FAQs - Loan


Yes, we do. We facilitate such services through designated banks.

It is the process of providing all supporting details that show that the client id qualified for getting the loan, the required information includes Financial Status, Income, Debt, and assets. Banks utilize this information to assess the credibility of the applicant and approve his loan on the basis of evaluation.

The next step after getting Pre-Qualified is called Pre-Approved. In this process, the application along with all relevant documents for the loan is submitted officially. All these procedures allow the applicant to get know the amount of loan he is eligible for even before getting it. In this way, he may think and plan his budget according to his affordability.

Most of the banks require a guarantor for processing your loan; therefore it is quite difficult to get a loan without a guarantor. After all, the entire lender would always want surety for repayment of his money.

Always remember that loan comes with mark-up & interest and such additional costs may disturb your budget. Therefore it is important to consider that if such additional costs are bearable, you must go for a loan otherwise the in-hand money is the most suitable option for any investment.

Yes, the lenders always want some source of recovery for the loan in case of a worst-case scenario. In most of the cases, the property supposed to be purchased becomes security itself. In such an arrangement, the property is mortgaged to the lender till the clearance of the loan.


The down payment is the upfront amount paid for the purchase of a property. Usually, it is 15 to 20 percent of the total price. Banks and financial institutions process loans once the down payment is processed. And the lent amount is therefore not more than 75 to 80 percent of the total cost usually.

A pre-approved loan usually takes 5 to 15 days for processing of payment after verification and confirmation of documents and application. Once the loan is sanctioned it is transferred to the account of the applicant immediately.

In case, the buyer of property defaults on his loan; the lender may take over the ownership of that property and can sell it to recover his loan amount. Such sale is called Mortgagee Sale. Even though these transactions are smoother but it is important to understand that if you are considering the purchase of such property it would be sold on an “as-is” basis.

The formula is simple, the longer the tenure, the lesser would be your EMI but you will have to pay more interest, and vice-versa.

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