All Information about loans and mortgages in India, their types, processes and other important information.

1. HOME LOAN
PERSONAL LOAN
BUSINESS LOAN
LOAN AGAINST PROPERTY
TYPES OF LOANS
By
Gaurav Jain
gauravpaatni1995@gmail.com

2. Home Loan: The funds a buyer has to borrow to
purchase a House property, generally secured by a
registered mortgage to the bank over the property being
purchased OR, the amount of Money a person borrows...
HOME LOAN
Maximum Tenure - 20 Years
Interest Rate – 8.35% to 11%
Processing Fee – 0.25% to 1%
Or 10000+ GST

3. Types of Home Loans
•Land Purchase Loan
•Home Purchase Loan
•Home Construction Loan
•Home Extension Loan
•Home Improvement Loan
•Home Conversion Loan
•NRI Home Loan
•Balance Transfer Loan
•Stamp Duty Loan

4. Process of Home Loans
Step 1: Applying for a Home Loan
Place an enquiry
Documents required
Doorstep service – documents pick up
Step 2: Home Loan Sanction
Determining the financial eligibility
Property Valuation
Legal Valuation
Step 3: Home Loan disbursement
Signing the home loan agreement
Disbursement

5. Documents needed to apply for Home Loan
•Application form with photograph duly signed
•Identity, residence and age proof
•Last 6 months bank statements
•Last 3 months Salary-slips
•Processing fee cheque
•Form 16 / Income Tax Returns
•Proof of business existence
•Business profile
• Education qualification certificate and proof of
business existence
•Last 3 years Income Tax Returns with computation
of Income Last 3 years CA Certified / Audited
Balance Sheet and Profit & Loss Account

6. C I B I L
A CIBIL credit score is measured in
a range of 300 to 900 points. The
score is ascertained by
considering your entire borrowing
points, history, reimbursement
system and default occasions
(assuming any) and so on. The
higher the score i.e. near 900,
better will be the odds to get the
credit from a moneylender. Lower
score (near 300) shows an
inconsistency for borrowings
previously.
Grades
740+ A+
720-740 A
680-720 B+
660-680 B
620-660 B-
Rating
720+ Excellent
650-720 Very Good
575-650 Good
450-575 Poor
300-450 Very Poor

7. Loan against Property: A loan that
you can avail by mortgaging your
Property.
LOAN AGAINST PROPERTY
Maximum Tenure - 15 Years
Interest Rate -8.9% to 12%
Processing Fee – 0.5% to 1.5%

8. Steps for taking Loan against
Property
•Application
•Processing
•Documentation
•Sanctioning of the loan
•Valuation and legal check
•Disbursement

9. Business Loan: A business loan is borrowed capital
that companies apply toward expenses that they are
unable to pay for themselves.
BUSINESS LOAN
Maximum Tenure – 15 Years(Long Term Loan)
3 Years( Short Term Loan)
Processing Fee – 2% to 2.5%
Interest Rate – 15% to 18%

10. Types of Business Loans
•Short-Term Loans
•Business Line of Credit
•Equipment Financing
•Invoice Financing
•Merchant Cash Advances

11. Personal Loans: A loan that establishes consumer
credit that is granted for personal use; usually
unsecured and based on the borrower's integrity
and ability
PERSONAL LOAN
Processing Fee – 1% to 5%
Tenure – 1 to 5 Years
Interest Rate -12.29% to 35%

12. Type of Personal Loans:
PERSONAL LOAN
•Convertible loans
•Fixed-rate loans
•Installment loans
•Payday Loans
•Online Loans
•Secured loans
•Single-payment loans
•Unsecured loans
•Variable-rate loans

13. Gaurav Jain
gauravpaatni1995@gmail.com