Loan Against Property at Shree Krishna Finance Raipur
Shree Krishna Finance offers Loan Against Property in Raipur with several benefits that cater to the needs of borrowers. Here are the advantages of applying for a Loan Against Property 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 Loan Against Property 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 Loan Against Property 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 Loan Against Property experience to the residents of Raipur.
Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
Age: The minimum age of the applicant must be 25 years* (18 years for non-financial property owners)
* Age at the loan application of the individual applicant/Co-applicant.
The maximum age of the applicant must be 70 years* (80 years for non-financial property owners)
* Age at the loan maturity of the individual applicant/ Co-applicant.
CIBIL Score: A CIBIL Score of 700 or higher is ideal to get an approved loan against property.
Occupation: Salaried, self-employed professionals like doctors, and self-employed non-professionals are eligible to apply.
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 Property from Shree Krishna Finance
When you think about applying for a Loan Against Property, the most important thing is the interest rates and the other fees involved. Check out this table to know more-
| Type of fee | Applicable charges |
| Rate of interest (p.a.) | Salaried – 9% to 14% (Floating rate of Interest) Self-employed – 9% to 14% (Floating rate of Interest) Doctors – 9% to 14% (Floating rate of Interest) |
| Processing fees | Up to 3.54% of the loan amount (inclusive of applicable taxes) |
| Document Processing Charges | Up to Rs. 2,360/- (inclusive of applicable taxes) |
| Flexi Fee | Term Loan – Not applicable Flexi Variant – Not applicable |
| Pre-payment Charges | Full Pre-payment Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment. Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Part Pre-payment Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part Pre-Payment. Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi Foreclosure charges/ pre-payment penalties are not applicable on any floating rate term loan sanctioned, for purposes other than business, to individual borrowers with or without coapplicant(s). |
| Bounce Charges | Rs. 1500 per bounce |
| Penal Interest | Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment outstanding, from the date of default until the receipt of monthly instalment. |
| Stamp Duty | Payable as per state laws and deducted upfront from the loan amount |
| Mandate Rejection Charges | Rs. 450/- per month from the first month of due date for mandate rejected by customer’s bank until the new mandate is registered |
| Broken Period Interest/ Pre-EMI Interest | “Broken Period Interest/ Pre-EMI Interest” shall mean the amount of interest on loan for the number of day(s) which is(are): Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan Method of recovery of Broken Period Interest/ Pre-EMI Interest: For Term Loan: Deduct from disbursement For Flexi Term Loan: Added to first instalment amount For Hybrid Flexi Loan: Added to first instalment amount Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, Interest on first instalment will be charged for actual number of days |
| Mortgage Origination Fees | Rs. 3000/- |
| Property Insight (if availed) | Rs. 6999/- (inclusive of applicable taxes) |
How to Apply for a Loan Against Property
Applying for a Loan Against Property 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
Please Fill out the Form Below
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.