Car Loan(New/Used)

Car Loan(New/Used)

June 20, 2024

 

Features and Benefits of our New /Used Car Loan

• Quick Car Ownership:  Get your dream new car without waiting to save up all the money.
• Flexible Financing:  We lend you the funds needed to buy the car, and you pay us back in smaller, manageable installments.
• Enjoy the Newness:  Experience the excitement of a brand-new car with all its latest features.
• Options Galore:  Choose from a wide range of Old or New car models that suit your taste and needs.
• Building Credit:  Making regular payments can help improve your credit score over time.
• Warranty Coverage:  Many new cars come with warranties that provide peace of mind.

    For Salaried Individuals

1. Individuals who are at least 21 years old at the time of loan application and no older than 60 at the end of the loan tenure

2. Individuals who have worked for at least two years, with at least one year with the current employer

3. Individuals with a minimum earning of Rs. 2,50,000 per year, including the income of the spouse/co-applicant.

For Self Employed Individuals

1. Individuals who are at least 25 years old at the time of application and no older than 65 at the end of the loan tenure.

2. Those who have been in business for at least three years.

3. Should earn at least Rs. 2,50,000 per year

Used Car Loan Eligibility Calculator

Refer to calculator

Used Car Loan Eligibility Criteria for Top Banks:

• Age: Generally 21-65 years.
• Income: Minimum monthly or yearly earnings.
• Employment: Stable job with experience (1-2 years).
• Credit Score: Good score, often 650 or higher.
• Down Payment: Certain percentage of car's cost.
• Documentation: ID, address, income proofs, car papers.
• Loan Amount: Based on income and repayment ability.
• Debt-to-Income Ratio: Consideration of existing debts.

Used Car Loan Eligibility for Salaried Individuals/Self-Employed Individuals

Factors Affecting Used Car Loan Eligibility:

• Credit Score

• Income Level

• Employment Stability

• Debt-to-Income Ratio

• Age of Car

• Loan Amount Requested

• Down Payment Amount

• Loan Tenure

• Credit History

• Existing Financial Obligations

Documents Required to Apply for New Car or Used Car Loan

• KYC documents (Valid Photo ID Proofs)
• PAN Card
• Last 2 years' ITR as proof of income
• Salary Slip (latest 3 months)
• Salary account statement(latest 6 months)
• Signature Verification Proof
• Performa Invoice of the New Car If Used Car Purchase Kindly That Car Full Set Of Documents{R.C Book,Insurance,Noc,Ownership Tranfer Certificate,Owner Details}

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Housing Loan

Housing Loan

May 30, 2024

 

A housing loan/home loan is usually taken for purchase, construction, or renovation of a property. The property remains with the lender as security for the duration of the loan. Interest rates on home loans are fixed or floating. UNICAP FUND SOLUTION is a home loan professional who offers you the best home loan rates in Mumbai at low home loan interest rates, fast home loan approval. We are Providing for affordable housing loans in All Over Tamilnadu.

You can take out a home loan for reasons like:

Buy a House

The most common type of loan to buy house is a mortgage property until you repay the loan.

House construction

If you have land and you need money to build a house on it, then you can choose a house construction loan.

Expansion of the house

If you already have a home, and want to expand it, you can choose this option.

Home renovation

Home renovation loan is best suited for improving and upgrading existing homes

for a better life.

Land purchase

Loan to purchase land is designed to facilitate the purchase of land/plots.

Balance transfer

Home Loan Balance Transfer lets you transfer your high interest rate loan to a

low interest rate bank or financial institution to reduce your EMI burden.

Steps To Get Home Loan

• Fill out and submit a home loan application.

• Submit the required documents for further processing.

• Pay the home loan processing fee.

• Your home loan application and documents will be examined and verified.

• Your home loan application will be sent for approval or approval.

• Your lender will visit the property you want to purchase for legal

inspection.

• After approval, your home loan amount will be disbursed by check.

How To Loan Eligibility Criteria

The basic home loan eligibility criteria are as follows:

Age

• Salary Person - 21 years to 58 years

• Self-employed persons - 25 years to 65 years

Employment

• Salary Person - At least 2 to 3 years proof of working in a Private or

Public limited or Propertiorship or Partnership or Handcash company

• Self-employed person - Proof of having at least 1 years in the current

business

Income

• Salary Person - Minimum Rs. 15,000 per month

• Self-employed persons - Minimum Rs. 250,000 per year

Credit score

• Generally, a credit score of 650 is considered a good score for home

loan approval

Other eligibility criteria

• Must have resided in the city of residence for at least 1 years.

• NRIs can be made only through normal banking channels or by

sending NRIs from abroad through this account.

• If you are a salaried professional, your monthly EMI can be

considered against a loan of about 50% of your monthly gross

income.

• Make sure your credit history is not bad before applying for a home

loan.

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Personal Loan

Personal Loan

May 27, 2024

 

   

             

We, as a loan provider, provide best services to our clients for personal loan.

Customer Having Minimum Account Salary 12k We are Providing Personal Allover India With Low Rate Of Interest.

Personal Loan Features

A personal loan is an unsecured loan that is not backed by collateral or security. This makes it a flexible financing option, as there are no limitations on its use.

The followings are the ways a personal loan can be useful:

• Debt consolidation:  Combining multiple debts into a single loan with a lower interest rate to save money on interest payments and make it easier to manage debts.
• Home renovation:  Using a personal loan to fund home renovation projects can increase the value of your home and improve your living conditions.
• Medical expenses:  If you have unexpected medical expenses, such as emergency surgery or hospitalization, a personal loan can help cover the costs.
• Emergency expenses:  A personal loan can help cover unexpected expenses like medical emergencies or car repairs to avoid financial hardship.

Documents required to apply for Personal  Loan

• Identity Proof  - Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card

• Proof of Residence or Address Proof - Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card, Electricity Bill, Telephone Bill, Ration Card 

• Age Proof -  Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card

• Income Proof - 1 year Bank statement, 3 months Salary Slips

• Employment Proof - Employment Certificate, Office address proof

• GST or VAT Registration for Self-employed

• Photograph - Passport-size photographs

• Business proof - Business registration documents such as a partnership deed, Memorandum of Association (MOA), Articles of Association (AOA), etc.

• Income tax returns – Documents of the past 2-3 years to verify income and tax payment history

  EMI Calculator for Personal Loan

An EMI calculator is a useful tool that can help you estimate the monthly installments you will have to pay towards your personal loan within a specific period. By using the Ruloans Personal Loan EMI calculator, you can calculate your EMI beforehand, which can help you plan your finances better. Additionally, you can check your eligibility and compare different loan options using Ruloans Personal Loan calculator.

  Fees and Charges for Personal Loan

    The fees and charges of personal loans usually vary from lender to lender and from case to  case. The aforementioned table will give you a fair idea of the fees and charges related to personal loans.

Other fees and charges that lenders may levy on your personal loan include documentation charges, verification charges, duplicate statement charges, NOC certificate charges and swap.

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Working Capital

Working Capital

January 31, 2023

Every business requires working capital and working capital means the

funds required to carry out the tasks of daily business which may include

rent, salary, raw materials, upgrade technology, maintain cash flow, pay

utility bills, and other expenses required for the business.

UNICAP FUND SOLUTION provide working capital finance service in Tamilnadu and offer

professional working capital solutions. We offer working capital advisory

services, working capital against work order, working capital term loan and

during the period ensure a pleasant experience throughout your borrowing

journey.

 

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Loan Against Property

Loan Against Property

January 31, 2023

 

Tamilnadu is the financial and commercial capital of India which keeps the

value of the real estate market constantly rising, and in such places your

property can be used for your financial needs.

If you are in need for urgent funds then we help you get the loan against

property in Mumbai, Thane at low interest rates. Get quick and hassle-free

loan on property mortgage with minimal documentation.

Finance / Loan against property is the best financial product to raise funds

that can be used for personal and business use. This includes residential,

commercial and industrial properties through which you can avail loan

against property without income proof.

1. General economic needs

At times in life there may be financial need such as renovation of property,

higher studies and travel expenses etc. And in that case, you can get rid of

your problem with this.

2. Business expansion

There is a huge financial need to expand the business and you can easily

get the required amount by mortgaging your property.

3. For immediate working capital requirement

If you have land and you need money to build a house on it, then you can

choose a house construction loan.

4. Buying commercial Property

With a loan on your existing Property you can start a New business or

prosper by buying a commercial property.

5. Investment in machinery and technology

Investment in machinery, equipment and technology is essential for the

growth of any business and your assets can be useful in times of great

need.

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