Ruloans: November 2022

Things To Consider Before Taking A Business Loan Balance Transfer - Ruloans

A business loan refers to a specific loan specially taken to fulfill the needs of one’s ongoing business. The loan is given by banks and NBFCs at attractive interest rates and for longer tenures. The tenures range from 1 to 4 years. The interest rate for business loan balance transfer starts from 15%*. Each bank and NBFC offering a business loan has their own specific eligibility criteria and required documents list as per their policy requirements.

You can choose a bank or NBFC for business loan as per your needs and the one which offers you lowest interest rate in the market. But many times this happens that after a specific period into the loan, you may realize that there is some other money lender who is offering the same loan with lower interest rates than yours’ with exciting loan terms. Here you have the option to change your loan from one bank to another to avail the said benefits. But there are some things to consider before you take such a major decision:

Your Quick Guide Through Car Refinance Loan - Ruloans

Banks and NBFCs in India offer 3 types of major loans: new car loan, used car loan and car refinance loan. A new car loan is taken to buy brand new car and a used car loan is taken to buy used/second hand car. Car refinance also known as loan against car is a popular and yet new type of loan offered by banks and NBFCs in India. This is a type of secured mortgage loan. One can get this loan by mortgaging his/her car to the bank/NBFC. The loan amount, tenure and interest rate in car refinance loan depends upon the loan borrower’s profile and the lender’s policy.

Car refinance is the ideal type of loan when you need urgent finances to provide for any emergency. The loan amount approved in car refinance loan depends upon the value of your car. The value of your car is determined by car experts who are appointed by the loan lender. Banks and NBFCs give loan amount up to 60% to 70% of the car value for the tenure of maximum 60 months i.e. 5 years.

Eligibility criteria to get a car refinance loan:

Banks and NBFCs have very specific car refinance loan eligibility criteria to give car refinance loan. The loan borrower should be Indian citizen and should be at least 21 years old. The loan borrower should have a strong credit score of minimum 750. Banks and NBFCs have further divided their eligibility criteria as per the profession of the borrower:

Salaried Applicant

. This category includes regular salaried employees of private limited companies, public sector, government employees etc.

. The applicants should be doing a job for minimum 2 years and should be with the current employer for minimum 1 year.

. The applicant should have a minimum earning of Rs. 2,50,000 p.a. (including spouse’s if co-applicant).

Professional Applicant/ Self-Employed Applicant

. This category includes professionals like doctor, engineer, architect, chartered accountant, trader, commission agent, contractor etc.

. The applicants should have been in business or the current profession for at least 2 years.

. The applicant should have a minimum earning of Rs. 2,50,000 p.a.

What are Things to Check for Loan Against Property?

Loan against property is a loan that is given by Banks and NBFCs to any person that owns a property. The reason why you might have not heard a lot about this loan is that people only opt for this when they require a huge loan amount.

In India, the majority of Banks and NBFCs provide loans against property to any person that owns a property. This property can be anything from residential to commercial or industrial. It is also considered to be a secured loan that means there will be an asset that will be kept as collateral.

Because of this being a secured kind of loan, it is highly possible to get a lower loan against property interest rate. Yes, the interest rates are lower than most of other loan types because of the secured factor.

There are some eligibility for loan against property:

Yes, we must keep you aware of the loan against property eligibility established by Indian banks and NBFCs. These criteria must be fulfilled by a person if they wish to apply for a loan against property.

Individual’s age — 18 years+
Indian citizen
Owner of a property (residential, commercial, industrial)
Things Banks check when you apply for a loan against property

Could DSA Be The Right Way? Things to know before applying for NBFC or Bank DSA Registration

A Direct Selling Agent (DSA) acts as a bridge between a bank or NBFC and a loan applicant. Applying for loans can be a time-consuming and confusing affair, and DSAs help make this process easier for everyone. For their efforts, DSAs are paid a percentage of the total loan amount borrowed.

Banks and NBFCs actively seek DSA registration as such agents can help them reach more people and receive a higher number of applications. Online DSA registration has recently begun, and the DSA registration process is now easier than ever.

Once you complete your DSA registration online, you can start helping institutions reach potential customers. However, there is some essential information you must know before applying for a bank or NBFC DSA Registration online.

Know How Ruloans Will Help You Grow Business In Nashik

Nasik, which later came to know as Nashik, may be described as ‘The Wine Capital of India’ which reportedly produces 10,000 tonnes of grapes per year. Nasik has near to more than half of the wineries in India; Sula Vineyards happens to be the largest. India Grape Harvest and SulaFest are some of the wine festivals held there. Apart from being home to large-scale manufacturing facilities such as Mahindra and Mahindra, CEAT Limited, Crompton Greaves, Graphite India, ThyssenKrupp, GlaxoSmithKline, Hindustan Coca-Cola, Hindustan Unilever Limited, and more, Nashik has begun to emerge as an investment destination for Information Technology companies.

Wobbly market scenarios may cause your finances to deteriorate, which in turn could put your business expansion plans on hold. In such a time of shortage of finances, turn around to look at a Business Loan at reasonable interest rates to put your enterprise back on the path. Whether you have a plan to acquire real estate or a strategy for infrastructure investment or plan to upgrade plant and machinery or technology, or whether you propose to increase your staff strength, Ruloans has the know-how to see you complete every phase to secure for you a hassle-free Business Loans in Nashik at no extra costs.

Business loan for working capital in Nashik

To run a business smoothly every businessman needs a strong flow of working capital. Be it to pay your employee’s salary, purchase office goods, pay bills or any other reason, working capital is a must. But sometimes you may find the lack of working capital to run day to day business operations. You can solve this problem by taking a business loan for working capital in Nashik.

Business loan to buy equipments in Kolhapur

Nashik has a huge manufacturing set up in the state of Maharashtra. A manufacturing business runs smoothly if the machines it’s using are modern, cost efficient and super fast. Your business in Nashik can touch new heights if you update your factory with such equipments. You can get a business loan to buy equipments with exciting interest rate if you apply via Ruloans.

Business loan to develop your infrastructure in Kolhapur

As Nashik is transforming into a modern city, it reflects on its infrastructure too. The city has many malls and multiplexes to tend to every need of its citizens. As the larger infrastructural space of city is changing, so are the spaces from where the city’s businesses operate. People now-a-day believe judging a book by its cover. Thus it has become very important to have a modern and well furnished office space to meet your prospective future clients. To give your office a modern look is the need of the hour but it surely does not come cheap. That’s why Ruloans helps you take a business loan to develop the infrastructure you work within.

Business loan to expand your business in Kolhapur

Every businessman dreams of expanding his or her business from its local boundaries. We at Ruloans understand your need to expand your business vertically as well as horizontally within the city and outside its parameter. We help you borrow the right business loan to expand your business in and outside of Nashik.

Loan Against Property Interest In Nashik - Ruloans

Loan against property, popularly known as LAP is one of the best substitutes for personal loan. Almost all banks and NBFCs in India offer LAP to its customers. LAP is basically where you get a loan amount by keeping your property as collateral to the bank or NBFC. You can get a loan by keeping your residential as well as commercial property as collateral. The loan amount given by the bank or NBFC depends on the current value of the property and loan borrower’s financial history.

The final amount ranges from 40% to 60% of the land’s current value. The tenure for LAP ranges from 1 to 15 years as per the amount and loan borrower’s ability to pay it off. Even though your property is kept as a mortgage to the bank or NBFC, you are allowed to live in or use the property as you desire. LAP can be taken to fulfill any personal or professional needs of the loan borrower.

Nashik, a city is formerly known as Nasik in the state of Maharashtra derives its name from the Sanskrit word ‘Nasika’ literally means ‘Nose’. The table grape revolution took Nashik by storm to make the region the ‘Wine Capital of India’. The region produces 10,000 tonnes of grapes every year, and exports reach Europe, the Middle East, and Asia. Hindustan Aeronautics Limited located here makes Nashik a defense and aerospace manufacturing hub. The Currency Note Press and India Security Press where current and government stamp papers are printed are located in Nashik. One of the fastest growing cities in India, Nashik also has a repute for being an automobile hub.

An advantage such as a piece of real estate, a house, or any other commercial property can be used as security to borrow funds. Money makes the world run. Encountered with a shortage of funds to face emergencies or urgent expenses, a Loan against Property in Nashik can ease your financial apprehensions. You don’t have to sell your property; a LAP gives you the free will to avail yourself of multipurpose funds by mortgaging the same. Ruloans has partnered with several well-known Banks and NBFCs to offer you an assortment of LAP options to choose from; Ruloans will get a hassle-free Loan against Property in Nashik on reasonable terms.

LAP is a type of secured loan so the interest rate charges are much lower compared to personal loan. Banks and NBFCs offer two types of interest rates to its customers: fixed interest rate and floating interest rate. The loan borrower can choose any one as per his or her preference. In fixed interest rate the interest rate stays the same throughout loan tenure. In floating interest rate the interest rate changes as per the fluctuations in market throughout loan tenure.

The interest rate in LAP is decided as per the loan borrower’s financial history, loan amount, loan tenure and the bank or NBFC’s policy. The interest rate changes from person to person.

4 Reasons Why Personal Loan Demand is increasing Every Year

An unsecured loan by nature, securing a personal loan for almost any immediate need comes easy. Most financial institutions offer personal loan products that feature relaxed personal loan eligibility criteria, minimal personal loan documentation requirements, and more despite being a collateral-free offering. Being a multipurpose loan, there are no end-usage restrictions, which means you may use these funds for expenses that range from education to home renovation and medical emergencies, travel, marriage, debt consolidation or any use that you may deem fit.

Readily available, personal loans today account for approximately 28% of total bank credit, and this segment has seen a surge in the market indicating that people are more confident about taking such a loan than was the case in the years gone by.

How to Get Personal Loan in Mumbai Without Documents - Ruloans

Since the demonetization, the term cashless transaction has been taking the centre stage in India’s financial circle. The spillover effect has been seen in personal finance too, where the term paperless personal loan or personal loans without documents have come into existence. Technology has allowed digital lending platforms to address traditional banking pain points and streamline the processes, such as personal loan documents and approval, and the time taken for disbursement.

Mumbai the capital city of the state of Maharashtra has the highest number of millionaires and billionaires in India. With a population of approximately 20 million, this financial centre stands as the second-most populous city in India, and the eighth most populous city in the world. A natural deep harbour situated on the Konkan coast on the country’s west shoreline, Mumbai was named an alpha world city in the 2008.

One of the costliest cities hosting numerous multinationals and corporates, this commercial city has a reputation for being the city of dreams attracting migrants in search of opportunities. To fulfil your dreams, you need money. We at RULOANS are here to help you fulfil your dreams by being a guide who assists you to secure personal loan in Mumbai without documents at the lowest possible rate of interest on the best terms and conditions at no extra cost.

Personal in Mumbai without documents:

Many lenders, particularly NBFCs and some private sector banks, are willing to grant personal loans without documentation based on their relationship with the applicant. In order to be eligible for a document-free personal loan, you need to follow good financial habits that improve your creditworthiness in the eyes of the lender.

Following are some of the things that you should keep in mind if you wish to take out a personal loan without documentation:

Maintain a Healthy Credit Score - Your credit score is the single most important indicator of your creditworthiness. It is, therefore, advisable to maintain a good credit score, ideally more than 750, to be eligible for document-free personal loans.

Pay All Your Dues on Time - If you hold a credit card, you must ensure that you always clear your dues before the payment due date and keep the credit utilisation below 30%. By doing so, you signal good financial health and punctuality to the lender.

Establish a Good Relationship with the Lender - If you apply for an instant document-free personal loan with a lender you already have a good relationship with, you are more likely to get the approval. For example, you are more likely to get a personal loan without documentation from a bank you already have an operating account with.

Avail Pre-approved Loans - If you have a good credit profile, some of the lenders might even offer you pre-approved personal loans up to a certain amount. As these loans are already approved, no documentation is required while applying.

Features and Benefits of Business Loan in Mumbai - Ruloans

Mumbai, the financial, commercial, and entertainment capital of India was officially known as Bombay until 1995. The city ranks among the top ten centers of commerce in terms of global financial flow. The highest number of millionaires and billionaires in India are found in Mumbai. This ‘alpha world city’ has a population of roughly 20 million. Mumbai houses a number of corporate headquarters, and financial institutions, and accounts for 25% of India’s industrial output. Built after reclaiming the ‘Seven Islands of Bombay’, the city’s ancient heritage can be found in caves in and around the city.

Volatile trends or market indecisiveness may cause your business finances to decline to threaten to put your business expansion plans on the back-burner. Take a look nearby; there are resources available in the form of a Business Loan in Mumbai at practical rates of interest. Whether you have a plan to procure real estate or a strategy for an infrastructure venture or plan to upgrade plant and machinery or technology, or whether you plan to increase manpower, Ruloans has the experience and expertise to get you through every phase to secure for you a hassle-free business loan in Mumbai with no surplus charges.

Features and Benefits of a Business Loan in Mumbai

Investments are part and parcel of growing an enterprise. Advanced equipment, skilled staff, and other factors are essential for growth. However, a shortage of funds shows up as a major obstacle to growth. A business loan has the capacity to bridge the gap to provide the much-needed push, especially since such a loan requires no collateral. Take a look at the features of a Business Loan in Mumbai.

Flexibility - Banks and NBFCs are not equity investors to interfere with how you run your business. Nobody dictates the use of the money you receive by way of a business loan. Timely repayments make sure you are in charge of spending.

Convenient Process - Securing finance for you has not been more accessible than getting a business loan approved. No long business discussions and plans. Just your simple and straightforward go to the bank and get the money approach works.

Prudent Rate of Interest and tenure - Competition among lenders brings out the best in terms of offerings for borrowers. Business loans are the best offering in terms of the rate of interest and shorter tenures. The reasonable interest rate for business loan funding a good alternative for your enterprise.

Collateral Free - Small and medium enterprises generally do not possess many assets to provide as collateral for loans. Business loans on the other hand don’t require collateral security, and as such you don’t need to worry about going to the bank repeatedly for funds.

Multiple Options - Banks and NBFCs offer a bouquet of business loans to provide for your business needs. Whether you’re looking for funds to upgrade machinery and equipment, or you’re in need of funding for hiring skilled staff, you’ll be surprised at what lenders have to offer.

Working Capital Option - Since there are no end-user restrictions on the funds received by way of a business loan, in times of liquidity crunches, you have funds at your disposal to tide through. You simply don’t need to dip into emergency funds to cover short-term capital needs.

No Profit Sharing - When you turn to investors to fund your enterprise, you mull over profit-sharing as ROI or return on investments for investors, which fluctuate. This does not apply to funding by way of a business loan, since the terms and conditions of your loan govern by set parameters such as interest, fees, etc.

Quick Disbursal - Easy eligibility and minimal documentation cause a business loan to be disbursed quickly. Your enterprise emergencies are dealt with swiftly, and you don’t need to halt operations to plan and execute growth strategies.

Eligibility Criteria for a Business Loan in Bhopal - Ruloans

Bhopal the capital city of Madhya Pradesh known as the City of Lakes has a number of industries in operation around the metropolis. Pharmaceuticals, automobiles, textiles, and the production of electrical goods dominate the industrial landscape in and around this city. Once the scene of the Bhopal Gas Tragedy, when Union Carbide a pesticide manufacturer leaked a deadly gas, the city has been named one of the twenty smart cities. Bhopal has a Mega Skill Park to support IT development being built in the eastern portion of the city.

Declining trends or market instability may cause your business finances to decline, and put your business development plans on hold. Take a look nearby; there are funds obtainable in the form of a Business Loan at reasonable interest rates. Whether you have a plan to acquire real estate or a strategy for infrastructure investment or plan to upgrade plant and machinery or technology, or whether you plan to increase your staff strength, Ruloans has the experience and know-how to see you through every phase to secure for you a hassle-free business loan in Bhopal at no additional costs.

Eligibility Criteria for a Business Loan in Bhopal:

The term Loan Eligibility in broad terms refers to qualifications to avail of a business loan from a bank or an NBFC. Lenders use Eligibility Criteria as a standard to resolve the number of funds to be lent on the basis of your financial credentials such as your business income, financial commitments, etc., subject to your business vintage, which decides your business loan tenure. . Eligibility criteria for Business Loan in Bhopal are listed below.

Age - Your age should be minimum of 21 years, and maximum of 68 years at Loan Maturity.

Nationality - You should be a Resident Citizen of India without having defaulted on any previous loans, and without any Criminal Record.

Credit Score - Your credit score should be 650 or higher.

Eligible Entities - Individuals, SMEs, MSMEs, Sole Proprietorship, Partnership Firms, Public and Private Limited Companies, Limited Liability Partnerships, Retailers, Traders, Manufacturers engaged in Services, Trading, and Manufacturing Sectors.

Business Vintage - The age of your business should be minimum 1 year in profitable operations.

Annual Turnover - The annual turnover of minimum Rs.12 lakhs and above for existing enterprises.

Additional Criteria - You must own a residence, an office, a shop, or warehouse.

What are the benefits of taking a loan against property in Gujarat?

A loan against property (LAP) also called a property loan or mortgage loan is a loan that Banks and NBFCs in India give over your property. This property must be owned by you and only then can you apply for it. LAP is given on residential, commercial and industrial properties.

Gujarat a state in the west of India has a reputation for being one of the most industrially developed states in India. The fourth-largest economy of the country has a GDP of nearly Rs. 20 million.

An advantage such as a plot of land, a house, or any other commercial property can be used as surety to borrow funds. Money makes the world turn around. Confronted with the scarcity of funds to accommodate emergencies or urgent expenses, a Loan against Property in Gujarat can help you put all your financial fears to rest. You don’t have to sell your property; a LAP offers you the independence to avail multipurpose funds by mortgaging the same. Ruloans has affiliated with several reputed Banks and NBFCs to offer you a range of LAP options to pick from; Ruloans will help you get a hassle-free Loan against Property in Gujarat on practical terms.

Benefits of a Loan against Property in Gujarat:

Availing a Loan against Property requires a simple online application for salaried employees, business persons, and self-employed individuals, who own clear title residential or commercial properties that can be used as security. Faced with a shortage of funds, a LAP has the capacity to release you from your financial worries. Take a look at the features of a Loan against Property in Gujarat.

High LTV Ratio - Ruloans’ partner banks and NFBCs have the best to offer you in terms of Loan to Value (LTV) ratio, such that you are comfortable with big-ticket expenses. Loan-to-Value ratio refers to the amount of LAP that can be availed based on the current value of your property.

Competitive Interest Rates - Check out the LAP options offered by our partners; you’ll be amazed how easily you can leverage your property to avail of cost-effective funds. Get a LAP at affordable interest rates to ensure low EMI outgoings to reduce the cost of your loan.

Long Tenures - Competition among banks and NBFCs brings out the best in terms of offers. LAPs offer long repayment tenures that range up to 15 years. This gives you an opportunity to manage your finances over a long period of time to suit your needs.

Prepayment Option - A prepayment option allows you the opportunity to reduce the cost of your LAP. You can exercise this option to prepay your loan whenever you have access to extra funds. Prepayment charges offered by our partners equal the best in the industry.

Balance Transfer Facility - Ruloans offers loans against property with balance transfer facilities. Balance transfer refers to the transfer of the entire outstanding LAP balance from the current bank to another bank. You are allowed to exercise this option when you want to take advantage of a better offer.

Top Up Loan - There are times when you may require more funds than are available. A top-up loan refers to a facility offered by a financial institution that allows you to borrow a sum over and above your current loan amount based on your repayment capacity, for a small fee.

Tax Exemption - You may claim tax exemption on LAP under Section 37(1) of the Indian Income Tax Act if funds are utilized for business. A salaried person can claim deduction of Rs. 2 lakhs under Section 24(B) if funds are used for purchase of another residential property. Deductions are only on interest paid.

Quick Disbursal - Digitalization has made the loan process a simple and easy one; especially in the case of a LAP with easy eligibility and minimal documentation. Processed and approved quickly, you’ll find your money in your account more swiftly than you thought possible.

Eligibility Criteria for a Personal Loan in Lucknow - Ruloans

Lucknow, proudly called as the city of Nawab, is a vital center for administration, commerce, finance, aerospace, technology, tourism, among others. Lucknow is one of the oldest and most exotic cities in India. It is a very popular traveler's destination, thanks to its history of fine traders and weavers bringing in much needed ethnicity in Indian fashion.

This has given rise to a blooming network of small businessmen dealing in textiles in the city. The city is also known for delicious food, and is home to some of the best street food in India. However, being part of one of the most populated cities in India brings its own challenges. It takes a lot more effort to fulfil your personal dreams and aspirations — such as expanding your small business, a dream vacation for your family, high quality consumer goods, a top-notch mobile phone, a dream wedding, and so on. Ruloans offers a customized personal loan in Lucknow to help you achieve all of your dreams.

You Need Some Eligibility Criteria for a Personal Loan in Lucknow.

The term Loan Eligibility in broad terms refers to your ability or capacity to avail a personal loan from a bank or an NBFC. Lenders use Eligibility Criteria as a benchmark to decide the quantum of funds to be lent on the basis of your financial credentials such as your income, other obligations, an additional source of income, etc., subject to your age, which decides your personal loan tenure. Income and age are not the only criteria for determining loan eligibility. Combinations of other factors such as your employment, your CIBIL score, etc., are also used to determine personal loan eligibility. Eligibility Criteria required are as listed below:

. Age - Your age becomes an important criterion as a measure of your ability to repay a Personal Loan. As a rule, you will not be denied a personal loan should you be a person aged between 21 to 60 years.

. Types Of Employment - Should you be a salaried individual, you are eligible for a personal loan.

. Employment Status - Your term or period of employment becomes a measure of your reliability to repay a loan in time. A Personal loan for salaried employees dictates that you must be working for an MNC, or a Private, or Public Limited Company, with a minimum work experience of 2 to 3 years.

. Income - The minimum salary or income required for a personal loan for eligibility differs from lender to lender. You as a salaried person should have a minimum salary of Rs. 15,000 per month.

. Credit Score - Lenders assess your creditworthiness or ability to repay a personal loan by accessing your credit score, which derives from your credit history in your credit report. Your credit score affects the loan amount, period of credit, interest rate, and terms that you are offered. Your Credit Score (CIBIL) should be above 650.

Features and Benefits of a Personal Loan in Jaipur - Ruloans

A popular tourist destination, Jaipur forms a part of the west Golden Triangle tourist circuit. Already a major automotive industries hub, and emerging IT hub, Jaipur has Asia’s largest incubator called the Bhamashah Techno Hub.

Should you come face to face with an awkward financial circumstance, or critical situation expenditure such as a medical or wellbeing expense, or a vital travel expense, which might make you anxious while working and living in this city of Rajasthan, you would want all-encompassing fiscal guidance to see you through. Such times of adversities can be tackled with the assistance of Ruloans Personal Loan in Jaipur on real-world terms. We at Ruloans are here to guide you in your times of stress at no extra cost.

Here are some Features and Benefits of a Personal Loan in Jaipur:

Available as a loan that requires no collateral, you can avail of a personal loan easily on the basis of your income. A personal loan has many ends uses, some of which are listed below.

Medical Emergency - An emergency personal loan to finance sudden and unforeseen expenses.

Travel Loan - A personal travel loan that covers expenses while on vacation or a holiday.

Wedding Loan - Meet marriage related expenses with a personal wedding loan for a special occasion.

Debt Consolidation - Pay off old debts and reduce interest payments with a personal debt consolidation loan.

Home Renovation - A personal home renovation loan to upgrade and improve your residence.

Education Loan - Pursue higher studies with a personal education loan to cover your expenses.

Basically, a short-term loan, the term of a personal loan ranges from 12 to 72 months. This means that you don’t have to burden yourself for a longer duration, and if you wish, you may close the loan conveniently at any time during the tenure in accordance with the policy of your bank. Approved and disbursed quicker than most loans within 24 to 48 hours, a personal loan in Jaipur requires minimal documentation such as KYC, income documents, and employment documents.

Documents Required for Business Loan In Gujarat - Ruloans

Gujarat is a beautiful blend of historical places, temple towns, wildlife, and replete with agricultural and industrial production. This home state of Mahatma Gandhi has emerged to be one of the wealthiest states of our country and boasts of low unemployment.

Gujarat, the westernmost state of India, has always been at the forefront of ease of doing business. It is one of the leading industrial nations in the country. Furthermore, several government initiatives have accelerated the growth of small businesses in the state. While running a small business, the main issue an entrepreneur faces is the business’s financial needs.

Ruloans comes to the rescue of all those budding entrepreneurs in financial needs with trouble-free quick business loan in Gujarat. The Ruloans aims to provide much needed financial assistance to the aspiring entrepreneurs of Gujarat.

The below stated documents are to be submitted along with your application form:

Identity proof (PAN card)
Proof of Address
Bank statements (past 6 months)
Latest ITR with income computation, balance sheet, profit and loss account (past two years)
Proof of business existence like Trade license / Establishment / Sales Tax Certificate.

Depending on your profile and our policy, additional documents may be requested.

What is the Eligibility for Home Loan in Gujarat - Ruloans

Gujarat a state on the west coast of India, a site of the ancient Indus Valley Civilisation was the world’s first dry dock, and one of the first seaports. One of the highly industrially developed states in India at present, Gujarat was a once major trading center of the Maurya and Gupta empires. The state houses the only Liquid Chemical Port in India and the largest shipbreaking yard in India. Two of the three LNG Terminals in the country are located in Gujarat. Reliance Industries also has an oil refinery here. The state houses the only wild population of the Asiatic lions in the world at the Gir Forest National Park.

Ruloans, a one-stop shop for hassle-free loans distributes home loan solutions under one roof. Whether you’re in search of funds to procure a new house or build a house on a piece of real estate, Ruloans offers you a wide assortment of solutions to suit your every single housing necessity. We’ve associated with well-known Banks and NBFCs to bring you an affordable Home Loan in Gujarat with a period extending up to 30 years at low-interest rates to let you adjust and plan your EMIs. Make your dream home a certainty; Ruloans will get you a hassle-free Home Loan in Gujarat at no surplus costs.

Here some eligibility are needed for home loan in Gujarat are below:

Age Proof - A Copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card & School Leaving Certificate.

Address Proof - A copy of your Utility Bill / Bank Statements / Property Registration Documents / Property Tax Receipt / Voter ID.

Salary Slips - A Copy of your Salary slips for the last three months / Appointment letter / Yearly increment letter / Certified true copy of Form 16.

Photo Identity Proof - A copy of your Voter ID / Passport / Driving License / Aadhaar Card / PAN Card.

Income Proof - A copy of your Salary account bank statements for the last six months.

Existing Loan Details - Existing loan details should be provided through bank statements.

Processing Fee Cheque - To be issued from the salary account for Salaried customer or the business account in case of Self.

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