Kotak Mahindra Personal Loan @ Letzbank

About Kotak Mahindra Bank:

Kotak Mahindra Bank is a private sector bank which works under the control of Reserve Bank of India (RBI). It was established in the year 2003 by Uday Kotak and earns revenue up to Rs. 110 billion. This bank offers many different and new products in banking sector and supports the customers financially through a various promoting channels especially in investment banking, life insurance, and wealth management which are partially owned by the company.

Here are some features of Personal Loans at Kotak Mahindra:

Personal Loans are offered only for the customers who are salaried individuals to meet their financial requirement instantly through personal loan schemes available at Kotak.  The need may be personal which may arise due to any situation such as  transactions where physical cash is needed, sudden travels, vacation plans, weddings and many other requirements where the cash is on demand.   

Match your financial needs by utilizing Kotak Mahindra personal loans to fulfill your dreams and goals. Personal loan can benefit you to meet unpredicted disbursement, a vacation, education cost, bridal expenses, or even buying of consumer goods.

Kotak Mahindra- Personal Loan Amount – Rs. 15, 00,000/-

You can avail personal loans at Kotak Mahindra up to Rs.15, 00,000/- if you are a salaried professional.

Kotak Mahindra - Rates of Interest - 11.5% to 24%

Personal Loans at Kotak Mahindra come with a rate of interest ranging between 11.50% to 24% per annum

Kotak Mahindra- Repayment of Loans:

The Web PAY service allows you to pay your loan EMI via Non-Kotak Mahindra Bank over 30 major banks through NEFT/RTGS/IMPS.  You can pay the EMI through online.

PAN registration is needed for the payment of Rs. 50,000 and above and updated.

This is an extra arrangement provided to customers above the current facilities offered at the Kotak Mahindra Bank for the payment of loan EMI.

Kotak Mahindra – Foreclosure Charges:

Kotak Mahindra does not allow prepayments for 12 months from the date of your first EMI. 30 days foreclosure notice is required to make a fore-closure of your personal loan at Kotak. Customer needs to write a letter or an email for the full prepayment of the loan. Once the intimation term is completed, the foreclosure statement of your loan will be issued to the customer. The cheque of full prepayment must be submitted within at least 7 working days before next EMI at the branch itself.

Foreclosure payment can be made via DD/ cheque/ cash, in favor of "Kotak Mahindra Bank” after the intimation term is completed. Your loan is closed once you prepayment cheque is cleared and the records are maintained in the bank.

The foreclosure charges applicable would be 5% + service tax on principal outstanding amount after 1 year +1 month.

Kotak Mahindra – Loan tenure - 5 years

You can lay back and pay your loan amount during a long loan tenure of 12 month – 60 months.

Apply for Kotak Mahindra Personal Loans at Letzbank – Know how:

·         Roll yourself and submit an application with Letzbank.

·         Evaluate personal loan offer from a large gamut of partner banks

·      Click on the Personal Loan EMI Calculator option and plan your own loan including your EMI, ROI, and loan tenure. You can also fore-see your loan at various stages by using this tool.

·         Submit your application and we will get back to you.

·   None of the applicants will be charged any additional fee towards the service fee for the applications submitted online. 

Reasons to take Home Loan from India Bulls @ Letzbank

Indiabulls Housing Finance Ltd. (IBHFL) ranks as the 2^nd largest private sector housing finance organization in India. Indiabulls is regulated by the National Housing Bank (NHB). The organization bears the highest rating of AAA from CARE ratings and Brickwork ratings.

Indiabulls offers home loans at go-getter rates for you to en-cash them with home loans offers up to Rs. 1.5 crores.  The specially trained staff at Indiabulls provides sincere counseling to its customers about various stages of their home loan, right from the initial application process of your home loan till the time customers take the possession of their dream home.

Salient features of applying for home loan with India Bulls:

·           Your loan will be sanctioned in 48 hours with Indiabulls.

·           You will have your loan approved before you finalize your property.

·       You can avail a doorstep service where the executives from Indiabulls can come, counsel you and assist  you with the home loan you need.

·           Indiabulls has tie ups with over 5500 residential projects for you to choose from.

·      Indiabulls operates through over 220 easily accessible branches spread across 110 towns and cities  in India

·     Indiabulls bears two international offices in Dubai and London. The organization reaches out to Non-Resident Indians and Persons of Indian Origin offering them home Loan products.

·         Indiabulls has successfully given over 6.44 Lakhs people key to their dream home.

Loan Amount:

·      For home loan requirements less than Rs. 30 Lakhs, Indiabulls provides finance upto 85% of the cost of residential property you wish to buy

·       For loan requirements above Rs. 30 Lakhs upto Rs. 75 Lakhs, Indiabulls provides finance upto 80% of the cost of your residential property.

·     For a loan requirement above Rs 75 Lakhs, Indiabulls provides a maximum of 75% of the cost of your residential property however; the finance totally depends on the repayment capacity of the customer.          

Maximum Term

You can avail your home loans from Indiabulls for a long tenure of 30 years which is subject to age of your retirement.

Apply for loans with a co-applicant and become eligible for higher loan amount.

You can submit your application for home loans either individually or by clubbing along your income with any of your immediate family members.

Flexible Rates of Interest

Women applicant and co-applicants can avail home loans at Indiabulls at affordable rate of interest upto 9.50% p.a. Home loans with adjustable rate of interests are directly proportional to benchmark rates of IHFL. With this scheme the EMI during the tenure remains constant and does not change with change in rate of interests. However, when the rate of interest increases the interest component in the EMI also increases and the principle component of your EMI reduces as result term of the loan gets extended. The same thing gets reversed with the decrease in the rate of interest.

Various purposes for which you can avail Home Loans at Indiabulls are:

·        You can avail your home loan from Indiabulls for purchase of new flat/house/bungalow from developers/ properties in co-operative housing society/ apartment owner's association/ existing freehold properties/

·         For construction of residential property over a plot, or purchase of plot followed by construction of house over it.

·         Extending your existing property such as adding floors or new rooms in your already existing house.

·         For renovation of your already existing residential property 

Submit your application online to apply for Indiabulls Home Loans at Letzbank :

·     This is an era of tough competition, and no one would like to get fooled by just zeroing on one offer without knowing what the other schemes available in the market are. To put an end to your search we have brought you a single platform where you can come and compare various loan offers being offered by the leading banks in your city.

·         What Letzbank does for you is to compile home loans offers from a number of partner banks and present in a comparative format for the purpose of simplifying your search for a home loan.

·       Letzbank also offers tools and services absolutely free of cost for you to get acquainted with your home loan scheme, where you can plan EMIs, ROI and tenure.

·    Now avail your home loan while you are still seated in your home.  This feature of submitting you application online is unique and also puts you at a better advantage of getting your service fee waived off for all online applicants.

Now apply for Indiabulls Home loan while you are still seated at your home - Checkout Home Loans with Letzbank- Apply Online Today @ Letzbank.

ICICI Bank Personal Loan @ Letzbank

ICICI Bank – ranks as the largest private sector bank in India. The bank had a total possession of Rs. 6,461.29 billion as on 31^st March, 2015 and PAT Rs. 111.75 billion for the financial year ended 31^st March, 2015. ICICI Bank currently has a strong grid of 4,450 Branches and 13,820 ATM's that are pretty well spread across India. ICICI Bank was initially indorsed in the year 1994 by ICICI Limited - an Indian financial institution, and was its wholly-owned subsidiary.

About Personal Loans at ICICI Bank:

ICICI Bank Personal Loan can be made use for any kind of work that may include the renovation of your house, planning your holidays, purchasing a consumer durable, for education purposes, for a wedding in family. You can also make use of ICICI personal loan for any short term financial requirement such as purchase of an equipment, obtaining a working capital for a short time or any uncalled personal emergency.

• ICICI ban personal loan can be availed for any purpose there it is also known as a multipurpose loan.
• Personal loans can be availed at a fixed rate of Interest, which is charged on monthly reducing basis.
• You can pay flexibly with flexible loan tenures upto 60 months and pay back your loan as per your choice and convenience.
• There is no requirement of a security or a collateral to avail personal loans at ICICI bank.
• You can pay back your loan amount at your comfort and convenience through easy installments
• You can repay the loan either through Auto-debit or ECS or PDC as its suits you.

Enlisted below are some benefits and highlights of availing Personal loan at ICICI bank:

• You can avail personal loan at ICICI and be assured that the rate of interest will remain unchanged throughout the entire loan tenure so that there is no change in the loan amount being paid at any point of time during your loan tenure.
• Personal loans at ICICI can be availed with simple documentation and process. There you can easily obtain personal loans with minimal paperwork, documentation procedure cutting down the time and effort taken to apply for personal loans
• Another benefit of availing personal loan is that your application will be processing as quickly as possible.
• Personal Loan amount will be directly credited in your account through fund transfer facility.
• Repayment options at ICICI are simple which are ECS, AD or PDC.
• You can plan your loan tenure as per your choice and convenience starting from 12 months to maximum 60 months.

·         You can get Personal loan at ICICI within 72 hours of the submissions of your document.

·         Further, you can also insure your Personal Loan liability by utilizing 'All Safe' Insurance policy.

Eligibility for availing Personal Loan at ICICI:

·         You can apply for personal loan online through “Personal Loan Online Application Facility”. This facility also helps you know your loan eligibility within 60 second through its tool known as eligibility calculator. You can further make use of EMI calculators to plan your EMI before you submit your application.

·         Salaried individuals can obtain personal loans up to Rs. 20 lakhs

·         Self-employed individuals can apply for up to Rs.30 lakh for and up to Rs.40 lakh for doctors.

Applying for Personal Loan at ICICI? Let’s get going with your processing at Letzbank.

1,  You can get personal loan from your favorite bank on our website Letzbank

2.  Letzbank offers you a great variety of personal loan offers from a number of partner banks to choose from, so that you can draw a well-informed conclusion on which loan you want to take, strategize your EMI, Rate of Interests, and loan tenure all under one roof. So before you finally take a decision you get to compare from the other comparable products and then finalize the deal. 

3.  Before applying for any loan you can use make use of Personal loan EMI calculator, enter your loan amount requirement, loan tenure you want to opt for, and our specially designed tools will be able to project your EMI and ROI during your loan tenure. You will also be able to foresee your loan status and stages during your entire loan tenure.

4. Now that you know it all about your loan, all you got to do is to apply online on the website Letzbank. When you apply online you not only make a smarter and wise decision for yourself but also get an exemption on the service fee charged towards the loan application and submission.

5. You can track your applications without having to make long annoying calls waiting for them to give answers to your query and minimizing the effort to obtain your personal loan. Your information will remain highly confidential with us.

Apply Today! 

Things to know about and guide to Professional loan @ Letzbank

Professional loans are usually considered same as business loans but are specially tailor made keeping in view the requirement of professionals in mind. For the purpose of these loans professionals include:-

·         Doctors and dentists

·         Chartered Accountants and accounting firms

·         Chartered Engineers

·         Architects and interior designers

·         Lawyers and attorneys

·         Other consultants and consultancy firms.

Professionals can avail this loan for various purposes that are related to setting up professional place and meeting all expenses associated with setting up of such professional set up. Professional loan can also be used for furthering professional knowledge and forte’. Following list enumerates the various requirements for which this loan can be availed.

·         Buying office property

·         Setting up office including interiors and purchase of furniture

·         Purchase of machinery

·         Machinery equipment including computer and tools

·         Financing foreign trips, seminars, conferences and travels related to profession

·         Undergoing courses and higher studies for strengthening professional knowledge and growth.

Professional loan schemes, just like business loans have the following categories:-

·         Term Loan

Term loan is extended for a specified fixed duration. Professional loans are usually available from one year to up to five years.

·         Working Capital loan

Working Capital loan is an ongoing loan which is extended for bridging a temporary gap between available funds and fund required to run daily operations. There is no fixed duration of the loan and it acts as an additional credit line as and when there is a need. A comprehensive agreement covers such loans specifying cover duration, rate of interest and repayment terms.

·         Overdraft

Overdraft refers to drawing amount over and above your balance in the current account held in the bank. Overdraft facility is also covered under an agreement and as and when there is an overdraft, the balance is shown as negative.

Documents required for Professional loans

For the loan, applicant needs to submit the following documents along with the application:-

·         Copies of membership certificates issued by the relevant professional institute or body whose certification the borrower/s hold;

·         Registration of firm’s or proprietorship’s registration with such professional institute or body;

·         Documents like copies of PAN card, Aadhaar Card, Voter’s Id, driving license and Passport. In case of partnership, HUF, company or a group of persons, documents pertaining to each of the partners, directors, owners, founders, guarantors.

·         PAN card, Aadhaar Card, Passport, Voter’s Id, driving license, electricity bills, bank passbook and telephone bill. In case of partnership, HUF, company or a group of persons, documents pertaining to each of the partners, directors, owners, founders, guarantors as well as business address (if exists). Latter is obtained from Memorandum and Articles of Association in case of companies and rent, purchase or lease agreement in other cases.

  

·         Partnership deed, Certification of Incorporation, Establishment certificates.

·   Audited financial statements of past years, current year’s budget, performance till date and projections and Income Tax Returns.

·         Bank statements for past period.

·         A detailed statement of type and purpose of expenditure for which loan is required.

Things to Consider before taking Professional loan

·         Estimate your approximate requirement and avail the amount you need to. Lesser than required will hamper your operations and more than required will simply be a bigger financial commitment to be repaid;

·         Take a loan that suits your requirement. If you want loan for running your daily operations then opt for working capital loan or overdraft whereas an investment in capital asset should be serviced by a term loan.

·         Arrive at the term of loan after considering your repayment capacity;

·         Check on the amount of foreclosure charges/ penalty, default penalty, processing and application fees as these charges can eat away a significant part of your loan amount.

·         Make sure the terms and conditions of loan do not include clauses that would limit or hamper your existing business and plans for future.

Professional loans at Letzbank

Letzbank offers professional loan for a maximum amount of Rs. 30 lakhs with tenure up to 60 month (5 years).  You can also check your eligibility criteria on our calculator which uses information like date of Birth, business type, profession, Year of passing out, current total EMIs, Income as per ITR etc to arrive at a borrower’s eligibility for professional loan.  We also offer loan with no foreclosure charges so that you have freedom to repay it as and when cash flows are abundant. After all why pay extra interest when you can close your loan beforehand. 

When and why should a new business consider taking loan? @ Letzbank

If you are someone who is trying to start a new enterprise then raising funds is probably giving you sleepless nights already. There are numerous options of financing business operations like raising equity, own savings, taking help from relatives, credit cards and crowd-funding. But all these methods have their own limitations. Let us first address the factors that might necessitate availing a loan:-

·         When free lines of funding are not available;

·         Where continuous line of finance is required over an extended period;

·         Existing modes of cash flows are not enough to fund the business operations or stock inventory;

·         You are confident that business will generate enough funds to repay the business loan as and when the EMIs get due;

·         Cost of loan is really low and its benefits outweigh the disadvantages and its limitation.

Now let us move to answer the big question- why it makes sense to take loan for a start up?

1.       Tax Saving

Interest on loan can be claimed as a deductible expense from business income and thus it helps in saving tax. Therefore, effective rate of interest should be arrived after deducting the tax savings.

2.       Ownership

Many start ups end up engaging venture capitalists who invest their money in start ups and in return become part owners of the business. The advantage here is definitely the cost part which is nil but the flip side is sharing ownership for want of funds. Such sharing in ownership dilutes autonomy and may lead to many restrictions in the way operations are carried out.

3.       Hassle-free and easy

The process and procedures related to business loans have been simplified over the years. More and more lending agencies are designing and customising their loans for start ups and are readily lending them too. For more on business loans for your start up, you can visit Letzbank that offers a wide range of loans from the most trusted names in the lending sector. The comparative display gives clear visual on rate, tenure, loan amount and other processing charges being offered by lending institutions that have collaborated with letzbank.

4.       Special schemes for women entrepreneurs

These are particularly good times for women entrepreneurs to start their own dream project with loan funding. The government and numerous banks are introducing programmes and products especially built for the independent women of India. Some notable schemes that have gained popularity are Stree Shakti package by SBI, Annapurna scheme by BMB, Dena Shakti Scheme by Dena bank, Udyogini scheme from Punjab & Sind Bank, Cent Kalyani scheme run by Central Bank of India and Mahila Udhyam Scheme introduced by SIDBI. For details on these schemes and products, do read our detailed write up here .

Business loans are vital to health and sustenance of a venture, over a long period of time. They also have various advantages over other kinds of funding options. Earlier only established businesses could successfully avail business loans from reputed institutions but now the scenario has changed with changing economic progress that has been partly fuelled by start ups. This is why there could not be a better time to raise a loan for a freshly budding start up!

Bank of Baroda Car Loan | Letzbank

Bank of Baroda (BOB) was established dated 20^th July, 1908 by the Maratha, Maharaja of Baroda His Highness Sir Savajirao Gaekwad III. His Highness incorporated the bank on the doctrine of financial prudence & corporate governance, to meet the financial requirements of many lives across the country. The transformation of the bank took place dated 19^th July 1969 when the bank was recognized as a nationalized bank, by the Government of India. Further, the bank was also designated as a profit-making public sector undertaking. The bank has its corporate office in Mumbai - the commercial capital and has its headquarters in Vadodara- Gujarat. The bank ranks as second largest public sector bank in the country subsequent to State bank of India. BOB offers a broad variety of good financial products and services to the clients from corporate and retail segments. The bank has an affluent presence both nationally and internationally with a strong set-up of 5307 branches and 8000 ATM's within the country. Globally, the bank operates across 25 countries. BOB has outsourced customer care services through leading organizations namely - TCS and IBM to offer its client an exceptional banking experience. In the year 2014, BOB had ranked 801 on Forbes Global 2000 . This article aims at giving you an in-depth brief about Bank of Baroda Car Loan

Baroda Car Loan:

Bank of Baroda Car Loans is a convenient car loan that can be applied for purchase of your car weather new or old. Bank of Baroda also offers finance for installation of a CNG/LPG Gas kit in your vehicle with an aim to publicise the usage of alternate fuel and save on the national security of the country.

Know key benefits of Bank of Baroda Car Loan:

·         BOB car loans are available upto Rs.100 Lakhs or upto twice your annual gross income for purchase of a car of any make or model which is inclusive of Gas-kit – In case of salaried individual.

·         BOB car loans are available upto Rs.100 Lakhs or upto thrice your annual gross income for purchase of a car of any make or model which is inclusive of Gas-kit – In case of self-employed person or a businessman. 

·         BOB Car loan can be availed for purchase of old vehicles which should not be more 3 years old.

·         BOB car loan can be paid back during a loan tenure of 7  years

·         The loan will be disbursed with a charge of low processing fee

·         The does not pose any prepayment penalty towards making a prepayment of your car loan.

·     There is a concession in rate of interest offered for customer who deposit atleast 50% amount as a security deposit or collateral.

·         Home loan borrower having a good track record are offered a concession of 0.25%

·         You should be a salaried or self-employed in a reputed organization, or a govt. employee to apply for a car loan at Bank of Baroda

• Repayment can be done within 84 months of purchase of a new vehicles whereas within 36 months for second hand vehicles. For installation of only CNG or LPG gas kit repayment can be done within a period of 24 months.
• Margin money that need to be he is around 15% of the on road price of the car in case of purchase of a car upto Rs.15 Lakhs.
• For loans more than Rs. 15 Lakhs margin money of approximately 20% of the on road price of car needs to be deposited.

• Age Limit for avail BOB car loan is 21 years which should not exceed more than 65 or the age of retirement by the end of your loan tenure or whichever is earlier.To know more on BOB Car Loans – Look into Letzbank.

-          Letzbank will help you rush through other car loan options available in market.

-          You can choose from the best car loan offers offering lesser interest rates, lower EMI and multiple repayment option during a substantially long loan tenure.

-          Submit your application with us online and get your service fee exempted.

-          E-save your documents in our document locker for future transactions

Apply Now - Letzbank

Yes Bank Car Loan @ Letzbank

About Yes Bank:

Yes Bank is fifth largest and fastest growing private bank in India which is controlled by Reserve Bank of India (RBI). It is the only bank which was awarded Greenfield Bank license by RBI. This bank was co-founded by Rana Kapoor in 2004 headquartered in Mumbai. The main aim is to be recognized as “Finest Quality Large Bank in the World” in order to ascertain a high quality of service to its associates.

Yes bank offers products and services like Commercial Banking, Investment Banking, Corporate Banking,  Retail Banking and Financial Marketing which includes Personal Loan, Car Loan, Home Loan, and Loan against securities, Business Loan, Gold Loan. The Bank has also won many awards in the year 2013/ 2014 and has 600 branches all over the country for your easy access.

Features of Yes Bank Car Loans:

You can make your dream come true of owning a luxury car by availing 90% of the car value with a minimum of Rs. 1 lakh and maximum of Rs. 5 crore for a salaried individual as well as self-employed at Yes Bank with interest rate of 11% - 13.5%. The bank offers longest repayment tenure of 12 months - 84 months with various repayment options. 

The applicant must be at least 21 years of age with net income of Rs. 3 lakhs per annum and work experience of 2 years with at least 1 year experience in the current job. Basic documentation like income proof, bank statement, signature proof, KYC documents, etc. are necessary while applying for Car Loan in Yes Bank.

Yes Bank - Car Loan Amount:  

You can avail 90% of the car value at Yes Bank with minimum of Rs. 1 lakh and maximum of Rs. 5 crore if you are a salaried professional or self-employed.

Yes Bank - Rates of Interest – 11% - 13.5%

Car Loans at Yes Bank come with a rate of interest ranging from 11% - 13.5% per annum.

Yes Bank - Repayment of Loans and foreclosures:

Ø  Foreclosure of the loan is not allowed until 6 EMI’s from the date of loan disbursed.

Ø  6% of the principle outstanding amount is charged for foreclosure within 6 months to 24 months        from 1^st EMI.

Ø  5% of the principle outstanding amount is charged for foreclosure post 24 months from 1^st EMI.

Ø  Part prepayment of the loan is not allowed.  

Yes Bank Car Loan – Loan tenure:

You can lay back and pay your loan amount during long loan tenure of 12 months - 84 months.

Apply for Yes Bank Car Loans at Letzbank.:

·         Get yourself registered and apply for Yes Bank Car Loan with Letzbank.

·         Compare car loan offers from a large gamut of partner banks.

·         Click on the Car Loan EMI Calculator option and plan your own loan including your EMI, ROI,         and loan tenure.

·         Tools at Letzbank will also enable you to fore-see your loan stages throughout the loan tenure             This will allow you to take a fairly smart decision.

·         Submit your application and we will get back to you.

·         None of the applicants will be charged any additional fee towards the service fee for the                       applications submitted online.