Loan Against Fixed Deposit at Shree Krishna Finance Raipur

Shree Krishna Finance offers Loan Against Fixed Deposit in Raipur with several benefits that cater to the needs of borrowers. Here are the advantages of applying for a Loan Against Fixed Deposit from Shree Krishna Finance:

  1. No Collateral Required: Shree Krishna Finance provides unsecured loans, eliminating the need for collateral or guarantors. This simplifies the loan application process.

  2. 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.

  3. Low Credit Score Loans: Shree Krishna Finance considers applicants with a minimum CIBIL score of 600, making Loan Against Fixed Deposit accessible to a wider range of individuals.

  4. 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.

  5. 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.

  6. 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.

  7. Quick Eligibility Check: Shree Krishna Finance provides a quick eligibility check on their website, allowing you to determine your eligibility for a Loan Against Fixed Deposit within just 2 minutes.

  8. 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 Loan Against Fixed Deposit 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:

  1. Age: The applicant must be between 21 and 57 years old.

  2. 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. 25,500 per month.
    • For self-employed individuals, the minimum income should be Rs. 25,000 per month.

  3. 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.

  4. You are eligible to open a fixed deposit if you are one of the following:

    • Resident Individuals
    • Hindu Undivided families
    • Private & Public limited companies

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 Proof

Any of the following documents can be your identity proof -

  • Photographs
  • Signature Verification
  • PAN Card - This is the main document we will require. If you are unable to provide this, any of the other options below can be given.
  • Aadhaar Card
  • Indian Passport
  • Voter’s ID Card
  • Driver’s License

You need to make sure that the image quality is good so that it is recognizable. 

Address Proof

If your identity proof document was your PAN Card, you will need to furnish a separate address proof. Any of the following will suffice - 

  • Aadhaar Card
  • Indian Passport
  • Voter ID Card
  • Driver’s License
  • Electricity/Water/Gas Bills (dated within the past 60 days)

Income Proof (for Salaried Applicants)

As a salaried applicant, you will need to show the last 3 months’ bank statements of your salary account. You can send it in the PDF format, and it should show your salary credits clearly.

Income Proof (for Self-employed Applicants)

If you are a self-employed applicant, you will need to present your last 3 months’ bank statements in PDF format.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Fees and Charges for Loan Against Fixed Deposit from Shree Krishna Finance

When you think about applying for a Loan Against Fixed Deposit, the most important thing is the interest rates and the other fees involved. Check out this table to know more-

Enclosed below are Shree Krishna Finance Bank Overdraft against FD/Super Saver Facility Interest Rates & Charges

Earn the interest of a Fixed Deposit, which varies according to the tenure of your deposit.

For the amount withdrawn, the applicable rate is only 2% above the fixed deposit rate for the period that the money is used.

The following are eligible to open a Overdraft against FD/Super Saver Account.

  • Resident Individual (sole or joint account)
  • Hindu Undivided Family
  • Private  & Public limited companies
  • A minimum amount of Rs 25,000/- for a minimum tenure of 6 months 1 day is required to open a Overdraft against FD/Super Saver Account, in addition to a Zero Balance Savings Account.

Only Senior Citizens / Retired Personnel (above 60 years of age) who are Resident Indians are eligible for the Senior Citizen rate on the INR fixed deposit.

 

How to Apply for a Loan Against Fixed Deposit

Applying for a Loan Against Fixed Deposit 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.

 
 

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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.

 
 
Call Now - +91-6232600308

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.

 
 
 
 
 
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