such as home renovation, debt consolidation, or funding business expansion.

Benefits of our Balance Sheet Topup Loan:

• Additional Funding: Borrowers can access additional funds without having to apply for a new loan.
• Convenience: Top-up loans often have a simpler application process, as the lender already has the borrower's credit history and financial information.
• Flexible Repayment: Repayment terms for top-up loans can be flexible, allowing borrowers to manage their finances effectively.

Eligibility Criteria

• Balance Transfer Loan Eligibility
  • Age: Typically 21-65 years, depending on the lender and loan type
  • Credit Score: 650 or above, reflecting strong creditworthiness
  • Clean Repayment History: No missed EMI payments or defaults on current loans
  • Income Stability: Stable income source, meeting the lender's minimum requirements
  • Outstanding Loan Amount: Within the lender's specified range for balance transfers
  • Employment and Work Experience: Steady job or stable business income with sufficient documentation
• Top-up Loan Eligibility
  • Existing Loan: Typically requires an existing home loan or other specified loan types
  • Age: 18-70 years, depending on the lender and loan terms
  • Income: Stable income source, with documentation such as salary slips or ITRs
  • Credit Score: Good credit score, though specific requirements may vary
  • Loan Tenure: Up to 15 years, depending on the lender and borrower's age
  • Loan Amount: Based on the borrower's eligibility, income, and repayment capacity

Documents required to apply

• Transfer Loan Documents:
• KYC Documents:
  • PAN Card
  • Aadhaar Card
  • Passport
  • Voter ID
  • Driving License
• Income Proof:
  • Salaried:
    • Latest salary slips
    • Form 16
    • Bank statements
  • Self-Employed:
    • Income Tax Returns
    • Profit & Loss Statement
    • Audited Balance Sheet
• Property Documents:
  • Sale Deed
  • Title Deed
  • Approved Building Plan
  • Property Tax Receipts
• Existing Loan Statement: Outstanding loan statement from the existing lender
• List of Documents: Document list from the current lender confirming submitted property/legal papers

• Topup Loan Documents:
• KYC Documents:
  • Aadhaar Card
  • Voter ID Card
  • Passport
  • Driving Licence
• Income Proof:
  • Salaried:
    • Latest salary slips
    • Bank account statements
  • Self-Employed:
    • Latest Profit & Loss statements
    • ITR
    • Proof of business vintage
• Recent Passport-Sized Photographs
• Existing Loan Details: Details of the existing loan, including loan amount, interest rate, and repayment tenure

Benefits of our MSME Loan:

A Micro, Small, and Medium Enterprise (MSME) loan is a type of financial assistance provided to small businesses, entrepreneurs, and industries to support their growth, expansion, and development. MSME loans cater to the unique needs of small businesses, offering flexible repayment terms, competitive interest rates, and minimal documentation.

Unlock the Power of MSME Loans

• Flexible Loan Amounts: MSME loans offer varying loan amounts, from a few lakhs to several crores, depending on the business needs.
• Competitive Interest Rates: Interest rates for MSME loans are often lower compared to other types of loans, making them an attractive option.
• Minimal Documentation: MSME loans typically require minimal documentation, streamlining the application process.
• Flexible Repayment Terms: Repayment terms for MSME loans can be tailored to suit the business's cash flow and financial situation.

Eligibility Criteria

• Business Type: Various types of businesses, including sole proprietorships, partnerships, limited liability companies, corporations, and more.
• Credit Score: A good credit score, typically 650 or above.
• Business Age: Minimum operational history of 1-3 years.
• Annual Revenue: Minimum annual revenue requirement, typically defined by the lender.
• Collateral: Secured loans may require assets as collateral, such as real estate, equipment, or inventory.
• Cash Flow: Lenders evaluate business cash flow to determine repayment ability.
• Age Criteria: Minimum 21 years at the time of loan application and maximum 65 years at the time of loan maturity.
• Eligible Entities: Individuals, MSMEs, sole proprietorships, partnership firms, public and private limited companies, and more.
• Business Vintage: Minimum 1 year or above.
• Business Experience: Minimum 1 year, with business location remaining the same.
• Annual Turnover: Defined by the lender, varies from bank to bank.
• Nationality: Indian citizens.
• Additional Criteria: Applicants must own a residence, office, shop, or godown.

Documents required to apply

• Identity Proof:
  • PAN Card
  • Aadhaar Card
  • Passport
  • Driving License
  • Voter ID Card
• Business Proof:
  • Business Registration Certificate (e.g., Udyam Registration, MSME Registration)
  • GST Registration Certificate
  • Certificate of Incorporation (for companies)
  • Partnership Deed (for partnership firms)
• Financial Documents:
  • Balance Sheets
  • Profit and Loss Statements
  • Income Tax Returns
  • Bank Statements (last 6-12 months)
  • Audited Financial Statements (for larger loans)
• Address Proof:
  • Aadhaar Card
  • Passport
  • Utility Bills (electricity, water, gas)
  • Rent Agreement or Property Documents
• Other Documents:
  • Business Plan or Proposal
  • Loan Application Form
  • Photographs
  • Signatures of authorized signatories
• Additional Documents (if applicable):
  • Collateral documents (e.g., property deeds, vehicle documents)
  • Insurance documents (e.g., life insurance, business insurance)
  • Industry-specific licenses or certifications

Benefits of our Vehicle Loan:

A vehicle loan, also known as an auto loan, is a type of secured loan provided by financial institutions to individuals or businesses to purchase a vehicle, such as a car, bike, or commercial vehicle. The vehicle itself serves as collateral for the loan, ensuring the lender's investment.

Unlock the Power of Vehicle Loans

• Access to Immediate Funds
• Flexible Loan Tenures
• Fixed Interest Rates
• Customized Loan Amounts
• Convenient Monthly Repayments
• Potential Tax Benefits
• Option for New and Used Cars
• Ownership from Day One
• No Need for Full Upfront Payment
• Improve Credit Score through Timely Payments

Eligibility Criteria

Car Loan Eligibility Criteria for Top Banks

Car loan eligibility criteria vary from one bank to another, but generally include factors such as your age (usually 21 to 65 years), minimum income (often around INR 20,000 per month), and stable employment. A good credit score, usually 650 or above, is important. Some banks might require you to be a salaried employee or self-employed, while others could need you to have a certain work experience or business vintage. Banks also consider your existing debts and liabilities to ensure you can manage the loan. Checking with each bank directly or using their online eligibility calculators can provide precise criteria tailored to their policies.

Car Loan Eligibility for Salaried Individuals/Self-Employed Individuals

• For Salaried Individuals:
  • Age: 21-60 years (at the end of the loan tenure)
  • Work Experience: At least 2 years, with 1 year with the current employer
  • Minimum Income: Rs. 3,00,000 per year (including spouse/co-applicant's income)
• For Self-Employed Individuals:
  • Age: 21-65 years (at the end of the loan tenure)
  • Business Experience: At least 2 years
  • Minimum Income: Rs. 3,000,000 per year

Documents required to apply

• KYC documents (Valid Photo ID Proofs)
• PAN Card
• Last 2 years' ITR as proof of income
• Salary Slip (latest 3 months)
• Salary account statement (latest 6 months)
• Signature Verification Proof