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business loan against degree certificate

Loan Faqs

What documents are needed for a business loan? :

There is need of submitting supporting documents while applying for a business loan. There are differences in the documents required for various types of companies like sole proprietorship firm, partnership firms and private limited companies. The documents needed may also vary slightly depending...

What are eligibility criteria for availing of a business loan? :

Business loans are provided to all kinds of enterprises like sole proprietorships, partnerships and private limited companies. Though income requirements can vary depending on banks, normally net income of the concern should be more than Rs. 150,000 per annum for business loan up to Rs. 15 lakh...

Why should I take a loan against property? :

You can take a loan against property for any reason like getting your son or daughter married, expanding your business, taking a foreign vacation and sending your children to overseas for study. It is a secured multi-purpose loan with longer tenure and lesser rate of interest than a personal loan.

Why should I take a business loan? :

 Banks provide loans to business people for their short or long term financial needs. At various stages of running a business, capital is needed either for long term or short term needs. It is well known that without the required capital no business can be run successfully. For any...

Can I take a loan against another property if I have a home loan from a bank? :

Yes, some banks offer this facility to take a loan against any other property. For inquiry contact the home loan lending bank.

What is a fixed rate loan against property? :

In a fixed rate loan against property the interest rate on loan against property charged by the bank is constant over the tenure of the loan. You should go for a fixed rate only if you feel that the rate of interest prevailing in the market have touched rock bottom and the rates can only move...

How to foreclose the loan against property? :

The loan against property can be foreclosed by approaching the lending bank. You have to issue a issue a cheque favoring the bank, upon clearance of which the documents will be released for that loan. Kindly note that banks change a small amount of fee for foreclosing a loan against property.

How much loan can I get? :

The exact amount of loan against property given to you depends on factors including your income, repayment capacity and your past credit history.  It also depends on the number of dependents, assets, liabilities, stability/ continuity of your employment/ business and the co-applicant's...

What is the eligibility criteria to get a loan against property? :

Anyone can get a loan against property given the person has a minimum age of 21 years, employed or self-employed with a regular income and is owner of a property.

What is a floating rate loan against property? :

In a floating rate loan against property the interest rate charged by the lender keeps changing with respect to the rates in the market over the tenure of the loan. Normally the rate charged is on the basis of their cost of funds and the prevailing market rates. These rates change periodically....

Can I avail of fixed or floating rate loan? :

 You can go for either fixed or floating rate loan against property.

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