Home Loan
Why Home Loans?
To own a home is everyone's dream. From a single room to multi-storeyed apartments, private villas, holiday homes, second homes - the Housing market is well developed in most towns.
Home loans help you realize your own home dream, even when you are young. We help you plan your dream home as you start your working life, by offering various options of easy installments, Income Tax benefits and more . . .
Get loan for:
• purchase of residential Plot/House/Flat
• Construction of Residential House/Flat
• Renovation/Extension/Repairs to Residential House/Flat
• Take over of housing loans from other financial institution
Get Loan against Liquid Security such as:
• Life Insurance Policies
• Post Office Instruments
• Fixed Deposits with Nationalised Banks
Who can avail of this plan:
• Salaried Group (State / Central / Semi-Central / Public Limited / Private Limited / Corporations)
• Self employed persons
• Professionals
Why buy from us?
We operate in the Financial Services industry with you as the center of focus. We provide complete, holistic financial solutions to meet all your financial needs. We ensure well-trained, professional financial planners at your service, as well as provide you with personal finance education and Win Win Consult tools, to help you make the right decisions for your secure future.
Business Loan
Business loans are available to self employed professionals, firms and corporations, to meet their operating expenses, finance capital expenditure (or acquisition of fixed assets) towards starting or expanding a business. Even industrial units are given business loans, to swap existing high-cost debt from other bank / financial institution. Apart from providing funding, bank can also issue letters of credit or give a guarantee, on behalf of the customer, to the suppliers and even government departments, for the procurement of goods and services on credit.
The maximum amount of business loan that can be sanctioned varies from bank to bank. However, the minimum loan amount is Rs. 25000 and maximum loan tenure is 5 years. Generally, no security is required for business credit up to a certain limit. For business loans above the limit, banks usually require a collateral security or a percentage of business loans as margin, in the form of fixed deposit with the bank. Business loans are similar to an overdraft and are available like a limit on current account. In this case, the interest is charged only on the actual amount utilized, rather the entire amount of loan.
Personal Loan
Personal loan is a lump sum amount that you take either from a bank or building society or another lender. Such loans help you to take care of your immediate requirements without much of a hassle. In fact, personal loan is one of the quickest ways of borrowing money. Also, no questions regarding the end use of the loan are asked. You can use the loan amount for any purpose such as home renovation, marriage expenses, medical expenses, holidays, consumer durables, higher education etc. While applying for the loan, the lender usually conducts a credit worthiness check, before giving the loan. Personal loans are repayable in equal monthly installments (EMIs) and the loan tenure varies from 1 to 5 years.
The maximum amount of personal loan for which you are eligible depends upon your take-home salary. The exact loan amount depends on your eligibility and takes into account many other things as well, like your credit rating, job security, residential location and the ability to repay the loan amount in time. You can also apply jointly with a co-applicant, say your spouse for personal loan. This allows you to increase your loan eligibility, as the income of your spouse is also added to your income, for the purpose of calculating the total loan amount. The loan range in case of personal loan is Rs. 50,000 to Rs. 20, 00,000.
Mortgages
A )Loan against Mortgage of:
• Residential House / Flat
B ) Loan against Mortgage of Residential Home / Flat and rent receivables for the unexpired Period of Lease specified in the Lease Agreement:
• Residential House / Flat
• Commercial Property
Who can avail of this plan:
• Salaried Group (State / Central / Semi-Central / Public Limited / Private Limited / Corporations)
• Self employed persons
• Professionals
Meet needs .. Both personal or business like..
• Children’s Education
• Marriage
• Foreign Travel
• Purchase of another property
• Business Expansion
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