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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...

Business Loan


What is a Business Loan?
A business loan is a type of loan designed for businesses to meet their financial needs, such as expansion, working capital, or equipment purchase.

 Features

1. *Flexible Loan Amount*: Get funding from ₹1 lakh to ₹1 crore or more, depending on your business needs.
2. *Repayment Tenure*: Repay the loan over 1-7 years, with some lenders offering longer tenures.
3. *Competitive Interest Rates*: Enjoy rates starting from 10% p.a. onwards, depending on your creditworthiness.
4. *Quick Disbursal*: Many lenders offer quick loan disbursal, often within 24-48 hours.

Eligibility

1. *Business Type*: Proprietorship, partnership, private limited, or public limited companies are eligible.
2. *Business Age*: Typically, 1-3 years of operation, though some lenders consider startups.
3. *Annual Turnover*: ₹10 lakhs to ₹1 crore or more, depending on the lender.
4. *Credit Score*: A good credit score (700+) improves your chances of approval

Documents Required

1. *Business Registration Documents*: GST registration, PAN, and incorporation documents
2. *Financial Statements*: Audited financial statements, I-T returns, and bank statements
3. *ID and Address Proof*: Of the business and promoters
4. *Business Plan*: A detailed business plan, including projections and financials

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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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