Get The Best Business And Home loan In Delhi.

1
Get The Best Business And Home loan In Delhi. If
you are looking for business loans in Delhi, then
you are in the right place. You will get to know
everything here. There are specific requirements
you need to fulfill to get the best business
loans that fit your venture. You will get less
paperwork involved in the process. The annual
rate of interest on which bank provides you
credit varies from bank to bank and on the type
of loan requirements. You will get the penalty
interest rate less than one percent, on the
overdue amount every day. To get a business loan
in the city, you need to have experience of one
year in the business line. You must be earning
more than two lakh of monthly revenue. If you are
a busy person and worried about the formalities
for applying for the loan, don't be upset. You
just need to fulfill the basic KYC requirements.
You must have Pan and Adhaar card with you. Take
along with you twelve months of a bank statement.
It will help in the process. It is not essential
to have a home or business ownership. You get
your loan sanctioned within forty- eight hours.
The minimum bank loan amount offered is five
thousand, and the minimum period to pay back is
one year this period extends up to five years.
The rate of interest up to which HDFC provides
you loan is fifteen percent. Generally, banks
offer credit for all types of ventures, whether
it is for long term business venture or small
business venture. Home Loan Aspects Those who
are planning to build the dream home, you can
seek help here. The home loan depends upon the
property you are purchasing. You may also take a
home loan to reconstruct your old property. The
government is ever ready to help you in this
purpose. The interest rates lie between five to
eight percent. There are certain formalities you
need to fulfill to get the home loan. It is
challenging to build your home with your reserve
fund collection. And the government is all set
to help you out without breaking your reserve
funds. There are certain requirements you need
to fulfill to get a home loan. You need to
provide your bank with proof of your age. You
need to submit an identity proof and income
document as well. This will help you get easy
home loans in your city. Get Loans Against
Property If you want to set up a big business
venture, then you can get loans from the bank
against your property. This will fetch you the
best deals and is best for business purposes.
However, you can get loan on the following
property. You can mortgage a self-occupied
residential property. It can be a house or flat,
but the essential thing is ownership must be in
your hands. You cant get the loan on any rented
residential property of yours.