Business Loan

BUSINESS LOAN

 

IS YOUR BUSINESS FACING SETBACKS DUE TO RESTRICTED CASH FLOW? DO YOU NEED SOME FINANCIAL SUPPORT FOR EXPANDING THE BUSINESS, INVESTING IN OFFICE OR FACTORY SPACE, BUYING EQUIPMENT OR MACHINERY, OR EXPANDING INVENTORY? ALMOST ALL BUSINESS OWNERS KNOW THE PAIN OF GETTING A BUSINESS LOAN SANCTIONED. ARE YOU ONE OF THOSE FACING ISSUES IN GETTING YOUR BUSINESS LOAN APPROVED? A BUSINESS LOAN MIGHT PUT YOU ON TRACK. READ ON TO KNOW MORE ABOUT BUSINESS LOAN OFFERS.

 

BUSINESS LOAN FEATURES

THERE ARE VARIOUS FEATURES THAT MAKE TAKING A BUSINESS LOAN FROM SBI BENEFICIAL:

• THE APPLICATION PROCESS IS SIMPLE AND QUICK.
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• REQUIRES MINIMAL DOCUMENTATION.
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• DOES NOT REQUIRE ANY SECURITY OR COLLATERAL.
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• ATTRACTIVE INTEREST RATES.
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• FLEXIBLE LOAN AMOUNT, TENURE, AND REPAYMENT METHODS.
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• FUNDING IS AVAILABLE FOR UP TO RS. 1 CRORE
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• FLEXIBLE TENURE UP TO 5 YEARS

 

PURPOSE OF BUSINESS LOANS

THE MOST COMMON REASONS TO TAKE BUSINESS LOANS ARE AS FOLLOWS

1. EXPANDING OPERATIONS

BUYING LAND OR LEASING A PROPERTY TO EXPAND BUSINESS OPERATIONS WHEN YOU FEEL THAT YOUR BUSINESS HAS GROWN LARGE ENOUGH AND SCALING UP AT THIS MOMENT IS AN OPPORTUNITY THAT YOU DO NOT WISH TO FORGO, A BUSINESS BASED ON ITS GROWTH PROJECTIONS CAN GO FOR EXPANDING OPERATIONS MORE THAN ONCE.

2. PURCHASE EQUIPMENT

TECHNOLOGY HAS BECOME A KEY DRIVER IN THE INFORMATION AGE OF BUSINESS, AND SINCE TECHNOLOGY COMES WITH A PRE-SET EXPIRY DATE, THERE IS ALWAYS A DEMAND TO PURCHASE OR UPGRADE EXISTING EQUIPMENT AND TECHNOLOGY. BUYING/LEASING/REPLACING A NEW EQUIPMENT THAT WILL HELP IMPROVE THE PRODUCTION OR OPERATIONS OF THE ORGANIZATION, ALTERNATIVELY THE EQUIPMENT CAN ALSO BE LEASED, IT IS BEST TO CONDUCT A COST-PROFIT ANALYSIS TO DETERMINE WHETHER TO BUY OR LEASE.

THE ADVANTAGE OF BUYING EQUIPMENT IS THAT DEPRECIATION CAN BE CLAIMED EACH YEAR APART FROM THE FIRST-YEAR TAX EXEMPTIONS.

3. PURCHASE OF INVENTORY

MOST OFTEN SMALL BUSINESSES WOULD REQUIRE IMMEDIATE CAPITAL FOR THE PURCHASE OF INVENTORY STOCK OR RAW MATERIAL. THERE MAY ARISE A SITUATION WHERE THE DEMAND FOR YOUR PRODUCT MAY BE VERY HIGH IN THE MARKET. BUSINESSES MAY NOT HAVE THE FUNDS TO GET THE RAW MATERIALS TO MEET THE RISE IN DEMAND. THIS PROBLEM CAN BE SOLVED WHEN INDIVIDUALS AND ENTREPRENEURS TAKE LOANS TO BUY THE INVENTORY NEEDED FOR PRODUCTION.

4. TO INCREASE WORKING CAPITAL

MANY TIMES, SMALL BUSINESSES MAY NOT HAVE ENOUGH WORKING CAPITALS TO RUN THEIR DAY-TO-DAY ACTIVITIES. THEY WILL TAKE SHORT-TERM LOANS TILL THEIR OWN ASSETS EARN ENOUGH REVENUES TO MEET THEIR OPERATIONAL NEEDS.

5. IMPROVE CREDIT HISTORY

IF A BUSINESS IS LOOKING TO GET A LARGER LOAN IT IS NECESSARY FOR THE COMPANY TO HAVE A GOOD CREDIT HISTORY TO MAKE SURE OF THIS THE INDIVIDUAL OR PROPRIETORS GET SHORT-TERM LOANS AND PAY THEM ON TIME TO IMPROVE THEIR CREDIT HISTORY. CONSISTENT REPAYMENT OF BORROWINGS WILL LEAD TO A POSITIVE CREDIT HISTORY.

 

BUSINESS LOAN DOCUMENTS

 

THE DOCUMENTATION REQUIRED IS SIMPLE AND STRAIGHTFORWARD. FOLLOWING ARE SOME OF THE DOCUMENTS WHICH WILL BE REQUIRED:

• APPLICATION FORM WITH PASSPORT SIZE PHOTOGRAPHS OF ALL APPLICANTS AND CO-APPLICANTS
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• PAN CARD
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• IDENTITY PROOF – VOTER ID / DRIVING LICENSE / PASSPORT / AADHAR CARD (ANYONE CAN BE SUBMITTED)
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• ADDRESS PROOF – VOTER ID / DRIVING LICENSE / PASSPORT / TELEPHONE BILL / ELECTRICITY BILL / REGISTERED LEASE DEED OR SALE AGREEMENT / BANK STATEMENT (ANYONE CAN BE SUBMITTED)
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• OWNERSHIP PROOF OF EITHER RESIDENCE OR OFFICE EITHER IN THE NAME OF THE APPLICANT OR JOINTLY WITH FAMILY MEMBERS
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• BUSINESS CONTINUITY PROOF – ANY ONE DOCUMENT DATED 5 YEARS OLD (BANK STATEMENT / SALES TAX CHALLANS / IT RETURNS / SHOPS & EST. CERTIFICATE / CERTIFICATE OF INCORPORATION / PARTNERSHIP DEED)
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• LETTER CERTIFYING END USE OF THE BUSINESS LOAN FUNDS ON BUSINESS LETTERHEAD

Car Loan

CAR LOAN

 

OWING A CAR IS A MILESTONE, A FINANCIAL GOAL, WHICH MOST INDIVIDUALS ENVISION ACCOMPLISHING. OWNING A CAR IS A SYMBOL OF SUCCESS! MOREOVER, IT IS AN EMOTIONAL GOAL ALMOST EVERY FAMILY ENJOYS GOING ON A LONG DRIVE WITH LOVED ONES IN THEIR OWN CAR. AND THIS IS TRUE EVEN IN THE AGE OF CAB AGGREGATORS.

TODAY, BUYING A DREAM CAR IS ALMOST WITHIN YOUR REACH IRRESPECTIVE OF WHETHER YOU ARE SALARIED OR SELF-EMPLOYED. YOU DON’T NEED TO BE WEALTHY ENOUGH OR SAVE A FAIR AMOUNT OF MONEY TO BUY YOUR FIRST CAR, UNLIKE A COUPLE OF DECADES AGO. YOU CAN SIMPLY AVAIL A NEW CAR LOAN AND DRIVE IN YOUR DREAM CAR SOONER.

YOU CAN GET A PRE APPROVED CAR LOAN, DEPENDING ON YOUR INCOME AND CREDIT SCORE, BUT SUBJECT TO MAXIMUM LOAN TENURE AND THE LOAN AMOUNT.

UNNATI FINSERVE OFFERS CAR LOANS AT AN ATTRACTIVE RATE OF INTEREST, LOW PROCESSING FEE, A REPAYMENT TENURE OF UP TO 8 YEARS, AND A HIGHER LOAN-TO-VALUE RATIO (100% ON-ROAD PRICE FUNDING ON CERTAIN MODELS) TO PURCHASE A NEW CAR. THE CAR LOAN IS OFFERED EVEN TO PROPRIETORSHIP FIRMS, PARTNERSHIP FIRMS, COMPANIES, TRUSTS, AND SOCIETIES.

 

ELIGIBILITY CRITERIA AND DOCUMENTS REQUIRED.

 

THE CAR LOAN ELIGIBILITY CRITERIA CAN BE DIFFERENT FOR DIFFERENT BANKS. THE COMMON CRITERIA ARE AS FOLLOWS:

• AGE BETWEEN 18 YEARS AND 75 YEARS
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• MINIMUM NET MONTHLY INCOME OF RS. 20,000
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• AT LEAST 1 YEAR OF EMPLOYMENT WITH THE CURRENT EMPLOYER
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• MUST BE SALARIED OR SELF-EMPLOYED, WORKING FOR A GOVERNMENT ESTABLISHMENT OR A PRIVATE COMPANY

 

FEATURES AND BENEFITS OF CAR LOAN

 

WHEN IT COMES TO CAR LOANS IN INDIA, IN GENERAL, THE FOLLOWING FEATURES AND BENEFITS ARE OFFERED. NOTE THAT, THE FOLLOWING IS A GENERALIZED LOOK AT THE ADVANTAGES OFFERED BY CAR LOANS. INDIVIDUALLY, CAR LOAN LENDERS MAY HAVE HIGHLY CUSTOMIZED AND SPECIALIZED OFFERINGS FOR THEIR CUSTOMER BASE.

• IT HELPS YOU PURCHASE A CAR EVEN IF YOU DON’T HAVE ALL THE MONEY FOR IT RIGHT NOW.
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• MOST CAR LOANS WILL FINANCE THE ON-ROAD PRICE OF THE CAR.
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• SOME CAR LOANS WILL EVEN FINANCE 100% OF THE ON-ROAD PRICE. THIS MEANS NO DOWN PAYMENTS.
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• WITH SOME BANKS OFFERING FINANCING IN THE CRORES, YOU ARE NOT LIMITED IN YOUR CHOICE OF CARS
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• MOST CAR LOAN OFFERINGS IN INDIA ARE SECURED LOANS. THIS IMPLIES THAT THE CAR SERVES AS THE SECURITY/COLLATERAL FOR THE LOAN.
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• PROCURING A CAR LOAN IS USUALLY SIMPLE WHEN COMPARED TO OTHER LOAN PRODUCTS. INDIVIDUALS WITH SLIGHTLY UNSAVOURY CREDIT SCORES CAN ALSO HOPE TO PROCURE ONE. HOWEVER, THIS OPTION DIFFERS FROM BANK TO BANK.
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• CAR LOANS IN INDIA OFTEN OFFER FIXED INTEREST RATE OPTIONS. THIS MEANS YOU ARE ALWAYS ASSURED OF A FIXED AMOUNT THAT NEEDS TO BE REPAID MONTHLY.
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• MANY LENDERS WILL OFFER INTEREST RATES BASED ON YOUR CREDIT SCORE SO A HIGH SCORE TO GET YOU A CHEAPER LOAN.
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• CAR LOANS ARE NOT MEANT FOR JUST NEW CARS.

Credit Cards

Education Loan

Health Care Product

WHAT IS DOCONLINE

HTTPS://WWW.DOCONLINE.COM/ESYCARE-UF

DOCONLINE IS AN ONLINE DOCTOR CONSULTATION PLATFORM WHERE ONE CAN HAVE A LIVE CHAT WITH A DOCTOR ON A WEB/APP. THIS VIRTUAL DOCTOR APP PROVIDES EASY ACCESS TO A GP ONLINE VIA AUDIO, VIDEO, OR CHAT, AS PER THE CUSTOMER’S CONVENIENCE.

ANY REGISTERED USER CAN BOOK DOCTOR APPOINTMENTS ONLINE WHERE THEY CAN UNDERTAKE ONLINE MEDICAL CONSULTATION, SEEK ONLINE DOCTOR ADVICE, GET ONLINE PRESCRIPTIONS, AND ALSO GET ONLINE MEDICINE DELIVERY. IT ALSO FACILITATES EASY ACCESS TO DIAGNOSTIC SERVICES.

OUR OBJECTIVES ARE TO ENSURE HEALTHCARE ACCESSIBILITY TO CONSUMERS, WHICH IS SIMPLE, TRANSPARENT AND AVAILABLE ANYTIME/ANYWHERE. THE TELEMEDICINE SERVICES MADE AVAILABLE THROUGH DOCONLINE ARE PROVIDED BY REGISTERED AND EXPERIENCED DOCTORS (GENERAL PHYSICIANS).

WHY DOCONLINE?

HEALTHCARE REACH HAS ALWAYS BEEN A CHALLENGE ACROSS THE GLOBE AND ESPECIALLY IN INDIA. WE UNDERSTAND HEALTHCARE ACCESSIBILITY AND AFFORDABILITY SHOULD BE ONE OF THE BASIC TENETS AVAILABLE TO ALL HUMAN BEINGS. IT IS ON THIS IDEA THAT DOCONLINE HAS BEEN BUILT.

Home Loan

HOME LOAN

 

WE UNDERSTAND THAT BUYING A HOUSE IS ONE OF THE MOST IMPORTANT DECISIONS IN LIFE, FOR PEOPLE ACROSS THE WORLD. WE ALSO KNOW THAT WHILE MOST PEOPLE DREAM OF OWNING A PERFECT HOME, ACHIEVING THAT GOAL CAN BE QUITE A CHALLENGE, ESPECIALLY WHEN IT COMES TO ARRANGING THE FINANCE REQUIRED TO MAKE SUCH AN EXPENSIVE PURCHASE.

BUT YOU CAN NOW FULFILL THIS DREAM BY OPTING FOR A HOME LOAN FROM UNNATI FINSERVE
 

• LOAN REQUIREMENT - LOANS RANGING FROM INR 300,000 UP TO INR 100,000,00

• PROPERTY TYPES - LOANS ARE AVAILABLE TO RESIDENT INDIANS AND NON-RESIDENT INDIANS (NRIS) FOR READY PROPERTIES, SELECT UNDER CONSTRUCTION PROPERTIES APPROVED BY GOVT, SELF-CONSTRUCTION, AND HOME IMPROVEMENT.

• NRI APPLICANTS MUST HAVE A LOCAL CO-APPLICANT OR A LOCAL CONTACT PERSON

• LOAN TENURE - LOANS ARE AVAILABLE FOR TENURES UP TO 20 YEARS AND FOR SALARIED CUSTOMERS UP TO 25 YEARS

 

ELIGIBILITY

• THE MINIMUM AGE AT THE TIME OF APPLICATION SHOULD BE 21 YEARS.
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• THE MAXIMUM AGE AT PERSONAL LOAN MATURITY SHOULD BE 60 YEARS OR RETIREMENT AGE WHICHEVER IS EARLIER.
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• MINIMUM NET MONTHLY INCOME SHOULD BE RS.25000
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• SHOULD HAVE COMPLETED MINIMUM 2 YEARS IN EMPLOYMENT AND MINIMUM 1 YEAR IN THE CURRENT ORGANIZATION.
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• SHOULD HAVE COMPLETED A MINIMUM OF 1 YEAR OF STAY AT THE CURRENT RESIDENCE, IF RENTED.

 

Personal Loan

PERSONAL LOAN

 

PERSONAL LOANS ARE AN UNSECURED FORM OF CREDIT THAT IS POPULAR TO MEET IMMEDIATE REQUIREMENTS. IT IS MULTI-PURPOSE IN NATURE AND THEREFORE CAN BE USED FOR VARIOUS PURPOSES INCLUDING WEDDINGS, HOME RENOVATIONS, TRAVEL PURPOSES, AND MORE. MOREOVER, THERE IS NO RESTRICTION FOR THE AMOUNT BORROWED AND CAN BE USED FOR ANY PURPOSE THEY WANT. IN FACT, A PERSONAL LOAN CAN HELP YOU BUILD YOUR CREDIT FASTER WHEN COMPARED WITH OTHER FORMS OF CREDIT. THIS IS BECAUSE OF THE RISK IT CARRIES DUE TO BEING UNSECURED.

NO COLLATERAL REQUIRED

ONE OF THE BENEFITS ASSOCIATED WITH AN ONLINE PERSONAL LOAN IS THAT IT IS UNSECURED IN NATURE. THIS MEANS YOU DON’T NEED TO PLEDGE ANY COLLATERAL FOR YOUR LOAN. ALTHOUGH THIS CAN BE A REASON FOR YOUR INTEREST RATE, YOU CAN GET A LOW-INTEREST PERSONAL LOAN EASILY IF YOU MEET THE ELIGIBILITY REQUIREMENTS.

MINIMAL DOCUMENTATION

IN THIS AGE OF DIGITIZATION, THE PROCESS OF VERIFICATION AND DOCUMENTATION HAS NOW BECOME SHORT. THIS IS APPLICABLE FOR AN INSTANT PERSONAL LOAN AS THEY ARE FAST IN DISBURSAL AND REQUIRE MINIMUM DOCUMENTS FOR APPROVAL.

EASY APPROVAL

YOU CAN GET PERSONAL LOANS THAT ARE QUICK AND EASY TO APPROVAL. THIS IS WHY IT IS THE BEST BET IN TIMES OF FINANCIAL EMERGENCY. MOREOVER, THE PROCESS HAS BECOME DIGITAL; THUS REDUCING TIME IN THE VERIFICATION PROCESS.

MULTIPURPOSE IN NATURE

A PERSONAL LOAN CAN BE USED FOR ANYTHING EXCEPT FOR INVESTMENT AND ILLEGAL ACTIVITIES. APART FROM THAT, IT IS MULTIPURPOSE IN NATURE AND CAN BE USED FOR ANYTHING. OTHER FORMS OF CREDIT WHEN TAKEN ARE FOR A SPECIFIC PURPOSE AND CAN BE USED ONLY FOR THE SAME. FOR EXAMPLE, A HOME LOAN IS USED FOR PURCHASING A HOUSE WHEREAS A CAR LOAN IS TAKEN TO BUY A CAR. HOWEVER, A PERSONAL LOAN CAN BE TAKEN TO OFFSET ANY IMMEDIATE REQUIREMENTS.

Used Car Loan