KURAKULA'S Finsol Services was incorporated April 19, 2009. Main activity of the Company is leasing, rental and lending of money against the securities, real and personal property. It also provides services such as Card Loan, Personal Loan, Housing loan, Business Loan, Mortgage Loan, Car Loan, Education Loan, Machinery Loan, Gold Loan, Commercial Vehicle Loan.
The company does not accept deposits from the public and has no subsidiaries. The overall management of the company vests with the board of directors composed of individuals with experience in the banking, business and industry. The company built on high standards of integrity, fair trade and effective, safe and reliable financial policies. Main activities of the Company are liteasing, rental and lending of money against the securities, real and personal property, loan services.
Main services of the company are to provide financial services. It provides the updating of legislation, investments, stock trading, loans and investment services in real estate lending services.
Unlike other types of loan available in the market, credit card serves as an interest-free loan for a period of time. These credit cards are aimed at increasing the purchasing power of the user by giving free accesses to credit up to specified limit subject to the repayment of the amount within the billing cycle.
There are different types of credit cards that will benefit you in many ways on usage
Credit cards are plastic alternatives to the bundles of cash in your wallet. There is no such credit card that stands best in every aspect in India. Your right choice of credit card depends on what you want it for. If you are having large outstanding debt with high rate of interest, balance transfer credit card will be your choice. You can choose between the cards that offers 0% interest for longer time or short interest free period with no transfer fee.
On the contrary, if you want to use the credit cards for making purchases and spending, look for the cards, look for the cards that offer 0% on new purchases for a longer period.
APR on the credit card is nothing but annual percentage rates levied by the credit card companies. It is actually a great basis for comparing each credit card. Lower the APR charges, lower will the interest rates and other related fee. Apart from that, you need to check various terms and conditions related to credit card use before you hit apply button.
Maximum age of applicant at loan maturity: 18 years
Salaried/ self-employed with regular source of income to pay back bills
Good
Savings account on your name
| Documents | Salaried | Self-Employed |
|---|---|---|
| Address proof | Passport Copy/ Utility Bill (Electricity, Water)/ Rental Agreement/ Ration Card. | Voter ID/ Passport Copy/ Driving License/PAN card/ electricity bill/ Electricity bill/ Title deed/utility bill/municipal tax receipt. |
| Identity proof | Voter ID/ Passport Copy/ Driving License/PAN card/ ID card issued by employer | Voter ID/ Passport Copy/ Driving License/PAN card |
| Income proof | Latest pay slips from past three months, bank statements for 6 months, current salary certificate | Form 16 and a copy of ITR for the last two years, past computation of income, Profit and Loss statement, and balance sheet certified by a C.A. copies of acknowledged IT returns |
Personal loan assist you in getting the money in short order if you qualify. There are in fact popular tools for addressing your versatile finance needs. Taking personal loans can help you realise your vision by spending less time on what if’s and more energy on taking next step towards brighter financial future. With good credit rating, you can lock low rate of interest on your personal loan. This is a short term unsecured loan granted for individual. These loan are commonly used to meet different needs like debt consolidation, unexpected medical expenses, home renovation and much more. The loans come with the benefit of flexibility usage, minimum documentation and quick processing. One can get the loan for the tenure of 5 years without the need for pledging any collateral. Your job stability and credit score plays an important role in the approval of the loan.
Taking a personal loan is a good idea over other types of loan available in the market because these loans are unsecured in nature and there is no limit on the number of ways that personal loan can be put to use. It can be anything ranging from addressing the weeding expenses to buying most desired jewellery. It is in fact a best tool to smoothen the cash flow during the times of cash crunch. Remember, these loans are unsecured nature, your job stability and credit score plays an important role in the approval of the loans.
Though credit score is an important criteria to get a personal loan, few banks are ready to offer the loan for you at high rate of interest. You can even showcase your income proof if income has considerably grown up recently.
Taking a personal loan for business start ups is a good choice too. As it is difficult for the business owner to establish future projections in the start up, business loans will serve the purpose.
You can even get personal loan from the government, even if you are unemployed. There are some institutions like Tata capital, max finance to offer government loan plans for unemployed.
Personal loans can be availed by small business women entrepreneurs. There are different schemes offered by banking institutions like Udyogini Scheme, Mahila Udyam Nidhi Scheme and Dena Shakti Scheme to encourage women business entrepreneurs.
Many people tend to take personal loan for home improvement projects too. Few banks offer 100% of the loan for this purpose and other banks consider covering 90% of the costs.
You can take the advantage of personal loans which fetches you the amount up to 25 laks for the medical emergencies. As these loans does not ask for any collateral, processing of these loans is quick. All you need to showcase is your income proof and credit score for the quick disposal of the loan.
Rate of interest and other related charges of the personal loans are high and it is good idea equip your self with the knowledge related to rate of interest and other related fee of the particular bank when you apply for the loan. Most of the banks offer personal loan with the interest rate starting from 10.4% on the loan amount. The loan is offered for a maximum tenure of 5 years and cap on the loan amount sanctioned is 25 lakhs. Do understand that these personal loans come with the pre-closure charges which vary from bank to bank.
Choosing to go with the personal loan is a simple thought, it is pivotal to consider many other factors while you apply for the personal loan irrespective of the bank you approach. It is important to make sure that the personal loan will not become a burden for you in the future.
| Requirement | Salaried | Self-Employed |
|---|---|---|
| Age | 21-60 years | 21-60 years |
| Employment status | Employment for two years/ employed with current employer | In business since last 5 years |
| Income range | 4000-20000(varies for different banks) | 250,000-10,0000(varies for different banks) |
| Credit score | CIBIL score 350 – 900 | CIBIL score 350 - 900 |
| Documents | Salaried | Self-Employed |
|---|---|---|
| Address proof | Passport Copy/ Utility Bill (Electricity, Water)/ Rental Agreement/ Ration Card. | Voter ID/ Passport Copy/ Driving License/PAN card/ electricity bill/ Electricity bill/ Title deed/utility bill/municipal tax receipt. |
| Identity proof | Voter ID/ Passport Copy/ Driving License/PAN card/ ID card issued by employer | Voter ID/ Passport Copy/ Driving License/PAN card |
| Income proof | Latest pay slips from past three months, bank statements for 6 months, current salary certificate | Form 16 and a copy of ITR for the last two years, past computation of income, Profit and Loss statement, and balance sheet certified by a C.A. copies of acknowledged IT returns |
| Application | Duly filled and signed application form | Duley filled and signed application form |
| Photographs | 2 Copies | 2 Copies |
A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.
In a loan, the borrower initially receives or borrows a sum of money, called the principal, by the lender and is obligated to pay or repay an equal amount of money to the lender at a later time. Typically, the money is repaid in regular installments or partial payments in an annuity; each payment is the same amount.
A mortgage is a great way to finance part of the dream house you've always wanted to own. Here are the six main factors to keep in mind before applying for a mortgage. The most important facts about each term, related to home loans before applying. So it is always advisable to consult an expert home loan as Bazaar ready before applying for a mortgage or buying a property
Most companies charge a processing fee non-refundable will not be refunded, even if you decide not to use the sanction of loan. Lenders incur costs to punish your loan, so in most cases this is not refundable. If someone is promising you that the processing fee check will not be made without your prior consent or the processing fee will be refunded if you do not accept the penalty, the chances are that he is lying.
Fixed costs are usually quoted only fixed for a period of from 12 to 60 months and can be revised there after. Understanding the rate you saw our table detailed comparison of home loan and then decide.
Lenders make an independent evaluation of the property to be purchased and they will fund approximately 80-85% of the assessed value as determined by their assessors. These independent experts are usually conservative and value of the property (especially property purchased for resale) much lower than what you could actually pay. While you may request a second assessment (at your expense off course), you should be willing to pay the difference between the actual price paid by you and the assessment made by the bank beyond the down payment required from 15-20% you.
First, you must complete an application form for home loan.
It is part of middle-class car with cool hideout and home. Only a small percentage of people (including the rich) choose to buy a car outright. Most of them go the way of car loan. All you need is a good enough result and all vehicle documents in place. No need of running to different banks for their lending rates. Compare interest rates on car loans here, on a single click. Please note here that used car loans are slightly more expensive than new car loans.
The loan amount for your car loan is simply the total cost of the car minus the initial deposit. When you increase the deposit, the amount of your loan decreases. For a given interest rate, a reduced loan amount reduces the EMI you have to pay each month.
Once you've put your finger on the car you want to buy, the next step is to ask for a car loan. There is a lot less paperwork involved than a home equity loan because the bank did not verify any asset in the case of housing loans. It takes about three to six days for you to get a car loan, much less time than a home loan.
After finalizing your lender, the lender's agent direct sales will visit you and collect documents supporting proof of income, proof of residence and identity. You may be required to produce copies of his return, pay slips, bank statements, passports, driving licenses and other relevant documents. These requirements vary from lender to lender.
After the presentation of documents, a field investigator will visit your home to double check the facts provided in the documents, such as your residence, seniority in the workplace, and so on. It is essential that you be present during the visit to clarify any questions that the researcher might have. Otherwise, the researcher may not get all the facts clearly and could report the facts you provide are not really add up - forcing the lender to reject your loan application.
Once the lender is satisfied with the authenticity of your documents, the loan is approved. The lender then pays the amount of checks or drafts of the request.
Apply with car loans leading provider of India:When a person does not have sufficient financial amounts with him and he left no other option than to apply for car loans. He need not worry because he has the sample of choice on the internet. It can easily compare car loan rates and find the perfect match to suit their needs.
There are many auto finance companies, which offer different types of car. After comparing the different offers car loan, you can-finance, restrict his choice and get the best auto loan available. The company that provides comparison rates car loan should have business loans and different products that can be compared.
Personal car finance is also offered by many institutes; one can even compare and find the perfect match. The Agreement comparison should also be improved by the company to meet customer requirements. Every time a new car loan company enters a market, the comparison process starts first and people try to find the best rate from them.
There are even many companies that offer auto financing bad credit auto. But before finalizing any type of transaction, read all terms finance and conditions. It can also play critical sites and the views of different people. This will help a person learn more about the company and its details.
If interested to take credit as a self-employed then this is the type we offer business loans cheap in Hyderabad to almost 10 to 12% interest rate if you use a fair deal with reputable business Annual reports and sound banking, then you are eligible for a business loan.
There are many banks that finance, like ICICI HDFC Bank HSBC SBI the applicant must have at least run the business for at least three fiscal years and paid a regular tax return (it) with the statements. In this type, the foreclosure rate is about 2%, but if the loan is pre-closure is as high as 3%.
There are different types of interest rates of different loans such as fixed rate to floating rate etc. The RBI has to be refreshed every three months a year the rate of interest variable, if it is home loans business personal.
Do you need money to start a new business or want to measure your existing business? Bazaar loans will help you get your commercial loan interest rates. Business loans are designed to help companies achieve significant business milestones and research associated with starting a business, research and growth. We are confident that we can save you valuable time and help you get lower interest rates, borrowing costs without expensive you get when you use a loan officer. No matter what your credit situation is, our goal is to help you in some way. Get a free quote on your business loans with us and compare with other suppliers.
Securing funding is often one of the first steps to successfully own and operate a business. But even sophisticated borrowers can get caught in a situation of bad debts. A few precautions can help prevent common errors.
All terms and details of the loan must be specified in writing. A lender may make oral promises and agreements, but borrowers must rely on written documentation. A legal doctrine called "parol evidence rule" reject any evidence of oral agreements in court if they conflict with the written loan documents.
Although there are some special rules that can be applied universally to the actual conditions of a loan, a general guideline is: never offer something that the security that you can not live without. Prudent lenders may require more security than necessary. All pledged assets are at risk of loss in case of credit default. Lenders often require not only the security of the borrower, but also a guarantee of a corporate officer of the company, perhaps a trust deed on their property. In such a case, if the loan should default, both the borrower and the guarantor are at risk of losing their coverage because the conditions of the loan legally allow foreclosure.
Legal doctrines designed to prevent fraudulent loans can sometimes inhibit the remedies of the borrower in case of problems. It is therefore imperative to fully understand the agreement before signing it. Lawyers are among the few people out bankers that can easily sort and understand the details of a loan. If you have questions about the loan or your rights, get legal counsel. Lawyers can be expensive, but you are hiring an expert who will protect your interests. The disadvantage of hiring a lawyer, should there be a dispute, the bank can say that because a lawyer has reviewed the documents.
Loan agreements often contain a waiver of jury trial or an arbitration clause. By adhering to these words, know that you waive significant legal remedies available. Similarly, if a lender is concerned about a possible claim, they may ask the borrower to sign a release form. By signing such a release, the borrower loses the rights to a claim, it is important that if there is suspicion of improper activity, consult a lawyer about the issue before signing a statement.
Under a legal doctrine called "fraud waiver" if a borrower a lender suspects of wrongdoing, but continues to receive substantial benefits from the same lender (such as loan financing) the borrower can lose the ability to continue later, an allegation of fraud. This doctrine places the borrower in an uncomfortable situation. If a claim is not filed within the proper amount time, it will be rejected.
Basic information on legal rights of borrowers can be found in libraries and online at Web sites such as FindLaw.com, which can also help find a lawyer in your area with expertise in banking and finance.
Equipment loan is so popular categories of loans an individual can choose to improve business prospects. Equipment loans are the best possible variety of loans that comes to the rescue of people in all income groups and from different sectors. Although not a very old concept in India, however, these loans are becoming popular by the day because of its great scope and flexibility. Equipment loans can take care of the estimated expenditures for the purchase of equipment in different genres.
Equipment loans are available through a number of varieties. The most important have been mentioned below for you
If you plan to set up a new business or redesigning your old office, this particular type of loan could be what you are looking for. It will relieve you of any concerns regarding the purchase of all office equipment and help you in your adventure.
Particularly for those dealing in the construction sector, opting to request loans of construction equipment could be a good idea.
Loans for Medical Equipment deals with the purchase of medical equipment old and new. The criteria for applying for these loans is the same as in the case of loans from other facilities and easy repayment options and flexibility of these loans are a hassle free option.
All agricultural farm equipment can be clubbed like that. There are a number of banks to deal with this type of loan especially as it applied to most varieties of loans, due to the fact that India is primarily an agrarian society.
All work equipment on Contracts for the construction / operation / civil as JCB, excavators, wheel loaders, Tata / AL dumpsters, forklifts etc.
We provide funding for all models of TELCON, JCB, L & T, Schwing Stetter, Caterpillar, Volvo etc.
If you are looking to buy building materials, ready Construction Equipment offers the best conditions with documentation easy and simple and attractive interest rates at your door. This loan can be used to buy two construction equipment new and used.
A mortgage is a loan secured by real property through the use of a mortgage note, which proves the existence of the loan and the size of this Realty through the provision of a mortgage loan, which guarantee the loan. However, the mortgage single word in daily use, is most often used to mean mortgage loan.
A mortgage is offered on the property mortgage can range from personal property mortgage commercial real estate or real properties. Properties are kept under mortgage as collateral to repay a loan. It may be noted in this context that the term "mortgage" and "mortgage" is used synonymously and are often interchangeable.
Technically speaking, a mortgage is defined as the conditional promise to the property "protected against the performance of an obligation or repayment of a debt. According to investment and economic parameters, it is the instrument of indebtedness secured by reference any commercial real estate or real estate as collateral, which gives the creditor the property conditional on the asset which can be released only with the repayment of the loan amount.
The maximum loan amount depends on several factors including: the customers’ profile, the financial environment, the ability to repay, and of course the term home equity loan which is the calculation of the retirement age as well. Repayment is usually in the EMIS.
Variable or fixed. The mortgage loan is calculated on these two types of interest. Interest rates can be reduced and, for existing customers, or in special cases in accordance with policies of the bank.
Customers can fill out application forms online or in person to visit the bank to loan approval. A nominal fee of 1-2% is seen as the treatment by banks.
Salaried Customers:
Education is one of the largest investments made in life. Higher education and specialization in certain areas require additional financial assistance from time to time.
Education loan applicants, the bank offers a holiday period on repayment while the student is the course is on capital or interest or both. But the interest rate you borrow will certainly become very important when your studies are completed. The interest rate on a loan of education depends on whether you are a student in India or abroad, the course you are applying for the loan amount and duration. Special concessions on interest rates are available if the student is a female.
The KURAKULA'S Equity financial Services Private Limited Education loan scheme aims to provide financial support for the bank to deserving students / meritorious to pursue higher studies in India and abroad. The main emphasis is that every meritorious student is provided with an opportunity to continue their education with financial support on affordable terms and conditions.
Need based finance subject to repayment capacity of parents / students with margin and the following ceilings:
Gold loan is a secured loan sanctioned by the lender where the gold jewellery acts as collateral. The amount sanctioned through this loan is subject to the gold jewellery or the coins deposited in the bank or nonbanking financial institution. The banker holds the possession of the pledged jewellery till the total amount of loan including the interest rate is paid back to the lender. These gold loans are short term loans and are sanctioned with low-interest rate.
Applying gold loan as simple as few mouse clicks. Logitoloans.com. from past decade the company has been serving the customers as its top priority. Our journey through decade highlights trust of the customers has shown in us. We help you choose the right lender to generate cash from your gold. Our team of experts help you analyse various gold loan deals available in the market. Best online gold loan schemes are put at your disposal based on your eligibility. Our wide range of best gold loan schemes enables you to compare against broad list of parameters.
Don’t make the road wait longer to scale up your business to new heights. Commercial vehicle loans are on your way to clear the road block in your dream of becoming self- reliant. These loans keep your business on the constant move with the ability to upgrade to the new technology whenever needed. The loans can be put to use either to purchase used a commercial vehicle or new one. These loans can be easily availed with the minimum documentation as they are backed by the vehicle you purchase with the loan. Commercial vehicle loans can fuel your business operations and banks have loan options that are extremely flexible to suit customized needs of the customer. Commercial vehicle loan is proven tools for clearing the roadblock in your dream of becoming self- reliant. However, you need to showcase your ability to repay the loan. You will stand eligible to avail commercial vehicle loan if you are self-employed, partnership firm, HUF, trusts, and public and private limited companies.
Equipment needs of the business can be easily addressed with the help of commercial vehicle loans without the need for pledging any additional security. They are a right choice for expanding your existing fleet or buying your first commercial vehicle. You are flexible to use these commercial vehicle loans to purchase any type of business vehicle in any business location. You can either purchase new/ old commercial vehicle. The bankers have flexible options to finance the commercial vehicle loan according to specific requirements of the customer. A wide of vehicles like trucks, tankers, buses, trailers and other small business vehicles can be purchased with these loans. If you are purchasing used vehicle with the help of the commercial loan, the tenure of the loan will not be as long as the tenure of new vehicle loans, you should be prepared to repay the loan within the short tenure.
