Loans

Loans

1. What must be designation to obtain the bank loan?
  • You must be working is software, Hardware and information technology area
  • Must work in Government office
  • Or else you must in private Ltd co. where PF & Salary slip facilities are there.
  • The business people can apply for loan with the last 3 years IT papers
2. What must be my minimum amount of salary?
  • Your minimum amount of salary must be Rs.8500/- and above it.
3. What will be my loan amount for my salary?

Salary Amount Loan Amount
Rs. 8,000/- 3.3 lakh
Rs.10,000/- 5.0 lakh
Rs.15,000/- 7.5 lakh
Rs.20,000/- 10.0 lakh
Rs.30,000/- 15.0 lakh
Rs.40,000/- 20.0 lakh
Rs.50,000/- 25.0 lakh
Rs.75,000/- 37.5 lakh
Rs.1,00,000/- 50.0 lakh

4. How many days will loan processing will go on?
  • The papers needed for the loan from your side, must be properly provided and after it within 5-7 days it will be completed
5. What are the papers needed for the loan from our side?
  • Photo
  • Payslip with Attest By Employee for 3 months
  • Employer Letter
  • Form-16 / Appointment Letter
  • BankStatement for last 6 months
  • A Cheque Leaf for Proceesing Fee
  • Resume (Previous Employment details)
  • Identity Proof
  • Age Proof
  • Address Proof

Non-Resident Indian / PIO

  • Photo
  • Employment Contract / Appointment Letter
  • Overseas Bank statement for 6 Months
  • NRE / NRO Bank Statement for 6 Months
  • Resume
  • Visa Stamped on Passport
  • Latest Credit Burezu report
  • Continuous Discharge Certificate (CDC) for Applicants employed in the Merchant navy
  • Power Of Attorney
  • A Cheque Leaf for Processing Fees
6. How much will be the EMI for my loan amount of Rs.1,00,000/- ?
  • If the loan is for 15 years. The EMI will be Rs.999/- of your amount of Rs.1,00,000/-. (Approximately).
7. What will be the interest for the loan now days?
  • Rate of interest will be 8.75% for the loan amount.
8. If part of the loan amount is paid in between whether interest amount will be reduced or not?
  • Yes, the interest amount will be reduced. According you pay the loan amount.
9. Whether the loan can be processed in the another Name than the property person name?
  • Yes, it can be done but the person must be working one.
10.If, I am in abroad and unable to come whether I can get loan amount?
  • Yes, this process can be done by the details about you through e-mail and get papers signed thoroughly carries.