F.A.Q


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Home Loan eligibility is mainly dependent on your income, tenure of the loan and existing obligations if any. The banks/ NBFC’s will also look into your credit history to ascertain that you are capable of paying the EMI’s and servicing the loan. Usually home loan eligibility is calculated at 85% of your monthly income. You can check your eligibility here

We are constantly trying to bring you the best rates possible from the various banks and NBFC’s. Every detail is checked and verified internally to arrive at the best fit lender for your needs, so that rejections are almost nil. Since we are neutral platform, we do not push nor promote any lender. Only the best deals basis your eligibility is presented to you for further processing. Moreover, all the services are completely free of cost to you.

There are two components to tax benefits on home loans- on the principal and on the interest Interest payment You can claim benefits under Section 24 on the interest paid for the home loan. The maximum tax deduction allowed for a self occupied property is 2 lakhs. Principal payment You can claim benefits under Section 80C. The maximum tax deduction allowed is 1.5 lakhs.

A pre-approved loan is an in-principle sanction from your lender after assessing your borrowing power and credentials. It is a confirmation from the bank that you are in fact eligible for borrowing a certain sum of money. The advantages are that you can now carry on with your house hunting in peace knowing exactly what you can afford and what falls within your budget. It also can lead to a quicker disbursal since you already have an in-principle approval.

On an average, loans can take upto 3-10 days after all the necessary documentation has been completed.

A long tenure equals lower EMI outflow. But longer tenure makes the loan more expensive owing to payment of larger net interest towards the loan. Shorter tenures mean you can repay the loan faster, but the EMI is comparatively higher.

The property being purchased become the collateral and is mortgaged to the lender for the entire tenure of the loan or till the loan is repaid.

  • Income/ Other Income.
  • Age.
  • Qualification.
  • Property value
  • No of dependents.
  • Bank Balance.
  • Assets/Liabilities.

You can avail of Loan against Property against Residential & Commercial Property for either your personal or business activities other than speculative or non prohibitive activities.. You can check your eligibility here

We are constantly trying to bring you the best rates possible from the various banks and NBFC’s. Every detail is checked and verified internally to arrive at the best fit lender for your needs, so that rejections are almost nil. Since we are neutral platform, we do not push nor promote any lender. Only the best deals basis your eligibility is presented to you for further processing. Moreover, all the services are completely free of cost to you.

You can include your spouse as a co-applicant for the Loan. His / her income can be added to enhance the loan amount. However all co-owners of the property should necessarily be the co-applicant.

Processing fee for loan against any property varies from bank to bank and is generally around 1 percent.

Interest is calculated on daily reducing balance. Your monthly out-go (equated monthly installment – EMI) is much lower as compared to the interest on annual reducing balance.

You repay the loan in Equated Monthly Installments (EMIs) comprising principal and interest. Repayment by way of EMI commences from the month following the month in which you take full disbursement.

Yes. Prepayment is possible and there is no prepayment fee if you repay the loan after six months of availing the loan if you pay from your own source of funds without transferring the loan.

The repayment capacity of the applicant(s) based on Resident status is reassessed and a revised repayment schedule worked out. The new rate of interest will be as per the currently applicable rate of Resident Indian loans (for that specific loan product). This revised rate of interest would be applicable on the outstanding balance being converted. A letter is given to the customer confirming the change of status.

Working capital loans is applicable for Small, Medium enterprises to augment their working capital requirement as well as meet their daily operational expenditure. You can check your eligibility here

We are constantly trying to bring you the best rates possible from the various banks and NBFC’s. Every detail is checked and verified internally to arrive at the best fit lender for your needs, so that rejections are almost nil. Since we are neutral platform, we do not push nor promote any lender. Only the best deals basis your eligibility is presented to you for further processing. Moreover, all the services are completely free of cost to you.

An overdraft limit is usually given against stock and book debts. It is given as a limit in your cash credit account and can be drawn and repaid depending on your cash flow needs.

The overdraft facility can be and should be used only for working capital requirements like payment to debtors or towards inventory or expense. It should not be used to buy Capital assets and make long-term investment in assets, for which a term loan may be used.

Typically it takes between 7 to 20 working days after full documents are submitted.

Cash credit/Working Capital Demand Loan/Non-funded facilities are renewed annually. Term loans are given for up to 5 years and are reviewed annually.

The minimum amount is ` 3,00,000. The maximum amount is ` 25,00,00,000. However, lenders may be willing to lend higher amounts to deserving companies.

Interest rate is between 12-16% depending on the profile of borrower.

  • All entities engaged in manufacturing, service or trade segment as below are eligible for a Working Capital Loan:
  • Sole Proprietorship Firms
  • Partnership Firms
  • Private Limited Companies
  • Trusts and Societies
  • Public Limited Companies.

Money is the life blood of every organization. There is a huge amount of working capital required to start up a new business and for the rapid growth of existing successful business. You can check your eligibility here

We are constantly trying to bring you the best rates possible from the various banks and NBFC’s. Every detail is checked and verified internally to arrive at the best fit lender for your needs, so that rejections are almost nil. Since we are neutral platform, we do not push nor promote any lender. Only the best deals basis your eligibility is presented to you for further processing. Moreover, all the services are completely free of cost to you.

  • Self Employed Individuals/Professionals.
  • Sole Proprietorship Firms
  • Partnership Firms
  • Private Limited Companies

  • Minimum Age (24 Years)
  • Maximum Age (65 Years)
  • Current Business Exp. (Min.3 Years)
  • Total Business Exp. (Min 5 Years)
  • Minimum Annual Income: Rs.1,50,000 p.a.(For working professional Rs.1,00,000 p.a.)

  • Identity Proof
  • Address Proof
  • Bank Statement (Latest 6 months)
  • Total Business Exp. (Min 5 Years)
  • Latest ITR along with other relevant docs like Balance Sheet, P&L, Audit Report (Certified by a CA)

Credit history plays a significant role in your loan approval process. The Credit Bureau of India Limited (CIBIL) is the central bank of data that records your repayment history of credit card bills and loans. Before approving your loan, the lender cross checks your repayment track record. A good CIBIL score help you fetch higher loan amount at lower interest rate.

Business loans range from min. of 1 year up to a max of 4 years.

The processing of the loans usually takes 4 working days after all the documents are submitted.

Personal loan is a loan offered by a bank or financial institution whenever you are in urgent need of money. It requires minimal documentation and offers prompt clearance in about 5-7 days. You can check your eligibility here

We are constantly trying to bring you the best rates possible from the various banks and NBFC’s. Every detail is checked and verified internally to arrive at the best fit lender for your needs, so that rejections are almost nil. Since we are neutral platform, we do not push nor promote any lender. Only the best deals basis your eligibility is presented to you for further processing. Moreover, all the services are completely free of cost to you.

You are just required to have a regular source of income to avail personal loan whether you are a salaried individual, self-employed business person or professional. A person's eligibility is also affected by the company he is employed in, his credit history, and your residence's location. You can check your eligibility here

For the amount of personal loan in case of salaried people, bank/financial institution takes care that the EMI does not exceed 30—40 percent of your take home salary. Here the existing EMIs are also being considered. And, for the self employed, the loan value is determined on the basis of the profit earned.

As the name implies, Reducing Balance Interest Rate needs the borrower to pay interest only on the remaining loan balance, i.e. the balance that remains outstanding after getting reduced by the principal repayment. Flat Interest Rate is wherein the borrower needs to pay interest on the entire loan balance throughout the loan term. Thus, the interest payable does not decrease even as the borrower makes the periodic payments (EMIs).

Credit history plays a significant role in your loan approval process. The Credit Bureau of India Limited (CIBIL) is the central bank of data that records your repayment history of credit card bills and loans. Before approving your loan, the lender cross checks your repayment track record. A good CIBIL score help you fetch higher loan amount at lower interest rate.

In addition to EMI there are two types of charges paid when going for personal loan – once when applying for the loan (Processing fees) and second when pre-closing the loan. These charges vary from 2 to 3% of the loan amount.

The loan can be repaid in form of Equated Monthly Installment (EMI) via post-dated checks in name of the bank or through Electronic Clearing Services (ECS).

This type of loan is generally available to individuals who own a property that has been rented out to blue chip companies, multinational companies and public sector companies. However, certain banks offer this loan only to those individuals who own commercial property. Before offering this loan, the banks will take care to ensure that he following conditions have been met: The property has been rented out. The property has been built according to the plan approved by the local government authorities. There is a confirmed lease agreement between you and your tenant. You and your tenant are worthy of giving credit. You can check your eligibility here

We are constantly trying to bring you the best rates possible from the various banks and NBFC’s. Every detail is checked and verified internally to arrive at the best fit lender for your needs, so that rejections are almost nil. Since we are neutral platform, we do not push nor promote any lender. Only the best deals basis your eligibility is presented to you for further processing. Moreover, all the services are completely free of cost to you.

  • Proof of Residence - Any one of Ration Card / Telephone Bill / Electricity Bill / Voters Card.
  • Proof of Identity - Any one of Voters Card / Drivers License / Employers Card.
  • Latest Bank Statement / Passbook (where rentals are credited for past 12 months).
  • Copy of current Lease Agreement.
  • Copies of all Property Documents.

A Loan Against Rent Receivables can be extended up to a maximum of 50%* of market value of your property. However this dependent on Net Rentals, balance tenure & other parameters.

On an average, loans can take upto 3-10 days after all the necessary documentation has been completed.

A long tenure equals lower EMI outflow. But longer tenure makes the loan more expensive owing to payment of larger net interest towards the loan. Shorter tenures mean you can repay the loan faster, but the EMI is comparatively higher.

The property being purchased become the collateral and is mortgaged to the lender for the entire tenure of the loan or till the loan is repaid.

  • Income/ Other Income.
  • Age.
  • Qualification.
  • Property value
  • No of dependents.
  • Bank Balance.
  • Assets/Liabilities.