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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...

Documentation

Loan Available for Every One of any( Public/private ) or any Government Department.

Documentation Valid As Address Proof: Ration Card,Electricity Bill,Mobile Bill,Land Line Bill,Passport,Water Bill, Gas Bill.

Documentation Valid For Id Proof:Pan Card,Voter Id Card,Driving License,Job Certificate,Collage Id Card.

Documentation For Business Loan:

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

Documentation For Home Loan:1. *ID Proof*: Aadhaar, PAN, Passport, or Driving License
2. *Income Proof*: Salary slips, Bank statements, or I-T returns
3. *Address Proof*: Utility bills, Rent agreement, or Property documents
4. *Property Documents*: Sale deed, Property tax receipts, etc.

Documentation For Doctor's Loan: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

Documentation For Property Loan: 1. *Project Report*: A detailed project report, including feasibility and financial projections.
2. *Financial Statements*: Audited financial statements of the business.
3. *ID and Address Proof*: Of promoters and directors.
4. *Collateral Documents*: Documents related to the security offered.
5. *Board Resolution*: Approving the loan and project, if applicable.

Documentation for Project Loan:1. *Project Report*: A detailed project report, including feasibility and financial projections.
2. *Financial Statements*: Audited financial statements of the business.
3. *ID and Address Proof*: Of promoters and directors.
4. *Collateral Documents*: Documents related to the security offered.
5. *Board Resolution*: Approving the loan and project, if applicable.

Charges:
1. *Processing Fees: 2 % On Total Amount Sanction 
2. *Prepayment Charges*: Check if there are any charges for prepaying the loan.
3. *Insurance*: Consider getting insurance to cover the loan in case of unforeseen events.



 

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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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