Krishna Solutions

Sahibagh, Ahmedabad, Gujarat

What is a Home Loan? An Home Loan is finance provided by a bank or a financial institution to enable its customers to purchase or construct or improve their homes. Why Home Loan? Buying a home could be one of the biggest achievements of a person's life. In most cases, it takes an entire lifespan to fulfil the dream of purchasing one's own home. Selecting the ideal property involves a lot of research and planning. Arranging funds is probably the toughest and the trickiest part of the process. You could dip into your savings for the entire payment or decide to get a Home Loan at a good interest rate A decade or so earlier, borrowing from a bank used to be a cumbersome process but today financial institutions have simplified the entire Home Loan application and disbursement process. All leading financial institutions offer Home Loans with attractive interest rates, flexible repayment periods, quick turnaround times and unique product features. Before finalising on a lender, one must understand the intricacies of a Home Loan. How should I compare what each bank is offering me? Is there anything in the fine print I should be worried about? Krishna Solutions can help you get the ideal Home Loan - Let's Seal the Deal!

Fresh Loan Against Property Loan Against Property (LAP) is a type of secured loan. A secured loan is a loan where the borrower mortgages his or her asset or property as collateral to the bank or the other lending institution. LAP could be used for several personal and professional needs such as house renovation, business expansion, purchase of a new machinery and other requirements. Typically the banks and other lending institutions offer loan against residential, commercial and industrial property. A borrower usually gets a fixed percentage of the property value known as LTV (Loan To Value) as loan amount against the property. The loan to value (LTV) varies from one bank to another. Usually, the loan to value ranges from 40% to 70% of the property value. The borrower can continue using the property that is mortgaged with the bank for its respective use. Purpose of Loan Against property Loan Against Property could be used for several purposes mentioned below: Business Expansion - Purchase of a new property - Purchase of raw material - For immediate working capital requirement - Acquiring a new machinery - Investment in new technology for business Eligibility Criteria for Loan Against Property (LAP) To obtain Loan Against Property the borrower should fulfil the eligibility criteria. The following factors affect the loan eligibility of the borrower: Eligibility Factor Age - Minimum 21 years (At the time of loan application) - Maximum 65 years (At the time of loan maturity) - However, the age may go up to 70 years and above in special cases. Job Experience or Business Stability - Salaried Employees: Minimum of 2-3 years - Self-Employed: Cash profit of at least 3 years Credit Score - Good Credit Score - (650 and above is usually acceptable)

The growth and sustainability of a business depends on the continuous inflow of funds. The funds might be required to expand the business or purchasing equipment. The funds can be borrowed in the form of a loan from banks and other financial institutions. Business Loans are typically unsecured in nature which means no collateral or security is required to borrow a loan. Business Loan is a debt provided to the company or the self-employed professionals or business owners that are to be repaid along with the principal amount. The rate of interest is usually pre-determined by the lending institutions. A Business Loan in India is offered at competitive interest rates, with a low processing fee, and without any security or collateral. Several leading banks and NBFCs including HDFC Bank, ICICI Bank, Capital First, Citibank, Fullerton India, Tata Capital, and so forth are offering business loans. Business Loans Some types of Business Loans are explained below: Term Loans: Term Loans could be used for business expansion or capital infusion requirement of an organization. Generally, a term loan is the loan offered for the acquisition of long-term fixed assets including land or building, machinery, and other business needs. The interest rate can be either fixed or floating and are usually have a fixed repayment schedule. Special Business Loan Scheme for Women Entrepreneurs: Today banks are offering attractive business loan scheme for women entrepreneurs at low rates of interest. However, women entrepreneurs who have business ownership of less than 50% are not eligible for special loan schemes. Working Capital Loans: These types of loans are offered to meet the daily operating expenses of the business. These loans can be further classified as secured and unsecured loans. Business Loan Eligibility There are certain important eligibility factors for Business Loan. The following factors are: Age - Minimum- 21 years - Maximum- 65 years (Age may vary from bank to bank)

Small businesses in India are considered as the lifeline of the business industry of the nation. There are many micro, small and medium level businesses working towards making profit in India. To make huge conglomerate one has to start by taking small footsteps i.e. to create a small business. As more and more people getting involved in small business, the increase for funding needs is seen across India. Small businesses require various amounts of funds for their various business related needs. For that, they usually opt for a business loan. There are various types of business loans in Mumbai offered by banks and NBFCs for small businesses. Many times businessmen find themselves in need of credit to expand or fund their business for multiple reasons. They need the funds to buy some equipment, working capital gap, payment to creditors, pay off business dues, pay employee's salary, to expand etc. Businessmen can't put the funds in line from their personal savings. Thus they opt for business loans in Mumbai. The business loan works as the perfect financial aid for such situations. Taking a business loan is always a safe and easy way to tackle your business related financial needs. Many banks and NBFCs are used to give bigger amount for longer tenures for businesses which are earning profits in huge amount and have been there for a long period of time. Thus many believe that small businesses do not get loan easily. But now-a-days banks and NBFCs are giving away small amount loans with shorter tenure specifically to fulfill the needs of small businesses in Mumbai. These small business loans get quick disbursements and require minimum documents.

If you are a Consultant and Practicing Doctors working in a government/private clinic or a hospital, looking to expand your scale of operations to provide better service and treatment facilities, BBK Professional Loans for Doctors ties together multiple benefits along with quick approval turnaround time. Features & Benefits - Very competitive interest rate. - Repayment period of up to 84 months. - Loan amount up to BHD 200, 000. - Minimum 1 year of service. - Option to defer monthly payment as needed. - Convenient automatic payment deduction from your account. - Ability to top-up the loan. - Loan is covered under BBK Protection Scheme. Eligibility - Both Salaried and Private Practitioner. - All nationalities resident in Bahrain are eligible (residence permit valid for a minimum of 3 months). - Salaried individuals must be between 21 and 55 years of age. - Self-employed individuals must be between 25 and 60 years of age. - Minimum monthly salary of BD 1200. Documents Required - Original salary certificate. - Letter of undertaking for salary transfer and for non-Bahrainis indemnity/end of service benefits, or a third-party guarantee. - Non-BBK customers must provide bank statements (at least 3 months). - Last pay slip. - Original CPR/Smart Card & Passport.