LOANS

Channel partners with 60+ Banks and NBFCs with whom our expertscompare and get you the best rate and maximum loan amount

4

Starting at 10.99%*

Starting at 8.30%*

Starting at 8.75%*

Starting at 15%*

Starting at 9%*

NBFCs – Non Banking Financial Companies

FOIR – Fixed Obligation to Income Ratio

SME – Small and Medium Enterprises

LRD – Lease Rent Discounting

BT – Balance Transfer

SalariedSelf Employed Non

Professional

Self Employed

Professional

Private Limited Proprietorship Doctors

Limited Partnership Architects

Government companies Private Limited Chartered Accountants

Other companies Limited

Secured Loans Unsecured Loans

Home Loan Personal Loan

Loan against property Business Loan

Commercial property purchase Credit Cards

Lease Rent Discounting

Loan against shares

Working Capital

Car loan

It is an option that most individuals opt for to avail the benefit of lower interest rates prevalent in the market

Usually the existing borrower of a bank, who is about two or more years into his loan tenure, does not get the benefit of falling interest rates in the market.

The Reserve Bank of India has been insisting on lower interest benefits to be passed on to the existing borrowers as well, but this seldom happens.

Balance transfer of Loans happens when the entire unpaid principal loan amount is transferred to another bank for a lower rate of interest.

If the unpaid amount is low or if only a few years remain in terms of tenure, balance transfer may not be ideal. This is also because banks often levy a processing fee for balance transfer of Loans and in the end it may not be all that beneficial.

Personal Loan (BT)

Home Loan (BT + Top up)

Loan Against Property (BT + Top up)

New / Used Car Loan & Car Refinance

Loan Against Securities

Loan Against Property (BT + Top up)

Commercial Property Purchase

Unsecured Business Loan (BT + Top up)

Lease Rent Discounting

Working Capital (takeover and enhancement)

Overdraft & Cash credit

Term loan

Loan Against Property (BT + Top up)

Commercial Property Purchase

Professional Loan (BT)

Home Loan (BT + Top up)

Loan Against Shares

New / Used Car Loan & Car Refinance

Equipment finance

Channel Partners

AXIS BANK

DBS BANK

DCB BANK

FEDERAL BANK

ICICI BANK

IDFC BANK

KOTAK MAHINDRA BANK

RBL BANK

STANDARD CHARTERED

BANK

YES BANK

Bank Of Baroda

ADITYA BIRLA HOUSING FINANCIAL LIMITED

AU HOUSING FINANCE LIMITED

CAPITAL FIRST LIMITED

CHOLAMANDLAM INVESTMENT AND

FINANCE COMPANY LTD

DHFL

EDELWEISS FINANCE LIMITED

FULLERTON INDIA CREDIT COMPANY

LIMITED

INDIA INFOLINE FINANCE LIMITED (IIFL)

MAGMA HOUSING FINANCE LIMITED

PNB HOUSING

RELIANCE HOME FINANCE

TATA CAPITAL

HDFC LTD

AXIS BANK

DBS BANK

DEUTSCHE BANK

FEDERAL BANK

HDFC BANK LTD

ICICI BANK

IDFC BANK(ALSO CP)

INDUSIND BANK

KOTAK MAHINDRA BANK

RBL BANK

STANDARD CHARTERED

BANK

YES BANK

ADITYA BIRLA FINANCE LIMITED

AU FINANCE LIMITED

CAPITAL FIRST LIMITED

CAPRI GLOBAL CAPITAL LIMITED (ALSO CP)

CHOLAMANDLAM INVESTMENT AND FINANCE COMPANY

LTD

EDELWEISS FINANCE LIMITED

ESSEL FINANCE

FINMAX FINANCE

FULLERTON INDIA CREDIT COMPANY LIMITED

HERO FIN CORP(ALSO CP)

HINDUJA LEYLAND FINANCE LIMITED

INDIA INFOLINE FINANCE LIMITED (IIFL)

INDIABULLS HOUSING FINANCE LIMITED

INDOSTAR CAPITAL FINANCE LIMITED

JANALAKSHMI FINANCIAL SERVICES LTD

L&T FINANCE

MAGMA FINCORP LIMITED

ORIX LEASING & FINANCIAL SERVICES INDIA LIMITED(ALSO

CP)

PIRAMAL CAPITAL

PNB HOUSING

RELIANCE CAPITAL

TATA CAPITAL HOUSING FINANCE

AXIS BANK

DCB BANK(also SE)

HDFC BANK LTD

ICICI BANK

IDFC BANK

STANDARD CHARTERED

BANK(also SE)

YES BANK

KOTAK BANK

ADITYA BIRLA FINANCE

LIMITED

BAJAJ FINANCE LIMITED

CAPITAL FIRST LIMITED(ALSO

SE)

FULLERTON INDIA CREDIT

COMPANY LIMITED

TATA CAPITAL

AXIS BANK

DEUTSCHE BANK

HDFC BANK LTD

ICICI BANK

INDUSIND BANK

KOTAK MAHINDRA BANK

RBL BANK

STANDARD CHARTERED BANK

ADITYA BIRLA FINANCE LIMITED

BAJAJ FINANCE LIMITED

BEE FINTECH PRIVATE LIMITED

(INCRED FINANCE)

CAPITAL FIRST LIMITED

CAPITAL FLOAT

EDELWEISS FINANCE LIMITED

EQUITAS

FINMAX FINANCE

FULLERTON INDIA CREDIT

COMPANY LIMITED

LENDINGKART

MAGMA FINCORP LIMITED

SHRIRAM FINANCE

TATA CAPITAL

PRODUCT SUMMARY

Loan Amount

50k to 20 Lacs

Collateral

No Collateral

Tenure

Upto 5 years

Rate of Interest

10.99% to 24%*

PF

1.5% - 2%*

PRODUCT SUMMARY

Loan Amount

5 Lacs to 5 Cr

Collateral

No Collateral

Tenure

Upto 3 years

Rate of Interest

15.00% to 24%*

PF

1% to 2%*

Product Summary

Loan Amount

10 Lacs to 35 Cr

Collateral

Mortgage of Loan property

Tenure

Upto 30 years

Rate of Interest

8.30% to 11.50%*

PF

0.5%*

Salaried-Rs.10000/-

Product Summary

Loan Amount

25 Lacs to 30 Cr

Collateral

Mortgage of Loan property

Tenure

Upto 15 years

Rate of Interest

8.75% to 12%*

PF

0.5% to 1%*

Product Average Rate Of

Interest

Max loan tenure Per lac EMI

Personal Loan 13.5% 5 2301

Unsecured Business

Loan

17.5% 3 3590

Home Loan 8.40% 20 862

Loan Against

Property

9.5% 15 1044

EMI paying capacity = Income*FOIR% lessMonthly obligations if any

Example

Emi paying capacity = Rs.30,000

Per lac EMI of PL = Rs.2300

Therefore Rs.30,000/2300 = 13.043 i.e Rs. 13Lacs Principal amount

So, the customer is approximately eligible for-

Rs.13.04 lacs Principal amount + Rs.4.96 lacsInterest Total Repayment = Rs. 18 Lacs

As per - Per Lac EMI As per EMI calculator

Particular Amount (Rs)

Loan Amount 1,00,000

Interest Rate 10%

Loan Tenure 1

Loan EMI 8,792

Total Interest Payable 5,499

Total Repayment 1,05,499

Repayment schedule

Can the co-applicant’s income be included while calculating eligibility?

Yes Banks add spouse or parents income as co-applicant to calculate eligibility

What constitutes an EMI?

The interest payable throughout the loan tenure gets computed over a chart calledamortisation schedule which portions the interest and principal in a descending andascending order respectively.

What is fixed interest rate?

Rate of interest will remain same throughout the tenure.

What is reducing rate of interest?

Here the interest is charged on the reduced outstanding principal amount.

What is floating interest rate?

It is also called Variable Rate of Interest. The rate of interest changes according to thebanks policy or market lending rate.

Can a fixed interest rate be converted to floating interest rate and vice-versa?

Yes. The interest rates can be switched, lenders usually charge for this.