Home Loan at Shree Krishna Finance Raipur
Shree Krishna Finance offers Home loans in Raipur with several benefits that cater to the needs of borrowers. Here are the advantages of applying for a Home loan from Shree Krishna Finance:
No Collateral Required: Shree Krishna Finance provides unsecured loans, eliminating the need for collateral or guarantors. This simplifies the loan application process.
Digital Documentation: The entire loan application process is paperless, saving you time and effort. You can complete the application online, making it convenient and hassle-free.
Low Credit Score Loans: Shree Krishna Finance considers applicants with a minimum CIBIL score of 600, making Home loans accessible to a wider range of individuals.
Flexible Tenure Options: You have the flexibility to choose a loan tenure ranging from 12 months to 60 months, based on your eligibility and repayment capacity.
Affordable Interest Rates: Shree Krishna Finance offers competitive interest rates, starting from as low as 1.33% per month. This ensures that your loan is more affordable and manageable.
Flexible Loan Amount: Depending on your eligibility, you can borrow a loan amount ranging from Rs. 5,000 to Rs. 5 lakh, allowing you to meet your specific financial requirements.
Quick Eligibility Check: Shree Krishna Finance provides a quick eligibility check on their website, allowing you to determine your eligibility for a Home loan within just 2 minutes.
24-Hour Disbursal: Once the loan agreement is signed, and auto-debit is activated, you can expect to receive your loan amount within 24 hours in most cases, ensuring swift access to funds.
By offering these benefits, Shree Krishna Finance aims to provide a seamless and efficient Home loan experience to the residents of Raipur.
The eligibility criteria for a personal loan from Shree Krishna Finance are designed to be broad and inclusive. Here are the eligibility requirements:
Age: The applicant must be between 21 and 57 years old.
Income: The applicant's income must be credited directly to their bank account. The minimum income requirements are as follows:
- For salaried individuals, the minimum income should be Rs. 13,500 per month.
- For self-employed individuals, the minimum income should be Rs. 15,000 per month.
Credit Score: The applicant's CIBIL score should be above 600 or Experian score should be above 650. A good credit score indicates a higher likelihood of loan approval.
Meeting these eligibility criteria increases the chances of being approved for a personal loan from Shree Krishna Finance. However, it's important to note that meeting the eligibility criteria does not guarantee loan approval, as the final decision is subject to the lender's discretion and evaluation of additional factors.
The documents that you will need for a personal loan from Shree Krishna Finance are -
IDENTITY AND RESIDENCE (KYC)
| A | Sr.No. | Mandatory Documents | ||
|---|---|---|---|---|
| 1 | PAN Card or Form 60 (If the customer does not have a PAN Card) | |||
| B | Sr.No. | Description of Officially Valid Documents (OVD) that can be accepted for establishing the legal name & current address of Individuals*[Any one of the following documents can be submitted] | Identity Proof | Address Proof |
| 1 | Passport, the validity of which has not expired. | |||
| 2 | Driving license which has not expired. | |||
| 3 | Election /Voters identification card | |||
| 4 | Job card issued by NREGA duly signed by the officer of the State Government | |||
| 5 | Letter issued by the National Population Register containing details of name, address. | |||
| 6 | Proof of possession of Aadhaar Number (to be obtained voluntarily) |
INCOME DOCUMENTS
| Document | Salaried | Self Employed Professional | Self Employed Non Professional |
|---|---|---|---|
| Last 3 months' Salary Slips | |||
| Last 6 months' Bank Statements, showing salary credits | |||
| Latest Form-16 and IT returns | |||
| Income Tax Returns along with computation of income for at least the last 2 Assessment Years (of both the individual and the business entity and attested by a CA) | |||
| At least last 2 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules (of both the individual and the business entity and attested by a CA) | |||
| Last 12 months' Current A/c Statements of the business entity and Savings Account Statements of the individual |
PROPERTY DOCUMENTS
For Purchase of a New Home
| Document | Salaried | Self Employed Professional | Self Employed Non Professional |
|---|---|---|---|
| Copy of the Allotment Letter / Buyer Agreement | |||
Receipt/(s) of payment/(s) made to the developer |
For Purchase of a Resale Home
| Document | Salaried | Self Employed Professional | Self Employed Non Professional |
|---|---|---|---|
| Title Deeds including previous chain of the property documents | |||
| Receipt/(s) of initial payment/(s) made to the seller | |||
| Copy of the agreement to sell (if already executed) |
For Constructing a Home on a N.A. Plot
| Document | Salaried | Self Employed Professional | Self Employed Non Professional |
|---|---|---|---|
Title Deeds of the Plot | |||
| Proof of no encumbrances on the property | |||
Copy of the plans, approved by the Local Authorities | |||
| Construction estimate by an Architect / Civil engineer |
Fees and Charges for Home Loans from Shree Krishna Finance
When you think about applying for a Home loan, the most important thing is the interest rates and the other fees involved. Check out this table to know more-
How to Apply for a Home Loan
Applying for a Home loan from Shree Krishna Finance in Raipur is a straightforward process. Here are the steps involved:
Step 1: Check Eligibility:
Visit the Shree Krishna Finance website and provide the necessary details to check your eligibility for the loan. This process usually takes just 2 minutes.
Step 2: Select Loan Tenure:
Once you are eligible, choose the desired loan amount and select a repayment tenure that suits your needs from the options provided.
Step 3: Upload Documents:
Upload the required documents as specified by Shree Krishna Finance.
Step 4: Amount Disbursed:
After your documents are verified and the loan agreement is signed, Shree Krishna Finance will disburse the loan amount into your bank account. In most cases, you can expect the funds to be credited within 24 hours.
Equerry Form
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For More Details Contact With Us
For more details and further inquiries, please don’t hesitate to contact us. Our dedicated team at Shree Krishna Finance is here to assist you and provide the necessary information you need.
Frequently Asked Questions.
- The applicant’s age should be between 21 and 57 years.
- Income should be credited directly to their bank account.
- Minimum monthly income requirement is Rs. 13,500 for salaried individuals and Rs. 15,000 for self-employed individuals.
- CIBIL score should be above 600 or Experian score should be above 650.
You can check your eligibility within 2 minutes by visiting the Shree Krishna Finance website and providing the required details.
No, Shree Krishna Finance provides unsecured loans, so no collateral or guarantor is required.
- The loan amount ranges from Rs. 5,000 to Rs. 5 lakh, depending on your eligibility.
- You can choose a loan tenure from 12 months to 60 months, based on your eligibility and repayment capacity.
Once your documents are verified and you have signed the loan agreement, the loan amount is typically disbursed within 24 hours.