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Property Loan(Laxmi Narayan Finances)

What is a Property Loan? A property loan is a loan taken to purchase or construct a property, and you repay it in EMIs (Equated Monthly Installments) over a set period, usually 10-20 years. Features 1. *High Loan Amount*: Get funding for a significant portion of the property's value. 2. *Long Repayment Tenure*: Repay the loan over a long period, making EMIs manageable. 3. *Tax Benefits*: Claim tax deductions on the interest paid and principal repayment. 4. *Flexible Options*: Choose from fixed or floating interest rates, and customize your repayment schedule. Eligibility 1. *Age*: Typically, you should be between 21-60 years old. 2. *Income*: Show a stable income to prove you can repay the loan. 3. *Credit Score*: A good credit score (750+) will help you get a better interest rate. 4. *Property Value*: The loan amount depends on the property's value and your income. Documents Required 1. *ID Proof*: Aadhaar, PAN, Passport, or Driving License 2. *Income Proof*: Salary slips, Ban...

Doctor's Loan


What is a Doctors Loan?
A doctors loan is a type of loan designed specifically for medical professionals, including doctors, dentists, and specialists. These loans offer favorable terms and conditions to help doctors set up or expand their practices.

Features

1. *Higher Loan Amount*: Get funding up to ₹2 crores or more, depending on your qualifications and practice.
2. *Longer Repayment Tenure*: Repay the loan over 10-15 years, making EMIs manageable.
3. *Lower Interest Rates*: Enjoy competitive interest rates, often lower than regular personal loans.
4. *No Collateral*: Many lenders offer unsecured loans, so you don't need to pledge assets.
5. *Flexible Repayment Options*: Choose from various repayment schedules, including moratorium periods.

Eligibility

1. *MBBS/BDS/DMS/MD*: Must be a qualified doctor, dentist, or specialist with a recognized medical degree.
2. *Age*: Typically, 25-60 years old.
3. *Practice Experience*: Minimum 1-2 years of practice experience, though some lenders may consider fresh graduates.
4. *Income*: Show a stable income from your practice or salary.

Documents Required

1. *ID Proof*: Aadhaar, PAN, Passport, or Driving License
2. *Qualification Certificates*: MBBS/BDS/DMS/MD certificates
3. *Practice Registration*: Registration with the Medical Council of India or state medical council
4. *Income Proof*: I-T returns, bank statements, or practice income statements
5. *Address Proof*: Utility bills, rent agreement, or property documents

 

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Property Loan(Laxmi Narayan Finances)

What is a Property Loan? A property loan is a loan taken to purchase or construct a property, and you repay it in EMIs (Equated Monthly Installments) over a set period, usually 10-20 years. Features 1. *High Loan Amount*: Get funding for a significant portion of the property's value. 2. *Long Repayment Tenure*: Repay the loan over a long period, making EMIs manageable. 3. *Tax Benefits*: Claim tax deductions on the interest paid and principal repayment. 4. *Flexible Options*: Choose from fixed or floating interest rates, and customize your repayment schedule. Eligibility 1. *Age*: Typically, you should be between 21-60 years old. 2. *Income*: Show a stable income to prove you can repay the loan. 3. *Credit Score*: A good credit score (750+) will help you get a better interest rate. 4. *Property Value*: The loan amount depends on the property's value and your income. Documents Required 1. *ID Proof*: Aadhaar, PAN, Passport, or Driving License 2. *Income Proof*: Salary slips, Ban...
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Project Loan

What is a Project Loan? A project loan is a type of loan given to businesses or individuals to finance a specific project, like construction, expansion, or modernization. The loan is repaid from the project's cash flows. Features 1. *Large Ticket Size*: Project loans are typically large, catering to big projects. 2. *Long Tenure*: Repayment tenure can be long, aligned with the project's cash flow generation. 3. *Customized Repayment*: Repayment schedules are often tailored to the project's cash flow. 4. *Interest Rates*: Rates may be competitive, depending on the borrower's creditworthiness. Eligibility 1. *Business Entity*: Typically, companies, partnerships, or proprietorships are eligible. 2. *Project Viability*: The project should be viable and have good growth prospects. 3. *Creditworthiness*: The borrower's credit history and financial health are assessed. 4. *Collateral*: Security, like property or assets, may be required. Documents Required 1. *Project Repor...
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