FAQ

FAQ

Frequently Asked Questions

What are the documents required for a Loan?

We ask for minimal documents in order to process your  Loan:

  • Application form
  • KYC documents of the company including  Registration of Incorporation Or Partnership deed Or Memorandum & Articles of Association.
  • KYC documents of the business owners or Directors.
  • Balance sheet and Profit & Loss accounts for the last one/two/three years
  • Income Tax Returns for the last two/three years
  • Bank statements
  • GST returns 
  • Project report detailing how the Business Loan will be used.
How to apply for a Loan?

You can run your business without any disruptions by just completing a simple and secure form which takes less than 10 minutes. Then send the necessary documents and your loan will be approved within few days.

Online

Apply online through our website through Contact Us Page.

Phone

Our customer support team is happy to help you, call us on customer care number at +918799706544 from 9 am to 8 pm Monday to Saturday. You can request a call back too.

 

How much EMI do I need to pay?

Your EMI depends on the loan amount and applicable rate of interest.

What percentage of property value can be funded?

We can fund up to 95% of the property value.

Is my CIBIL score checked as a part of processing of loan in each and every case?

No, the CIBIL score is not necessary checked the loan is given on the basis of  Collateral.

Can I get a Business Loan without collateral?

Yes

Why is my CIBIL Score important for getting my loan sanctioned?

The CIBIL Score plays a critical role in the loan application process. After an applicant fills out the application form and hands it over to the lender, the lender first checks the CIBIL Score and Report of the applicant. If the CIBIL Score is low, the lender may not even consider the application further and reject it at that point. If the CIBIL Score is high, the lender will look into the application and consider other details to determine if the applicant is credit-worthy. The CIBIL Score works as a first impression for the lender, the higher the score, the better are your chances of the loan being reviewed and approved. The decision to lend is solely dependent on the lender and CIBIL does not in any manner decide if the loan/credit card should be sanctioned or not.

Am I eligible for Loan?

Any Indian Citizen can get Loan.

You are eligible for a Loan if you:

  • Have business that shows a profit for the last three consecutive financial years
  • Have business that shows an upward turnover trend
  • Are able to show balance sheet that is audited by a registered Chartered Accountant.
  • Have Good Salary credited in there Account.
  • Have Collateral for LAP.
  • Planning for New Home or Business.
Who all are eligible to avail Loan against Property?

Below mentioned are eligible to avail loan against property :

  • Resident citizens of India
  • Hindu Undivided Family (HUF)
  • Sole Proprietorships, Partnership Firms,
  • Associations
  • Trusts
Can I Ask You for Advice?

You can call or mail. Its Totally Free.