Find answers to common questions about loans and financial services in Udaipur
A: We offer a comprehensive range of financial services including Personal Loans, Home Loans, Business Loans, Car Loans, Education Loans, Loan Against Property, and Insurance products (Life, Health, Vehicle). We specialize in getting loans approved for customers with low CIBIL scores.
A: We are loan consultants and DSAs (Direct Selling Agents) partnered with 50+ banks and NBFCs. We help you compare offers from multiple lenders, negotiate better rates, and get your loan approved faster. Our services are completely free for customers.
A: No! Our consultation and loan processing services are completely free. You only pay the standard processing fees charged by the bank/NBFC after your loan is approved and disbursed.
A: We are partnered with 50+ leading institutions including SBI, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, IDFC First Bank, Yes Bank, Bajaj Finserv, Tata Capital, LIC Housing Finance, HDFC Ltd, and many more. Visit our Partners page for the complete list.
A: You can get personal loans from ₹50,000 up to ₹40 lakhs depending on your income, CIBIL score, and repayment capacity. Salaried individuals typically get 15-20 times their monthly salary.
A: Personal loan interest rates range from 10.50% to 24% p.a. depending on your CIBIL score, income, and lender. We help you get the lowest possible rate from our 50+ partner banks.
A: For customers with good CIBIL scores and complete documentation, personal loans can be approved within 24-48 hours. Disbursement happens within 2-3 days of approval.
A: Basic documents include Aadhaar Card, PAN Card, last 3 months salary slips, last 6 months bank statements, and address proof. Self-employed individuals need ITR and business proof.
A: Most banks provide up to 80-90% of property value as loan, so you need 10-20% as down payment. For properties above ₹75 lakhs, LTV (Loan to Value) is typically 75%.
A: Yes! We provide home loans for under-construction properties from approved builders in Udaipur. The loan is disbursed in stages based on construction progress.
A: You can claim deduction up to ₹1.5 lakhs on principal repayment (Section 80C) and up to ₹2 lakhs on interest payment (Section 24b). First-time buyers get additional ₹50,000 deduction under Section 80EE.
A: Yes, we offer plot loans for purchasing residential plots in approved colonies in Udaipur. LTV for plot loans is typically 60-70% of plot value.
A: For proprietorship/partnership, minimum annual turnover of ₹10 lakhs is required. For private limited companies, minimum ₹25 lakhs turnover is needed. Smaller businesses can apply for MUDRA loans.
A: For loans up to ₹25 lakhs, collateral is typically not required under CGTMSE scheme. For higher amounts, some lenders may ask for collateral or personal guarantee.
A: Yes! We offer startup business loans through specialized lenders and government schemes like Startup India. Even businesses less than 2 years old can get financing based on business plan and promoter profile.
A: MUDRA (Micro Units Development & Refinance Agency) provides loans up to ₹10 lakhs for micro-enterprises under three categories: Shishu (up to ₹50,000), Kishor (₹50,000 to ₹5 lakhs), and Tarun (₹5 lakhs to ₹10 lakhs).
A: While most banks prefer 750+, we can get loans approved with CIBIL score as low as 550 for personal loans and loan against property, and 600+ for home loans and business loans through our specialized lender network.
A: Each loan application creates a "hard inquiry" which can temporarily reduce your score by 5-10 points. That's why we recommend applying through us - we select the right lender first time, avoiding multiple rejections.
A: With consistent on-time payments and proper credit management, you can see improvement in 3-6 months. Significant improvement (50-100 points) typically takes 12-18 months.
A: Yes, it's possible but more challenging. If the default was settled and you have stable income now, we can help. Loan against property is the easiest option in such cases as it's secured against collateral.
A: Basic KYC includes Aadhaar Card (identity + address proof) and PAN Card (identity + income tax proof). These two documents are mandatory for all loan applications.
A: No, you only need to submit self-attested photocopies of all documents. Original documents are shown for verification only and returned immediately.
A: For salaried individuals, Form 16 can substitute ITR. For self-employed, ITR is mandatory. However, some NBFCs offer loans based on bank statements for self-employed professionals.
A: 1) Submit application with documents 2) We evaluate and select best lender 3) Lender processes and approves 4) Loan sanction letter issued 5) Complete final documentation 6) Loan disbursed to your account. Entire process takes 3-10 days depending on loan type.
A: Yes! For floating rate loans, there are no prepayment charges. For fixed rate loans, prepayment charges may apply (typically 2-5% of outstanding amount).
A: Missing EMI attracts late payment charges (typically 2% per month) and negatively impacts your CIBIL score. If you anticipate difficulty, contact us immediately - we can help restructure the loan.
A: Yes! We offer balance transfer services where we help you transfer your existing loan to another lender offering lower interest rates. This can significantly reduce your EMI and total interest outgo.
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