Avoid Going overboard on loan against Securities

Prepaying the loan whenever the borrower has the extra funds is good ideas they do not carry prepayment charge.

  • Instead of liquidating the assets in an emergency to arrange money, the borrower can take a loan against qualified financial instruments at attractive interest rates.
  • Interest rate of loan against securities (LAS) varies, depending on the instrument pledged.
  • The borrower can pledge stocks, mutual funds units (equity as well as debt), insurance policies and bonds.
  • Lenders have their own lists of priorities that are acceptable. In mutual funds, for example, lenders may accept units of select fund houses. Most banks and non-banking financial companies (NBFCs) have a significant list of stocks against which they are willing to lend.
  • LAS comes with lower interest rates compared to a personal loan, has flexible repayment options, and low processing fees. While pledged, the securities continue to accumulate dividends, bonuses, interest etc.
  • Usually, lenders require borrowers to service the interest cost each month. The principal component can be repaid according to the borrower’s convenience, without incurring prepayment/foreclosure charges.
  • While there are no prepayment or foreclosure charges, there could be overdraft maintenance fee, stamp duty on the loan agreement, pledge creation fee, de-pledging fee, annual maintenance charges, processing charges etc.
Lender Interest Rate (%) Processing Fee
Axis Bank 10.5 – 12.75 0.15%
Canara Bank 15.05 .1%
UCO Bank 11.90 INR 250
Federal Bank 12.50-13.00 0.15%
Karur Vysya Bank 11.05 INR 500
Allahabad Bank 11.55 .53%
Oriental Bank of Commerce 10.65 Minimum INR 50
IIFL 12.00 – 18.00 .25 – 1%
Yes Bank 9.70 – 14.70 0.5% of the limit set
Tata Capital 10.50 onwards Up to 1%
Bajaj Finserv 9.50 – 12.00 0.1 – 1%
Indian Bank 11.15 0.31%
Lakshmi Vilas Bank 11.60 0.25%

 

For further query you can connect with RD Finance Services.

Greetings from “RD Finance Services” 

RD Finance Services Deal in all type of loans

  • Loan against property (LAP),
  • Project Funding
  • Business Loan,
  • Overdraft- Cash Credit,
  • Loan against Rental Discounting,
  • Home Loan,
  • Personal Loan,
  • Un-secured Loan.

For more information, you can reach to me via @ or call @https://rdfinanceservices.wordpress.com/9891235790 or connect via email  @delhireal009@gmail.com.

Now getting a loan is very quick and simple, just fill this 4 step application form fill it and revert back and RD Finance Team is there to help you out.

https://docs.google.com/forms/ d/e/ 1FAIpQLScLDS4kl02Dpl2bkGTpHjQy Fa8krvUFzfn1a9o7aQdPUL0hOA/ viewform?usp=sf_link

Thank you for continued patronage!

Best regards,

Rajesh Kumar

Mob.no. 9891235790

Email Id: delhireal009@gmail.com

Advertisements

Loans against Warehouse Receipts (WHR)

  • Primary- Pledge of stocks.
  • Collateral: No collateral is required for loans upto the maximum permitted limit of INR 10 Lakhs under the scheme.
  • Repayment: Within 12 months depending on the crop scheme for loans to Agri-clinics/ Agri Business Centers.
  • Eligibility: Agricultural graduates/ graduates in subjects allied to agriculture like horticulture, animal husbandry, forestry, dairy, veterinary, poultry, pisciculture and other activities.
  • Ventures:
  1. Soil and water quality cum inputs testing laboratories.
  2. Post surveillance, diagnostic and control services.
  3. Maintenance, repairs and custom-hiring of agricultural implements & machinery of Micro irrigation system.
  4. Agri service enters including the above 3 activities (group activities).
  5. Seed Processing units.
  6. Micro propagation through plant tissue culture lab& hardening units.
  7. Setting up of vermiculture units, production of Bio-Fertilisers, Bio-Pesticides (Bio control agents).
  8. Setting up apiary (bee-keeping) & Honey, Bee Products, processing of units.
  9. Facilitation and agency of Agri, Insurance Services.
  10. Provision of extension, consultancy services.
  11. Hatcheries and production of fish-fingerlings for Aquaculture.
  12. Provision of livestock health cover, setting up veterinary dispensaries & services including frozen, Semen Banks & Liquid nitrogen supply.
  13. Setting up of information technology kiosks in rural areas for access to various agricultural related portals.
  14. Food processing and testing units.
  15. Value addition units.
  16. Setting up of cool chain from the farm level onwards (group activity).
  17. Post harvest management centers for sorting, grading, standardization, storage and packaging.
  18. Setting up of metallic/ non-metallic storage structure (Group Act).
  19. Retail marketing outlets for processed Agri products.
  20. Rural marketing dealership of farm inputs and outputs. Any combination of 2 or more above viable activities along with any other economically viable activities selected by the graduates, which is acceptable to the bank.

 

  • Loan Amount: Individual Activity- INR 10 lakh; Group Activity- INR 50 Lakhs (maximum).

In case of group projects, if the group consists of 5 or more persons, all except one of them would have to be agriculture graduate trained under the scheme and the remaining could be non-agri graduate with experience in business development and management. Loan amounts for loans upto INR 5 Lakh 100%; Loans above INR 5 Lakh upto 85% of the cost.

  • Subsidy:

Credit linked capital subsidy @25% of the capital cost of the project fund funded through bank loan would be eligible. This subsidy would be 33.33% in respect of borrowers belonging to SC, ST, Women and other disadvantaged sections and those from North-Eastern and hill States. In addition to the above subsidy, full interest subsidy would be eligible for the first two years of the project. The capital subsidy will be back ended with minimum 3 years lock-in period. The interest subsidy would, however, be concurrent.

  • Security-

Upto INR 5 Lakhs- Hypothecation of assets created; above INR 5 Lakhs- Hypothecation of assets created and mortgage of land or third party guarantee.

  • Repayment-

Within 5-10 years with moratorium of 2 years.

 

For further query you can connect with RD Finance Services.

Greetings from “RD Finance Services” 

RD Finance Services Deal in all type of loans

  • Loan against property (LAP),
  • Project Funding
  • Business Loan,
  • Overdraft- Cash Credit,
  • Loan against Rental Discounting,
  • Home Loan,
  • Personal Loan,
  • Un-secured Loan.

For more information, you can reach to me via @ or call @https://rdfinanceservices.wordpress.com/9891235790 or connect via email  @delhireal009@gmail.com.

Now getting a loan is very quick and simple, just fill this 4 step application form fill it and revert back and RD Finance Team is there to help you out.

https://docs.google.com/forms/ d/e/ 1FAIpQLScLDS4kl02Dpl2bkGTpHjQy Fa8krvUFzfn1a9o7aQdPUL0hOA/ viewform?usp=sf_link

Thank you for continued patronage!

Best regards,

Rajesh Kumar

Mob.no. 9891235790

Email Id: delhireal009@gmail.com

Rental Income

Which covers even rental income received IN CASH ALSO

Targeted Segment:

▪Self Employed

▪Salaried

Loan Amount₹ 10-50 L

UNIQUE FEATURES

  • Repayment Tenure up to 20 Yrs.
  • Attractive ROI.
  • Can fund properties with 5years of legal clearance.
  • Can fund most of the self employed profiles.
  • LTV upto 80%.
  • Funding on Industrial/residential plots.
  • Minimum  documentation required.
  • Funding on basements also.
  • Commercial Purchase.
  • Attractive payouts for channel partners
  • No ITR or GST mandatory.
  • Current account not mandatory.
  • Lease hold properties without PTM can be considered.

 

Eligibility calculation-

 

  • Twice of Average bank balance of last 6 months is considered as the EMI paying capacity of the customer.
  • Can club up to 3 banking of Applicant and co applicant.

For further query you can connect with RD Finance Services.

Greetings from “RD Finance Services” 

RD Finance Services Deal in all type of loans

  • Loan against property (LAP),
  • Project Funding
  • Business Loan,
  • Overdraft- Cash Credit,
  • Loan against Rental Discounting,
  • Home Loan,
  • Personal Loan,
  • Un-secured Loan.

For more information, you can reach to me via @ or call @https://rdfinanceservices.wordpress.com/9891235790 or connect via email  @delhireal009@gmail.com.

Now getting a loan is very quick and simple, just fill this 4 step application form fill it and revert back and RD Finance Team is there to help you out.

https://docs.google.com/forms/ d/e/ 1FAIpQLScLDS4kl02Dpl2bkGTpHjQy Fa8krvUFzfn1a9o7aQdPUL0hOA/ viewform?usp=sf_link

Thank you for continued patronage!

Best regards,

Rajesh Kumar

Mob.no. 9891235790

Email Id: delhireal009@gmail.com

The Best interest Rate

Now a days it has been well observed that many lenders now a day’s waive the processing fee on home loan transfers.

  • Every six months home loan borrowers should compare the interest rate on their own loan with the best rates available in the market.
  • If the difference is 50 basis points or more, they should consider shifting.
  • Many lenders waive the processing fee for customers who are transferring their loans from another lender.
  • The most significant cost involved in transferring is the stamp duty, which in a city like Mumbai is .2 percent of loan value.
  • Many customers are still on home loans linked to the base rate, an older benchmark.
  • Such customers would be paying higher rate of interest. They need to shift to an MCLR or repo rate –linked loan immediately.
  • Borrowers should select home loan tenures carefully.
  • A longer tenure reduces the EMI burden but increases the total interest outgo.
  • An INR 50 Lakh loan taken at an interest rate of 8.35 percent for 20 years will mean an EMI of INR 42,918. Total interest outgo will be INR 53,00,236.
  • If for the same loan the tenure is increased to 25 years, the EMI comes down to INR 39,757 but the total interest outgo rises to INR 69,27,159.
  • To reduce the interest outgo, borrowers should periodically prepay part of the loan amount, especially early in the loan tenure.
Lender Floating Interest Rate (%) EMI(INR) Processing Fee
State Bank of India 8.35 – 9.2 42,918 – 45,631 Up to 0.35% of Loan
Bank of Baroda 8.45 – 9.7 43,233 – 47,262 Up to 0.5% of Loan
United Bank of India 8.4 – 8.55 43,075 – 43,550 Up to INR 11,800
Canara Bank 8.5 – 8.75 43,391 – 44,186 INR 1,500 – 10,000
Union Bank of India 8.6 – 9.25 43,708 – 45,793 Up to 0.5% of Loan
Axis Bank 8.9 – 10.6 44,665 – 50,255 Up to 1% of Loan
ICICI Bank 8.7 – 9.3 44,026 – 45,955 Up to 0.5% of Loan
Citi Bank 9.35 – 10.35 46,118 – 49,416 Application fee: Up to INR 5,000

Booking Fee: Upto 0.4% of loan

Kotak Mahindra Bank 8.75 – 9.1 44,186 – 45,308 For salaried Individuals: Upto INR10,000

For Self employed: Up to 0.5%

HDFC Ltd. 8.4 – 9.35 43,075 – 46,118 Up to 1.50% of Loan
IIFL 10.25 onwards 49,082 onwards Up to 1.75% of Loan
LIC Housing 8.8 – 9.15 44,345- 45,470 As applicable from time to time
Indiabull Housing 8.8 -12 44,345 – 55,054 For loan Up to INR 30 Lakh: Upto INR 10,000

For loan above INR 30 Lakh : Up to 1%

For further query you can connect with RD Finance Services.

Greetings from “RD Finance Services” 

RD Finance Services Deal in all type of loans

  • Loan against property (LAP),
  • Project Funding
  • Business Loan,
  • Overdraft- Cash Credit,
  • Loan against Rental Discounting,
  • Home Loan,
  • Personal Loan,
  • Un-secured Loan.

For more information, you can reach to me via @ or call @https://rdfinanceservices.wordpress.com/9891235790 or connect via email  @delhireal009@gmail.com.

Now getting a loan is very quick and simple, just fill this 4 step application form fill it and revert back and RD Finance Team is there to help you out.

https://docs.google.com/forms/ d/e/ 1FAIpQLScLDS4kl02Dpl2bkGTpHjQy Fa8krvUFzfn1a9o7aQdPUL0hOA/ viewform?usp=sf_link

Thank you for continued patronage!

Best regards,

Rajesh Kumar

Mob.no. 9891235790

Email Id: delhireal009@gmail.com

Dairy Society

Purpose-

Bank finance dairy societies for modernization of the societies and for creating infrastructures like (i) Construction of milk house or society office (ii) Purchase of Automatic milk collection system (iii) Purchase of transport vehicles (iv) Purchase of Bulk chilling unit.

Eligibility-

‘A’ grade milk societies – Registered & affiliated to district milk union.

No adverse remarks in the audit report of previous 2 years. The society should be ‘Supplying 1000 lit/day to milk union and having audited balance sheet for at least previous 2 years and earning pre-tax profits for the last two years. In case of borrowing from other banks, if any prior liquidation and no due certificate are necessary and society should pass resolution as per bye laws and there should be power to borrower in the bye laws.

Loan Amount-

Up to 85% of the cost or four times the average profit of previous 2 years with a maximum of INR 10 Lakhs for Society office or milk  house INR 2 Lakhs; Automatic milk collection system INR 1 Lakh; Milk transportation INR 3 Lakhs and chilling unit INR 4 Lakhs.

Security-

Hypothecation of assets, mortgage of landed property and /or guarantee of milk unit.

Repayment-

In Five Years.

For further query you can connect with RD Finance Services.

Greetings from “RD Finance Services” 

RD Finance Services Deal in all type of loans

  • Loan against property (LAP),
  • Project Funding
  • Business Loan,
  • Overdraft- Cash Credit,
  • Loan against Rental Discounting,
  • Home Loan,
  • Personal Loan,
  • Un-secured Loan.

For more information, you can reach to me via @ or call @https://rdfinanceservices.wordpress.com/9891235790 or connect via email  @delhireal009@gmail.com.

Now getting a loan is very quick and simple, just fill this 4 step application form fill it and revert back and RD Finance Team is there to help you out.

https://docs.google.com/forms/ d/e/ 1FAIpQLScLDS4kl02Dpl2bkGTpHjQy Fa8krvUFzfn1a9o7aQdPUL0hOA/ viewform?usp=sf_link

Thank you for continued patronage!

Best regards,

Rajesh Kumar

Mob.no. 9891235790

Email Id: delhireal009@gmail.com

Strike a Balance between EMI & Tenure

One should avoid personal loans. But if taken out of necessity, get rid of them quickly.

  • With the Reserve Bank of India (RBI) reducing the risk weight on all categories of consumer loans from 125 percent to 100 percent, banks would be more willing to extend personal loans.
  • A recent survey by consumer finance firm Home Credit India showed that personal loans are the third most popular category of loans after consumer durable and two-wheeler loans.
  • Banks are nowadays willing to offer pre-approved personal loans, especially to their existing customers.
  • Fintech companies also offer such pre-approved loans based on the customer’s credit profile, income and stability of employment.
  • Before taking such loans a person should compare the interest rates charged by various players.
  • Remember that the total of borrower’s EMI should not exceed 40-45 percent of the take home salary.
  • Taking a longer tenure loan with lower EMI, but it will enhance the overall interest burden.

 

Lender Interest Rate (%) EMI (INR); loan Amount – 5 lakh, Tenure-5 years Loan Amount

(INR)

Processing Fee

(INR)

State Bank of India 10.90 – 15.30 10,846 – 11,974 25,000 – 20 Lakh Up to 1% of loan
Bank of Baroda 11.45 – 16.45 10,984 –  12,279 50,000 – 10 Lakh INR 1,000 -10,000
HDFC Bank 11.25 – 21.50 10,934 – 13,668 50,000 – 40 Lakh Up to 2.5% of loan
Citi Bank 10.99 – 14.75 10,869 – 11,829 25,000 – 30 Lakh Up to 3% of loan
UCO Bank 11.4 – 11.8 10,971 – 11,072 Up to 10 Lakh Up to 1% of loan
Oriental Bank of Commerce 10.9 – 12.4 10,846 – 11,224 Up to 10 Lakh Up to 1% of loan
Union Bank of India 10.5 – 14.5 10,747 – 11,764 Up to 15 Lakh Up to 0.5% of loan
Punjab National Bank 9.3 – 14.85 10,452 – 11,856 Up to 15 Lakh Up to 1.8% of loan
ICICI Bank 11.50 – 19.25 10,996 – 13,039 50,000 – 20 Lakh Up to 2.25% of loan
Kotak Mahindra Bank 10.5 – 16.99  10,747 – 12,424 50,000 – 15 Lakh Up to 2.5% of loan

 

For further query you can connect with RD Finance Services.

Greetings from “RD Finance Services” 

RD Finance Services Deal in all type of loans

  • Loan against property (LAP),
  • Project Funding
  • Business Loan,
  • Overdraft- Cash Credit,
  • Loan against Rental Discounting,
  • Home Loan,
  • Personal Loan,
  • Un-secured Loan.

For more information, you can reach to me via @ or call @https://rdfinanceservices.wordpress.com/9891235790 or connect via email  @delhireal009@gmail.com.

Now getting a loan is very quick and simple, just fill this 4 step application form fill it and revert back and RD Finance Team is there to help you out.

https://docs.google.com/forms/ d/e/ 1FAIpQLScLDS4kl02Dpl2bkGTpHjQy Fa8krvUFzfn1a9o7aQdPUL0hOA/ viewform?usp=sf_link

Thank you for continued patronage!

Best regards,

Rajesh Kumar

Mob.no. 9891235790

Email Id: delhireal009@gmail.com

Reverse Mortgage Loan for Welfare of Senior Citizens

Reverse Mortgage is a support for the senior citizens with inadequate income. The product helps them to meet their needs for renovation/repairs to house, medical and other personal purposes. The ownership remains with the borrower of the loan. The borrower could prepay the loan at any time without prepayment penalty.

  1. Objective of the Scheme-

To provide a source of additional income for senior citizen of India who own self-acquired and self-occupied house property in India.

 

  1. Eligibility-

No. of borrowers- Single or jointly with spouse in case of a living spouse;

Age of first borrower- Above 60 years;

Residence-

  • Borrower should be staying at self-acquired and self owned house/flat against which loan is being raised, as his permanent primary residence.
  • Mobile/Telephone/ Credit card bills/ Certificate from the Housing Society where the borrower is staying/Affidavit made before the Executive Magistrate may be accepted as proof of residence.
  • Borrower will be required to inform the Bank when the cease to use this residence as their permanent residence.

Title of property-

  • Borrower should have a clear and transferable title in their names;
  • This verification and search report for a period of 30 years will be required to be obtained from the Bank’s empanelled advocate at borrower’s cost.

Encumbrances-

  • The property should be free from any encumbrances/charge.

 

  1. Security-

The RML shall secure by way of equitable mortgage of residential property.

 

  1. Tenor-

Age of the younger of the borrowers between 58 and up to 68 years: 15 years Age of younger of the borrowers above 68 years; 10 years Or till death of the borrower(s), whichever is earlier.

 

For further query you can connect with RD Finance Services.

Greetings from “RD Finance Services” 

RD Finance Services Deal in all type of loans

  • Loan against property (LAP),
  • Project Funding
  • Business Loan,
  • Overdraft- Cash Credit,
  • Loan against Rental Discounting,
  • Home Loan,
  • Personal Loan,
  • Un-secured Loan.

For more information, you can reach to me via @ or call @https://rdfinanceservices.wordpress.com/9891235790 or connect via email  @delhireal009@gmail.com.

Now getting a loan is very quick and simple, just fill this 4 step application form fill it and revert back and RD Finance Team is there to help you out.

https://docs.google.com/forms/ d/e/ 1FAIpQLScLDS4kl02Dpl2bkGTpHjQy Fa8krvUFzfn1a9o7aQdPUL0hOA/ viewform?usp=sf_link

Thank you for continued patronage!

Best regards,

Rajesh Kumar

Mob.no. 9891235790

Email Id: delhireal009@gmail.com

Home loans and Car loans are set to get Cheaper

#Venturecapital #industry #Pharma #medical #realestate #fundsrequire #funds #business #motivation #consultants #startups #investing #sales #strategy #gender #artificialintelligence  #professionalwomen #customerrelations #automotiveindustry #web20 #managementconsulting #venturecapital #hiringandpromotion #management #personaldevelopment #marketing #branding #careers #digitalmarketing #innovation #riskmanagement #itdevelopment #creativity #productivity #serviceability #virtualization #economy #successions #finances #investmentbanking #humanresources #networking #culture #bankingindustry #markets #finance #personalfinance #engagement #advertisingandmarketing #gmail #intelligence #healthcare #technology #jobpostings #banking #emotionalintelligence #Energy #Solar #Wind #Hydro #Bioenergy

For consumption boost RBI announced a cut in its key lending rate by 35 basis points.

Home loans, car loans and personal loans are set to get cheaper. Hours after the Reserve Bank of India (RBI) cut key policy rates by 35 basis points (bps) i.e. .35 percentage points, State Bank of India (SBI), the country’s largest lender, announced a cut in the bench mark rate at which it lends to retail consumer- by 15 bps. The reduction will make all loan cheaper; for instance, the rate on home loans will come down to 8.25% from 8.4%. on a INR 30 Lakh loan over a 20-year period, the saving would be INR 70,000.

For further query you can connect with RD Finance Services.

Greetings from “RD Finance Services” 

RD Finance Services Deal in all type of loans

  • Loan against property (LAP),
  • Project Funding
  • Business Loan,
  • Overdraft- Cash Credit,
  • Loan against Rental Discounting,
  • Home Loan,
  • Personal Loan,
  • Un-secured Loan.

For more information, you can reach to me via @ or call @https://rdfinanceservices.wordpress.com/9891235790 or connect via email  @delhireal009@gmail.com.

Now getting a loan is very quick and simple, just fill this 4 step application form fill it and revert back and RD Finance Team is there to help you out.

https://docs.google.com/forms/ d/e/ 1FAIpQLScLDS4kl02Dpl2bkGTpHjQy Fa8krvUFzfn1a9o7aQdPUL0hOA/ viewform?usp=sf_link

Thank you for continued patronage!

Best regards,

Rajesh Kumar

Mob.no. 9891235790

Email Id: delhireal009@gmail.com

Loan under Equipment Finance Scheme (EFS)

  • Eligibility Criteria-

The financial assistance under this scheme is available to the existing profit-making company for acquiring machinery and equipment for expansion/modernization/balancing. The company should satisfy the following eligibility norms to be covered under the scheme.

  • The unit should be in operation for last four years and should be in profits and/or declared divided in the preceding two financial years;
  • The current ration should preferably be 1.33:1 or above;
  • The cost of proposed equipment normally should not be more than 50% of the existing gross block;
  • The applicant company should not be in default with the Institutions/Bank; and
  • The proposed equipment should be separately identifiable.

 

  • Maximum Loan permissible under the Scheme-

– INR 500 lakh per proposal.

  • Parameters-

 

Maximum Assistance INR 500 Lakh per proposal
Repayment period 2 to 5 years
Rate of Interest 12% p.a. floating
Upfront Fee 0.5%

 

  • Processing charges-

 

Procedure is same as applicable under general term loan.

 

  • Penalties-

In case of any default, the rate of interest applicable to general term loan is chargeable for the balance loan amount and it becomes the documented rate of interest for all interests and purposes. In addition, penal interest is charged @3% p.a. over and above this revised documented rate on the defaulted amount for the period of default.

 

For further query you can connect with RD Finance Services.

Greetings from “RD Finance Services” 

RD Finance Services Deal in all type of loans

  • Loan against property (LAP),
  • Project Funding
  • Business Loan,
  • Overdraft- Cash Credit,
  • Loan against Rental Discounting,
  • Home Loan,
  • Personal Loan,
  • Un-secured Loan.

For more information, you can reach to me via @ or call @https://rdfinanceservices.wordpress.com/9891235790 or connect via email  @delhireal009@gmail.com.

Now getting a loan is very quick and simple, just fill this 4 step application form fill it and revert back and RD Finance Team is there to help you out.

https://docs.google.com/forms/d/1P9IRAYnWipVaq6rT0wDkw923Hrlv9U6KYSnHiIGuXbo/viewform?edit_requested=true#responses

Thank you for continued patronage!

Best regards,

Rajesh Kumar

Mob.no. 9891235790

Email Id: delhireal009@gmail.com

Easy Travel Loan

This loan is provided to one who intends to go on a vacation within or outside India for meeting the travel cost, stay, visa, airport tax etc.

 

  • Eligibility-

Borrower should be either (i) a State/Central Government Employee, employee of public sector undertaking/reputed profit making public limited company, reputed institutions, MNC with a minimum service experience of 2 years or (ii) A self employed professional, with a minimum 2 year standing. You should be 60 years of age or less or (iii) A pensioner of PSU/Govt. (Central/State)/ Public Sector Bank who has taken premature voluntary retirement and is 60 years of age or less or (iv) Agent of insurance/KVP/Mutual funds etc. wit 3-5 years standing who is a tax assessee and whose gross annual income exceeds INR 2 Lakh; or (v) A trader, who has cash flows to repay the loans and can provide suitable third party guarantee.

 

  • Salient Features-

Loan Amount: the borrower’s personal loan limit would be determined by his income and repayment capacity.

 

Minimum: INR 30,000

 

Maximum: 12 times Net Monthly income for salaried individuals and pensioners and 1 year’s net annual income in case of self employed professionals with the under noted ceiling. For salaried individuals and self employed professionals: INR 2.5 Lakh ( INR 5 lakh in New Delhi, Chennai, Bangalore, Hyderabad, Mumbai and Kolkata and can be further increased to INR 10 Lakh if the self-employed professional maintains a satisfactorily conducted account with SBI or the salary of individual is regular credited to their account with SBI).

 

For pensioners: INR 1.5 lakh.

 

For members of business community: INR 3 lakh or 1 Year’s net annual profit during the preceding financial year, whichever is lower.

 

  • Repayment-

The loan is repayable in a maximum of 48-60 EMIs. One is allowed to pay more than the EMI if he so wishes, without attracting any prepayment penalty.

 

  • Security-

No Security is needed except in the case of members of business community where suitable third party guarantee is required.

 

For further query you can connect with RD Finance Services.

Greetings from “RD Finance Services” 

RD Finance Services Deal in all type of loans

  • Loan against property (LAP),
  • Project Funding
  • Business Loan,
  • Overdraft- Cash Credit,
  • Loan against Rental Discounting,
  • Home Loan,
  • Personal Loan,
  • Un-secured Loan.

For more information, you can reach to me via @ or call @https://rdfinanceservices.wordpress.com/9891235790 or connect via email  @delhireal009@gmail.com.

Now getting a loan is very quick and simple, just fill this 4 step application form fill it and revert back and RD Finance Team is there to help you out.

https://docs.google.com/forms/d/1P9IRAYnWipVaq6rT0wDkw923Hrlv9U6KYSnHiIGuXbo/viewform?edit_requested=true#responses

Thank you for continued patronage!

Best regards,

Rajesh Kumar

Mob.no. 9891235790

Email Id: delhireal009@gmail.com