You are eligible for Business Loan if.
a)If you are running a business from last 3 years
b)If your turn-over is more than 1 crore
c)If you have average bank balance of 1 lac or
d)If you have taken Home loan or Mortgage loan before 1.5 years (15 months in case of car loan) and EMI is more than 50000

Processing fees for business loan is 1% to 4% depending upon the financial institution and customer profile.

3. Is there any pre-closure charge on business loan?

No. Generally, banks only lend 80% of the cost of your property. The rest 20% is to be borne by the loan borrower.

Yes. You can apply jointly in your and your spouse’s name. Both of your incomes will be considered for determination of loan quantum.

Yes. Home loans are offered under various sub-heads. Housing finance for renovation of property or construction of house is also offered by all major banks in the country.

The processing of the loans usually takes 10 to 15 working days once all the documents are submitted. It also depends upon your profile and documentation.

Residential, Commercial, Industrial property and Open plots are acceptable for Mortgage Loan.

Yes the property has to be insured against fire, flood, earthquakes and other appropriate hazards during the tenor of the loan.

Equated Monthly Instalments (EMIs) are the fixed amount paid towards the repayment of your personal loan. It consists of the principal that you have borrowed and the interest amount applicable on your loan. EMIs give you the benefit of paying back the loan amount in smaller, manageable instalments.

Yes, there are foreclosure and part-prepayment charges applicable on your personal loan. If you have surplus funds and want to part-prepay a portion of your loan, you will be charged 2% (plus taxes) on the part-payment amount as fees. You can part-prepay your personal loan only after you complete the payment of your first EMI. Your part-prepayment amount should be greater than one EMI.

If you want to foreclose your personal loan account, a foreclosure charge of 4% (plus taxes) on the outstanding amount is applicable.

The final amount of your personal loan depends on your eligibility and factors such as your CIBIL score, monthly income, employers and others.

A charge on the vehicle financed is noted with local Transport Authorities. Your spouse's guarantee, if his/her income has been considered for fixing the loan amount, would also be required. Some other security may also be required in certain cases.

We help to finance all makes of new cars, and second hand cars not more than five years old. Thus, you are free to choose any vehicle you want to own.

The minimum amount that you are expected to pay every month is the EMI. You can repay the car loan in upto 84 EMIs* (depends on the financial institution you get).
*estimated

An Education Loan also often called a student loan is an amount you can borrow from Banks/financial institutions towards paying for your academic fees or for that of your loved ones’. These are generally sought for higher education and/or specialized courses in esteemed institutes for located overseas or domestically.

The parent(s) or guardian of the student would be treated as a co-applicant of the student loan. His or her role would be, necessarily, like the primary debtor.

The eligibility criteria are as follows:

• The applicant and co-applicant should be over 18 years of age and citizen of India
• The student needs to have secured at least 50% marks during HSC and graduation
• The student needs to have obtained admission to career-oriented courses viz. Medicine, Engineering, Management, etc., either at the graduate or post-graduate level
• Secured admission in India or abroad from a recognized college/education institution through entrance test/merit based selection process post completion of HSC (10+2), is a must
• The co-applicant, i.e. parent(s) or guardian, need to have a regular source of income