Loans

Personal Loan

Personal Loan Real time Approval

Dealsofloan offers instant soft approval for Personal Loan which further gets disbursed in 48 hours from our in-house NBFC, multiple banks & other NBFCs. Enjoy the fastest process, door step services, transparent processing, simple & easy documentation and competitive lowest interest rate.

We also provide loans to those who are bachelors living on the shared basis or rented.

A personal loan is purely unsecured, short term cash loan, which means that the individual customer is not required to provide the bank with any security (ex. property, jewels) or any kind of guaranty against the personal loan.

Formally, for any urgent cash requirement, we prefer personal loan. It can be taken for any general purposes like education, reconstruction of property/home renovation, a wedding expense, vacation etc. Most of the finance companies or other banks offer Personal Loan up to Rs. 40 lacs for salaried customers. Normally, it can be repaid over a period of 12 months to 60 months. Some of the banks are funding more than that.

The personal loan amount you are eligible for and the personal loan interest rate for you will depend on factors such as monthly income, customers employment history, residence history and past financial credit history along with the pattern. Banks typically have capped the monthly payment (EMI) on your loan to about approximately 60% – 70% of your monthly take home income. However, a customer cannot take a personal loan for any kind of bad investment or expense which is not approved by the banks or by the law.

Offers and Schemes

Personal Loan at lowest interest rates from different financial companies.

• We are here to help all our customers to get special offers from all the Banks/ NBFCs for quote on interest rates in many different ways (ex. monthly reducing rate, flat rate). Looking at the interest rate value alone might not give you a true picture of which personal loan quote is the best for you. You must check the EMI. The processing fee should also be considered when comparing loan quotes.

• If you are in urgent need of Personal loan, just compare the average time taken by the banks to disburse a personal loan. Get Instant Personal Loan in Pune.

• Compare the customer satisfaction ratings of each bank and choose the best, as the application process is different at each bank.

• You can take help for comparing the best deal from DealsofLoan team at free of cost.

Personal Loan Interest Rates 2020

Read below comparison sheet for Personal Loan Interest Rates. DealsofLoan has consolidated all the information regarding the latest rate of interests at one place. This loan comparison will surely help you to apply for a personal loan. Please keep visiting this section to remain updated.

Comparison chart for the rate of interests and loan amount

Banks/Finance companyMin. Salary Per month in RsRate of Interest BetweenLoan Amount Provides Between
HDFC BANK2000010.99% – 18%1 Lac – 40 Lac
ICICI BANK2000010.99% – 18%1 Lac – 40 Lac
Yes BANK2500010.75% – 16%2 Lac – 40 Lac
Capital First2000012% – 24%1 Lac – 10 Lac
Fullerton India2000018% – 40%25 k – 15 Lac
HDB Financial2000014% – 21%1 Lac – 15 Lac
Tata Capital2000012% – 18%1 Lac – 15 Lac
RBL Bank Ltd2000013% – 18%1 Lac – 15 Lac

Personal Loan – Eligibility

The personal loan eligibility criteria for salaried employee is as follows.

Minimum Age

Minimum age of Applicant : 21 years

Maximum Age

Maximum age of Applicant at loan maturity : 60 years

Income

Minimum Net Monthly Income : Rs. 15,000 per month

Documents Required

For Salaried Customers


 One valid Identity proof
 Latest six months Bank statements
 Latest Residence proof
 Latest three month Salary slip
 If required guarantors & their same set of documents

For Self Employed Customers


 Three years ITR if more than 5 yrs in same business
 Profit & Loss Account , Balance Sheets & Audit report
 If company is Pvt ltd then MOA
 Shop act / Partnership Deed & other mandatory documents etc.
 KYC of individual / company
 Six month bank statement

Processing Fees and Charges

• Normally bankers charge a processing fee of 2% to 3% of the loan amount, which may vary based on credit profile.

• If you repay your personal loan earlier than the agreed time frame, also other important part lenders charge with pre-closure or default penalty of about 4% of the pre-closed loan amount.

• Minimum of loan seasoning is six month means you cannot foreclose your loan before six month.

Business Loan

Avail Business Loan up to Rs. 2 Crore from 40+ Banks and NBFCs. ✓ loan application and approval ✓Minimum documentation ✓No collateral ✓No guarantor required ✓Compare Interest Rates for a business loan ✓Affordable interest rates ✓Calculate your monthly Business Loan EMIs. ✓Flexible loan tenure upto 180 months

What is a Business Loan?

Each business is unique & have specific requirements. Business loan is offered by various banks & financial institutions across the country are customized & customer centric. These are made to offer the business owners with the wide array of financing alternatives.

The small business loan is safest & easiest option to appropriately finance the business objectives. Banks & financial institutions offer tailor made loans based on nature, scope & goal of the requirements.

DealsOfLoan brings special Doctors Program for MBBS, BDS & Above qualification Interest rate start from @10.99%, Loan up to 5 Years.

Features

Business loans in can be availed in range of Rs.1,00,000 to Rs. 2 Crore. These loan applications normally get approved quickly without any hassle during the process. Most banks & financial institutions provide the customer with promise of unsecured lending solutions when it comes to the business loan. The business loan come with the added benefit of services, like SMS, Web Chat, Phone Banking, etc. Some banks extend exclusive higher loan amounts to the self employed customers. With minimal paperwork & flexible repayment options, more & more business owners are leaning on business loan to fund the business need

Benefits

Unsecured business loan enable businesses to fund exact exigencies & repay the loan amount in easy EMI. These loans are availed for the different reasons, including the business expansions, working capital, etc.

Banks & financial institutions offers business loans to customers with flexibility of the doorstep service. Furthermore, business loans in India normally do not expect any collateral, guarantor or security from an applicant.

Some banks offer customers with a facility of business loan within a minute, either online or through their branches. These speedy approvals assure that customers do not waste their time waiting to hear from banks for status of their loan application.

Business loans are destined to help small businesses to meet their capital & other requirements. Generally, the following categories of people can avail the business loan.

Business Loan Interest Rates 2020

To help its customers get the best interest rates on Business loans DealsofLoan has consolidated all the information regarding latest rate of interests at one place. Keep visiting this section and remain updated.

Information for comparison of rate of interests and loan amount

Banks/Finance companyMin. Salary Per month in RsRate of Interest BetweenLoan Amount Provides BetweenTurnover
HDFC2.5 Lac15% – 18%1 Lac – 50 LacMin 1 Cr
RBL Bank2.5 Lac16% – 22 %1 Lac -50 LacNA
Kotak Mahindra2.5 Lac16% – 21%3 Lac – 75 LacMin 40 Lac
ICICI Bank2.5 Lac16% – 21%1 Lac -40 LacMin 30 Lac
Fullerton INDIA2.5 Lac19% – 28%1 Lac – 15 LacNA
Magma Fincorp2.5 Lac19% – 22%1 Lac – 25 LacNA
Capital First1.5 Lac19% – 28%1 Lac – 15 LacNA
Axis Bank1.5 Lac19% – 28%1 Lac – 40 LacMin 40 Lac
Doctor Loan2.5 Lac11% – 15%2 Lac – 1 CrNA

Business Loan – Eligibility

The personal loan eligibility criteria for salaried employee is as follows.

Self Employed Professionals

This type of category include, allopathic doctors, chartered accountants, company secretaries, & architects etc. This is subject to the applicants who have the proof of qualifications & are practicing their profession

Self Employed Non Professionals

This type of category includes traders & manufacturers

Home Loan

Home Loan Approval, Interest Rates, Check Eligibility & Offers – Apply Now

 

Get online home loan approval at lowest interest rates & it is start from 7.20% per annum floating and reducing with lowest processing fees, no hidden charge, loan amount start from Rs. 10 Lakhs to Rs. 25 Crore with simple documents, fully digital process & avail your instant principle approval, instant support and door step service. Home Loan available for Salaried, Self-employed, Self-employed Professionals and NRI customers in Pan India Cities.

A home loan is a loan that have endues to purchase of residential flat, bungalow, residential plot or plot purchase plus construction loans. So in this loan buying property will mortgage with loan provider banks or housing finance company, hence it is a secured loan by collateral property. Home Loan is the second largest demanding loan product available in financial market in India.

Here Dealsofloan brings customised features that have great benefits to our customers in across the India. These silent features made our platform as best opportunity platform to all customers,

Checkout the Dealsofloan offerings for home loan lowest interest rates, instant check eligibility & various offer from different banks or all housing finance companies and apply now with our digital application integrated systems now.

Twelve main things that can help to get best deal available in market at lowest interest with zero hidden cost, we will help you start from loan application to complete your disbursement, we give great values of our relationship and always ready to serve you the best of the market.

Best Home Loan with Smart Features available in 2020:


• Interest Rate Start at 7.25% EMI start from Rs. 790/ Lakh for 20 Years• Additional loan available for down payment of property• Top Up Loan available at housing loan interest rates
• Digital Application Process Available get instant Approval• Non Agriculture & Gram Panchayat Property Loan Available• Ready possession and under construction Property allowed
• Custom made Home Loan program & that understand you need!• Compare Offers From 30+ Home Loan Providers• Up to Four Family members income clubbing option
• Cash Salary Loan Processing Program Available• 12+ Eligibility Calculation Program to Enhance Loan Eligibility amount• Cash Business Income Loan Eligibility Program
• Special Balance Transfer Loan Program with Zero Processing Fees• Top-up loan at home Loan interest rate is available• Avail 100% Loan against Purchase Agreement
• PMAY Home Loan Subsidy Scheme Available• Extra Loan Available for Furniture & Interior• Door Step Service at Zero service charges

Dealsofloan.com offers the best rates available in the markets. You can compare all the loan providers offer under a single roof. A home loan can be used to buy a new property like flats, bungalow, and row houses also. Banks generally provide 75% to 90% of the property value as a home loan, we are offering 100% loan on agreement value on resale property purchase.

Under new property purchase customer has to paid as down payment amount and it has to be arranged as the initial down payment. You can also avail a personal loan for further down payment amount. Nowadays some builders provide fully furnished flats to enable higher loan amount. This also reduces the cost of furnishing the house on possession.

To apply for a Home Loan there are some parts included in availing Home Loan starting with identifying your property to fill up the loan application form, let’s have quick check about loan application process.

Checkout Home Loan application step wise process:

1) Complete your application details in given apply form as per the KYC and other documents, we suggest you to complete your application field in one go it will provide you instant decision.

2) Update your individual & your other co applicant net income details if required, customer can club up to four co-applicants to enhance the loan amount eligibility as per the requirement.

3) Check your loan eligibility on our platform easily, if you found less eligibility we will help you to enhance the loan amount with our various smart loan calculation program.

4) Get best offers from market from DOL team and complete you application login process after selecting the bank or housing finance option with the help of Dealsofloan team.

5) Upload your scan copy of KYC & income documents in PDF format on our platform to complete your digital login or physical copy of required documents and complete the signing process on all KYC and income documents along with bank loan application form provided by DOL team.

6) You can get principle home loan approval within 48 hours with our digital process to avail this digital application customer need to upload clear PDF copy of KYC documents along with other financial and income documents.

7) Track your loan application status on our dealsofloan loan mobile app, it is available on Google Play store, it will help our customers to track their step wise feedback and hold query from credit team of bank/finance, customers should resolve the hold/pending query on priority basis it will reduce the loan processing time.

8) Get dedicated support from our support team, our team will update you time to time about customer appointment for doing various verification like Property legal report, valuation report and other personal discussion with credit team, it will provide timely approval & disbursement.

Home Loan Interest Rates 2020


Bank NameInterest RateBenchmark TypeProcessing Fee
SBI Home Loan6.95%RLLR0.20% , Min Rs. 4,000, Max Rs. 17,400
HDFC Bank Home Loan6.90%PLR0.50%, Min Rs. 3,000, Max Rs. 10,000
Bank of Baroda Home Loan6.85%RLLRMin Rs. 10,000
Federal Bank8.35%RLLR0.50% , Min Rs. 3,000, Max Rs. 7,500
PNB Housing Finance7.90%PLR0.50%, Min Rs. 10,000
Axis Bank Ltd7.90%RLLR0.20% , Min Rs. 5,000, Max Rs. 25,000
IDFC First Bank9.50%RLLRMin Rs. 5,000, Max Rs. 5,000
IDBI Bank7.40%RLLR0.50% , Min Rs. 5,000
Piramal Housing Finance9.00%PLR0.50% or Max Rs 10000
Kotak Mahindra Bank8.40%RLLR0.50% or Max Rs. 10,000
Tata Capital Housing Finance9.05%PLR0.50% to 1%
LIC Housing Finance6.90%PLR0.25%
Bajaj Finserv7.25%PLR0.35% to 1%
Magma Housing10.25%PLRMin Rs. 2,500
Aadhar Housing10.25%PLRMin Rs. 2,500
ICICI Bank6.90%RLLR0.50% 1.00%
Edelweiss Housing10.50%PLR0.50%
DCB Bank10.24%1 Year MCLR2.00%, Min Rs. 5,000
South Indian Bank8.05%RLLR1.00% , Max Rs. 10,000
India bulls Home Finance9.25%PLRMin Rs. 7,500, Max Rs. 10,000
DBS Bank7.30%RLLRMax Rs. 10,000
DHFL Home Finance9.50%PLR0.50%, Min Rs. 2,500, Max Rs. 20,000
Jana Small Finance Bank9.50%RLLR0.50%, Min Rs. 2,500, Max Rs. 20,000
Canara Bank8.05%RLLR0.50% , Min Rs. 1,500, Max Rs. 10,000
Ujjivan Small Finance Bank12.50%RLLR1.00%
Jammu And Kashmir Bank7.70%RLLR0.25% , Min Rs. 500, Max Rs. 10,000
Bank of Maharashtra8.20%RLLR0.50%
Andhra Bank8.15%RLLR0.50% , Max Rs. 10,000
United Bank of India8.00%RLLR0.59% , Min Rs. 1,180, Max Rs. 11,800
Standard Chartered Bank9.40%3 Month MCLR1.00%, Min Rs. 5,000, Max Rs. 10,000
Syndicate Bank8.00%RLLR0.13% , Min Rs. 500, Max Rs. 5,000
RBL Bank10.45%1 Year MCLRMin Rs. 5,000, Max Rs. 15,000
Karur Vysya Bank8.20%RLLRMin Rs. 5,000
Indian Overseas Bank7.45%RLLR0.53% , Min Rs. 8,900, Max Rs. 13,350
HSBC Bank8.65%RLLR1.00% , Max Rs. 10,000
Central Bank of India6.85%RLLR0.50% , Max Rs. 20,000
Piramal Housing Finance9.00%PLR0.10%
Bank of India7.25%RLLR0.25% , Min Rs. 1,500, Max Rs. 20,000
Yes Bank9.85%1 Year MCLR1.00%, Max Rs. 15,000
Allahabad Bank8.25%RLLR0.40% , Max Rs. 50,000
Union Bank of India8.00%RLLR0.50% , Max Rs. 15,000
Punjab and Sind Bank8.05%RLLR0.25% , Min Rs. 1,000, Max Rs. 15,000
Lakshmi Vilas Bank9.70%RLLR0.40% , Min Rs. 10,000, Max Rs. 20,000
Karnataka Bank8.55%RLLR0.25% , Min Rs. 250
Indian Bank7.55%RLLR0.23% , Max Rs. 20,381

Home Loan Income Tax Benefits for Customers FY 20-21

The Government of India offers tax benefits on home loans under the Income Tax Act of 1961. Home loan borrower can get benefit of tax deduction on principal repayment under section 80C, tax deduction on interest under section 24, and additional home loan interest tax benefit for first-time home buyers under section 80ee.

These home loan tax benefits help borrowers save substantial amount of money every year. And even more so after the Finance Minister Nirmala Sitharaman presented her first 2019 Union Budget on 5th July. Let’s look at the updated income tax benefits on home loan FY 2019-20 so that you can make the most of it.

Principle repayment amount on Home Loan -Tax Benefit 2020-21
Name of Act (Sections)Housing Loan Tax – Exemption typesMaximum Allowed amount
Section 24(b)Only Annual Paid InterestRs.2 lakh*
Section 80COn Principal (including paid stamp duty & registration fee)Rs.1.5 lakh
Section 80EEAdditional amount of interest (for first-time buyers)Rs.50,000

Now Income tax exemption Benefits in Home Loan under section 24(B):


The home loan borrower enjoys Tax exemption Benefits on both Interest paid amount to bank of finance company. Under Section 24(b) act in India for income tax, the deduction of interest payable on the home loan is up to a maximum of Rs. 2,00,000 on the self-occupied home loan property, it can be availed after filing annual income tax return, it can be adjusted in the calculation of expenses and the same will refunded by income tax department within two or three month after income tax return filled date.

ParticularsSection of income tax 24 (b) of the Income Tax Act for Home Loan
Tax exemption allowed forOnly Interest part under section 24(B)
Type of PropertyAny Residential Property
Basis of deduction on Income TaxAccrual basis
Actual amount of Tax Deduction allowedSelf-Occupied Property: Rs. 2,00,000
Non Self Occupied Property: No Limit
End use of LoanPurchase/ Construction/ Repair/ Renewal/ Reconstruction of a Residential House Property.
Income Tax deduction refund/ exemption eligibilityNew Purchase/ Re or new Construction should be completed within 5 years
Sale of Property to be restrictedNil

Section 80C Exemption in India on the Housing Loan Annual Repayment of principle amount under Tax Deduction

Under Section 80(c) of Income Tax, Only for annual paid principal part in loan repayment amount for the repayment of loan along with other savings & investments is eligible for tax deduction up to a maximum limit of Rs. 1, 50,000 per annum.

Conditions of section 80C for FY 2020 -21 for Deduction of income tax on the Housing Loan Principal Repayment:

• This exemption is permitted only for the properties that are completed 100% construction or having completion certificate of the house of building, it is allowed in rural and urban both properties and allowed all kind of permitted zone areas in anywhere in India after the construction of the house is completed.

ParticularsSection 80C of the Income Tax Act
Deduction permitted under Income taxPrincipal amount only
Type of propertyOnly residential house property
Basis of tax deductionIncome Tax Filing online payment/ challan
Capped limit of Tax Deduction allowedRs. 1,50,000
Primary End use of loanPurchase / Construction of a new house property
Eligibility for claiming Income tax exemptionNil
Restriction on sale of propertyDeduction claimed would be reversed if property is sold within 5 yrs.

Special Exemption for first time home buyer under Income tax section 80 EE FY 2020 -21


One additional income tax exemption brings by our finance minister for all first time home buyers, additional amount of Rs 50000 are allowed to customers on interest payment of annual EMI for housing loans, this amount is additional amount of section 80C i.e. Rs. 150000 of interest part, so combined amount of Rs. 200000 is permitted in both sections (80C+ 80EE) on a single home loan.

Exemption condition under 80EE for all Indians for FY 2020-21:


• The first condition for 80EE is customer should be the first home owner at the time of application of housing loan.

• The fare market valuation of the property should be less than Rs. 50 Lakh as per the valuation report by bank approved technical valuator.

• The scheme is to encourage affordable housing so the limit is capped for Rs 35 Lakhs.

• The home loan amount must have been approved to a customer between April 1, 2016 and March 31, 2017

Section ParticularsAct of 80EE under Income Tax
Tax Deduction permitted forOnly on Interest amount
Type of propertyOnly residential house property
Basis of tax deductionPaid basis
Amount capped of Tax allowedRs. 50,000
End use of loanPurchase / Construction of a new house property
Basic criteria for tax deduction exemption claimingNil
Restriction on sale of propertyNil

PMAY scheme Income tax exemption under CLSS scheme section 80EEA

Prime Minister Scheme for Affordable Housing is designed to increase demand in housing sector, it is called PMAY scheme, it is available for purchasing of first home with amount of less than 45 Lakhs

So the stamp duty can be exceed 45 Lakhs, as per the scheme of CLSS section 80EEA customer is allowed to take exemption on interest amount up to Rs. 150000.

PMAY scheme is available under new housing loan at our platform, we are offering various housing loan schemes for our customers at your door steps, apply for home loan and avail the benefits.

a) PMAY Scheme Housing Loan Eligibility criteria
PMAY scheme is available only for individual resident customers of India, means it is not available for any partnership firm, LLP, Private Limited Company or HUF or any other corporate of income tax payers. So if you are going to buy a property for you firm’s name or company name than you are not eligible for apply under PMAY scheme under housing loan for your property.

b) Exemption of amount available under PMAY scheme
A capping of deduction under PMAY scheme for annual interest payments on home loan repayments up to Rs 1,50,000 is allowed 80EEA. This is an additional benefit of under this scheme because this deduction is add on the deduction amount of Rs 2 lakh for overall calculation of annual payment for interest amount available under PMAY for the income tax act 24 of the Income Tax Act, so to use this scheme any individual customer can avail benefit of claiming a total deduction of Rs 3.5 Lakhs for housing loan interest amount.

Pradhan Mantri Aawas Yojana – PMAY

Scheme DetailsEWS/LIGMIG IMIG II
Family Income (INR)Up to 6,00,0006,00,001-12,00,00012,00,001-18,00,000
Loan PurposePurchase/Self-Construction/ExtensionPurchase/Self-ConstructionPurchase/Self-Construction
Carpet Area (Max)Not exceeding 60sqmts2Not exceeding 160sqmtsNot exceeding 200sqmts
Woman OwnershipMandatoryNot MandatoryNot Mandatory
1st PropertyFamily should not own any pucca dwelling unit in any part of India
Max Subsidy Benefit (INR)2.67 Lacs2.35 Lacs2.30 Lacs
Scheme Validity31/03/202231/03/202031/03/2020

Home Loan required Documents for Applicant & Co Applicant


Documents RequiredSalaried CustomersSelf Employed Customers
Application FormSigned by customer along with photographsSigned with photographs with rubber stamp if required
Identity ProofClear Copy of PAN card Self signedCopy of PAN card self-signed
Certificate and Proof of Business ExistenceNot applicablePAN, GST registration, Copy of partnership deed, Shop act, Trade license, Certificate of practice, Registration certificate issued by government
Current Address ProofCopy Passport, Driving License, Election ID card, Electricity/ Telephone/ Mobile bill/ Bank statement (not more than 3 months old)Bank statement, Utility bill, Reg, Lease or rent agreement, TAN allotment letter, Passport, Driving Licence, Voter ID card, Phone bill, Property bill
Office Address ProofNot ApplicableUtility Bill, Bank Statement, Reg. Lease Rental Agreement
Income ProofForm 16, Latest 6 months’ salary slip & Latest 6 months bank statement, Previous Job experience proof if requiredLast 2 years ITR, Last 12 months bank statement ( ITR is not mandatory)
Property DocumentsPast title chain if resale or builder master file – Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension
(As per the property legal requirement by bank )
&
Latest Draft Agreement, down payment receipt & down payment clearance proof as bank statement

Documents Required


 Colour Photo
 PAN Card Copy
 Last 6 months bank A/C statement


 Passport size photograph of the applicant & co-applicant
 Age proof of co-applicant
 Residence Address Proof

Home Loan Balance Transfer

Compare Home Loan Interest Rates 2020

 

Home Loan Balance Transfer Banks/ HFCsLatest Home Loan Transfer interest Rates 2020Current Home Loan Balance Transfer Processing FeesCurrent Lowest Per Lakh EMI
SBI Home Loan balance Transfer program7.20%0.25%Rs. 689 for 30 Years
Min Rs. 4,001 – Max Rs. 17,400
HDFC Bank Home Loan Transfer7.40%Min Rs. 10,000 + GSTRs. 699 for 30 Years
Bank of Baroda Smart home Loan transfer6.85%Min Rs. 10,030 + GSTRs. 682 for 30 Years
ICICI Bank Home Loan balance transfer8.40%0.25%Rs. 765 for 30 Years
Axis Bank Balance transfer for Home Loan7.75%0.50%Rs. 706 for 30 Years
Min Rs. 5,000 – Max Rs. 10,000
PNB Housing Home Loan Transfer8.90%1.00%Rs. 801 for 30 Years
LIC Housing loan transfer and top up loan7.40%0.25%Rs. 699 for 30 Years
Kotak Bank Home loan transfer8.55%Max Rs. 10,000Rs. 874 for 20 Years
Bank of Maharashtra Balance transfer rates8.00%0.50%Rs. 748 for 30 Years
Edelweiss housing loan transfer10.40%0.25%Rs. 944 for 25 Years
DCB Bank Home Loan balance transfer10.10%1.00%Rs. 981 for 20 Years
Min Rs. 5,000
Federal Bank Balance transfer for Home Loan8.10%0.50%Rs. 758 for 30 Years
Min Rs. 3,000 – Max Rs. 7,500
South Indian Bank housing loan transfer8.15%1.00%Rs. 737 for 30 Years
Max Rs. 10,000
Yes Bank balance transfer scheme9.65%1.00%Rs. 898 for 25 Years
Max Rs. 15,000
IDFC First Bank home loan transfer9.20%Min Rs. 5,000 – Max Rs. 5,000Rs. 841 for 30 Years
Bajaj Finance housing loan transfer8.25%0.50%Rs. 865 for 20 Years
Piramal Housing Finance Balance transfer8.90%0.25%Rs. 805 for 30 Years
Tata Capital housing loan transfer program8.85%1.00%Rs. 808 for 30 Years
Aadhar Housing Home Loan transfer10.50%1.00%Rs. 808 for 30 Years
Magma Housing Home Loan transfer10.50%1.00%Rs. 808 for 30 Years
Fullerton India Grushakti Home Loan transfer10.50%1.00%Rs. 808 for 30 Years
Suvidha Home Loan Balance Transfer10.50%1.00%Rs. 808 for 30 Years
Asha Home Loan Balance Transfer10.00%1.00%Rs. 808 for 30 Years
Reach Home Loan Balance Transfer10.00%1.00%Rs. 808 for 30 Years

As per the above table Bank of Baroda, HDFC LTD (HDFC Bank) & SBI is best for home Loan balance transfer in India, if you have any running housing loan in any of banks/ HFCs with 12 month regular repayment, you are eligible for transfer your existing home loan in these banks or housing finance com at 7.00% to 7.50% rates and lower processing fees apart from transfer your loan you can avail top loan to fulfil your current financial needs.

Key Highlighted features for Home Loan Balance transfer with Dealsofloan:


Lowest Interest rate starting from 6.85%Floating & Fixed interest rates optionSmart Home Loan with Over draft facility
Digital Home Loan Process with Instant Approval100% Top up available on Property ValueCompare with 30+ banks/ Housing Finance
Pan India Presence, with door step serviceComplete support till disbursementZero Service Fees by Dealsofloan team
Loan Tenure Available up to 35 YearsNRI Home Loan Balance Transfer availableWithout Income Proof Loan Available

 

Housing Loan Know how Balance Transfer

 

Balance transfer under housing loan is a most common product in loan industries, where customer can switch his/her existing home loan to any new home loan bank/ HFCs without closing his existing loan by his/her own funds, the existing loan closure funds availed by the new lender, it very easy process customer just need to provide copy of KYC, income documents & Property documents along with original copy List of documents certificate and foreclosure statement from existing bank rest all part of process will be cover by new lending bank/ HFCs with the help of Dealsofloan team.

The main reason of the high demand of transferring existing home loan to other bank is the long tenure of loan & aggressively increasing interest rates by existing lender without any valid reason or market change, most of the banks and Housing finance companies enhance interest rates for its existing customers as per the time to time changes of RBI reverse repo and repo rates, when the RBI increase the rates simultaneity bank increase the rate for all customers but when the RBI reduce the rates none of the reduce existing customers rates they just reduce only its new customers.

We should always be a good buyer/ customer and always keep seeking a good opportunity by saving or earning money, saving of money is equal to earning money so when we got a good comparative option for transferring existing loan, we should do it, just need to check few important points before processing the loans application.

How Home Loan Balance transfer is beneficial:


In the current scenario saving of a single rupee is become necessity for all Indians, like a housewives are saving money and that money help us at the time of our critical time, like the current pandemic situation when many of employees have left their job and sitting at home.

  • Reduce your existing home loan rate of interest and avail new interest rates as low as 6.85% to 7.25% floating & reducing interest rates for all residential properties approved by Collector/ Town Planning/ Corporation/ Nagar Nigam or other all authorised authorities as per the states/ central.
  • Get benefit to reduce your monthly housing loan EMI/ Instalments or reduce your principle outstanding amount without changing of your monthly EMI whatever your requirements or as per the bank policy.
  • Home Loan top loan available at the rate of housing loan at the interest rate of 7.10% to 7.25% for all salaried and self-employed customers and the additional top up amount limit is up to 25% of current principle balance outstanding of existing housing loan.
  • Low Processing fees will be charge by new lending bank/ housing finance companies, maximum up to 0.50% on the loan amount, nil processing fees offer is also available, but legal & technical charges are applicable as this charge is paid to the out sources legal and technical valuator companies for the bank, so the bank takes the charges to pay for the service of legal & valuation of property.
  • Avail smart home loan facility at 7.50% interest, normally it is higher than normal home loan rate, because this feature is good for saving our money and customer can avail higher interest rates on park funds in smart loan account, customer can easily save up to 4% annual interest or we can say earn up to extra 4% on your ideal park funds in account rather than park funds in his/her saving accounts.
  • Customer can avail home loan top up loan scheme under balance transfer program with 30+ banks/ House finance companies at Dealsofloan platform as per the choice.
  • Over 10,000 customers avails balance transfer scheme every month from 600+ locations in the country from our portal, we do not charge service fees from our customers, its free for all.

 

Check your Eligibility for Balance Transfer of Home Loan:

 

To check your eligibility means you are eligible for your existing home loan as per the financial eligibility criteria matching or your property legal/ approval authority based, sometime you are eligible as per the income criteria but not able to eligible due to some issues in your property documents, it may be missing of any title documents or any other critical documents, so before we applied for HL BT ask with your banker to check your list of documents and copy of property documents carefully.

Many times we have seen customer applied for a balance transfer loan in a new bank and the bankers usually try to login the file in a hurry due to login pressure by seniors to achieve login target, so be care full before ask to login, ask your bank manager to check all the documents carefully and ensure.

  • Customer is having a running housing loan with a Banks/ Housing finance company with more than 12 month of clear repayment track, and no default in any other loans or credit cards.
  • Financial eligibility criteria should be match, income & expense ratio cannot be beyond 60% where the home loan EMI to be included into this ratio, for an example if your monthly net take home income is Rs. 50,000 thousand per month so as per the basic thumb rule you will be eligible to pay monthly EMI burden of (50,000 X 60% = 30,000) Rs. 30,000 where the balance transfer and top up loan EMI is the part of Rs. 30000 so suppose you have additional running loan EMI of Rs 10,000 so now you will be eligible to sever new Home Loan EMI up to Rs. 20,000 only, lets per lakh EMI @ 7.25% for 20 Year will be Rs. 790/- only so (20000/ 790 = Rs. 25.32 Lakh) so you will be eligible for Rs. 25.32 Lakhs if you are not satisfied with this amount than you can also club your family income or other income to enhance your loan amount. Under Home loan balance transfer customer can club up to five family members.
  • Customer can avail balance transfer loan up to 30 year old property with top loan features.
  • Balance transfer offer available on gram panchayat property also the residential and no development zone( Sheti Na Vikas Zone) up to 3rd floor with ready possession property only.
  • Home Loan under balance transfer is subject to full disbursement of loan where all over the counter condition needs to be fulfilled by customer within the time line, as per the POA terms and condition.

 

Home Loan Balance Transfer Application Process:

 

  • Apply for Foreclosure statement for your running home loan from your existing bank.
  • Apply for List of documents certificate from your existing bank, it is a process of 15 to 20 days from your existing bank.
  • Complete a copy of your property documents along with sanction plan and completion certificate, need a scan copy of all documents in PDF format for digital process.
  • Complete all KYC documents of your and all co applicants, and all income documents if they are financial co applicants.
  • Ready scan copy of all the documents and connect with Dealsofloan team by apply now, our team will help you to upload documents and process your loan application.
  • Dealsofloan team will help you to fulfil your requirement and you can avail instant home loan approval for principle sanction, post sanction all the legal & valuation part will be done physically by bank team and Dealsofloan team will assist you.
  • Post disbursement of Balance transfer loan, new bank will release first payment to the existing bank for closing existing loan, post closure of existing loan, once the original property documents received to customer and after submission of the all original property documents bank will release the top up amount part.

 

Charges Applicable for Home Loan Transfer:

 

Home Loan transfer charges is depends on customer segment basis, salaried and self-employed customers basis, also it is dependent on floating and fixed interest basis, and sometime it is depends on your existing banks or finance companies policy, have a look for charges below are:

  • Foreclosure charges from existing bank is Nil for all salaried customers on floating interest rates as per the RBI circular. Fixed interest rates or Self-employed customer can be charged between 2% to 4% on principle outstanding amount from existing bank.
  • New Loan processing fee will be applicable from new bank/ lender for processing the loan application and it can be between Rs. 5000 to 1% on the loan amount plus GST on fees.
  • Legal & Valuation fees of Rs. 5000 + GST will be applicable on loan amount but it can be include in processing fees.
  • Another charge for Notice of intimation to state government as MODT (Memorandum of Deposit of title deed) is applicable from the government side, where the amount of charge is 0.2% on the loan amount for equitable mortgage by bank and 0.50% for registered mortgage by banks.
  • Other agreement stamp duty for loan agreement is also required by customer the charge will depend on the number of legal papers, approximate Rs.3000 to Rs. 5000

Home Loan Balance Transfer Documents List:


Home Loan Balance Transfer Documents List:

x
Document SegmentsDocuments TypeApplicantCo-Applicants
Colour PhotoColour photo with white backgroundYesYes
KYC DocumentsPAN CardYesYes
KYC DocumentsAadhar CardYesYes
KYC DocumentsCurrent Address ProofYesYes
Income DocumentsLatest Three Month Salary SlipYesYes
Banking DocumentsLatest 12 month Bank statement of salary account & Loan repayment bankingYesYes
Experience ProofLatest two year jobs experience letter/ Appointment letterYesYes
Existing Loan documentsList of documents & Foreclosure Letter of existing bankYes
Property DocumentsCopy of all property documents along with chain agreement of previous owner if anyYes
Property TaxLatest copy of property tax is requiredYes
Other Property documentsSanction Plan & CompletionYes
Login ChequeLogin cheque is required with the name of new bank for initiating Legal & Valuation charges.Yes
Other Loan detailsBank can ask about all running loan detail of applicant and co applicants, collect all loan statement of latest 12 month EMI clearing bankingYes

Documents for Self-Employed Customers:

Document SegmentsDocuments TypeApplicantCo-Applicants
KYC DocumentsColour Photo with white backgroundYesYes
KYC DocumentsPAN CardYesYes
KYC DocumentsAdhar CardYesYes
KYC DocumentsCurrent Address ProofYesYes
Business ProofCurrent Business Proof and office address Proof  
Income Documents & ITRLatest Two Year ITR set along with P&L, Balance sheets (Tax Audit report if applicable)YesIf available
Banking DocumentsLatest 12 month Bank statement of salary account & Loan repayment bankingYesYes
Experience ProofTwo year business experience proof requiredYesNA
Existing Loan documentsList of documents & Foreclosure Letter of existing bankYes
Property DocumentsCopy of all property documents along with chain agreement of previous owner if anyYes
Property TaxLatest copy of property tax is requiredYes
Other Property documentsSanction Plan & CompletionYes
Login ChequeLogin cheque is required with the name of new bank for initiating Legal & Valuation charges.Yes
Other Loan detailsBank can ask about all running loan detail of applicant and co applicants, collect all loan statement of latest 12 month EMI clearing bankingYes
Other Financial DocumentsCredit team can ask for any schedules of balance sheets, Tally data, debtor or creditors list or other GST statements of GST returnIf required
Professional Degree/ Certificate for CA/ DoctorsDegree/ Registration certificate required for CA & Doctors caseIf required

 

Home Loan Balance Transfer FAQs:

 

Why Home Loan Balance Transfer is beneficial?

To reduce the interest rates for existing home loan customers it is always beneficial to transfer your existing home with new bank because existing bank is always rigid to reduce interest rates.

Which is the preferred bank option for transferring home loan?

Currently State Bank of India Home Loan, HDFC Home Loan & Bank of Baroda home loan is the trending home loan bank in India for balance transfer scheme.

What is the turnaround time for completion of disbursement process?

There are two steps of processing of housing loan balance transfer, first is processing new application in new bank and get the loan disbursement from first bank and it will take 10-12 days than foreclosure cheque submitted to existing bank, to complete loan closure existing bank can take 10 to 15 days normally sometime existing bank takes more time also, post property documents handover to new bank, takes 3 to 4 days to provide top up loan if any.

What is Balance Transfer of Home Loans?

Switching of existing home loan balance outstanding from existing bank to another new bank or housing finance company and avail a home & top up loan option is called balance transfer of loan.

I don’t have ITR can I avail Home Loan Balance Transfer?

Yes, we have designed special program for self-employed customers without ITR or audit report.

Can I avail PMAY scheme benefit for balance transfer loan?

Actually balance transfer can be processed after 12 month repayment of existing loan EMI so the PMAY benefit already availed by customers.

Can I get Home Loan balance transfer for Gram Panchayat Property?

Yes, If your property is in residential/ commercial zone than you can avail balance transfer for your residential property, the property should be 100% completed and below 3rd floor.

Can I transfer my existing home loan from a Co-operative Bank?

Yes, if you have a clean repayment and all EMIs have been paid from your account and your property is a marketable and property approved by a government authority.

Can I transfer my home loan to new bank without providing builder/ Society NOC?

Society NOC or Builder NOC is very critical part without NOC you cannot transfer your loan.

Why should I give Society NOC to bank for Home Loan transfer?

When the property registered under society act, than the entire building belongs to its society partially, so whenever you want to take new loan against your property or transfer your loan from your existing bank, it is mandatory to provide society NOC, it means you have no dues with your society.

What is the loss or disadvantage to balance transfer my home Loan?

Actually taking a home loan transfer at least minimum 1% lower rate from the current running interest rate is always profitable to customer.

What is better option between Top up loan & Personal Loan?

Top loan on your running home by using balance transfer is the best option because personal loan is for short tenure and high rate of interest compare to top up loan.

Can I get Balance transfer loan without taking a guarantor?

Yes, you can avail loan without guarantor, under home loan banks required only co-applicant so there are no requirement of guarantor.

How many co-applicant we can add for income clubbing for loan eligibility enhancement?

You can add up to four financial co-applicant to clubbing income to enhance loan eligibility, all the co-applicants must be family members with blood relationship or spouse only.

How can we compare our savings by our Home Loan balance transfer?

Yes, please refer below mention table for our compare our saving or profit & Loss:

Existing Loan Amount in LakhsRate of Interest – Floating RateLoan TenureMonthly EMI in RupeesTotal Interest Amt. Paid in tenure
10,00,00010%20 Years965013,16,052
10,00,0008%20 Years836410,07,456
  Your Saving AmountRs. 3,08,596

Can I Eligible for Income Tax Exemption/Benefits after taking Home Loan Balance transfer?

Yes, you will be eligible for all income tax benefits for interest and principle repayment in under section 80C and under section 24B

Documents Required


 Colour Photo
 PAN Card Copy
 Last 6 months bank A/C statement


 Passport size photograph of the applicant & co-applicant
 Age proof of co-applicant
 Residence Address Proof

Digital Loan

Dhani Personal Loan Real time Approval

With the DealsofLoan, the loan seekers are offered the seamless services for their Loan requirement. All you need is to fill in the loan requirements figure, Fill in the city of your residing, and Your Name and Mobile number in the next page. Leave the rest on the DealsofLoan representatives, as they will call you in no time. Our Customer care representatives will call you and take things in their hands. With the further assistance from their side, you are ensured that the entire process will be the quickest one in the entire market.

Get your queries resolved with DealsofLoan

The DealsofLoan offers a very quick and easy platform to get your loan requirements for all sorts through their platform. Either it a Personal Loan requirement or a Home Loan requirements, the loan borrowers are ensured with the most transparent approach in the sanctioning of a loan. The Indiabulls Dhani Mobile Loan is a very innovative approach, which allows the people to borrow a loan within the quickest time.

The DealsofLoan with their superior quality customer service ensures that the entire loan process is a hassle-free loan process, which gets closed within a quick time. Also since the documentation is minimal, no further list of documentation is required to complete the whole process. In case, you are troubled with any query and confusion, our customer care is always available at the fingertips, and you can get the instant resolution of all your doubts and queries.

How do the Indiabulls Personal Loan Dhani Loan Mobile App works?

The Indiabulls Personal Loan Dhani Loan Mobile App functions in the following way

 All you need is to apply for the Personal Loan at Indiabulls Personal Loan Dhani Loan Mobile App by downloading the app (with the download link provided above)

 As soon as you enter your Aadhar card, your detailed will be matched as per the bank’s data

 Also, the same Aadhar card number will be utilized to match the other financial status and all other repayment history and other stats of the loan seeker

 Further, it generates the score for the applicant, depending on various factors like income and financial history and as per this record, the Indiabulls venture Limited approves the loan amount and also decides the rate of interest on the loan

 The complete information is furnished to the loan applicant, and once the loan applicant is satisfied with the deal, and agrees with the loan conditions, through e signature, the loan process is further processed and the entire loan amount is disturbed in the bank account of the loan applicant.

Clix Capital Digital Loan

Among various options for Personal Loans, Clix Capital Digital Loan is one of the worth considering loan options for the loan seekers, who are looking for the best Personal Loan to meet their needs. This Gurugram Based Non-banking Financial Company has a range of loan options to serve their customers, and the best part is all the loan options are available at a better rate of interest

Features of Clix Capital Digital Loan

Here are the salient features of the Clix Capital Digital Loan, mentioned below

 The Loan availability begins from as low as Rs. 10k, thus offering the loan seekers with the availability of smaller amount and thus fulfilling small needs, too

 Wide range of loan amount availability

 Hassle free Clix Capital Digital Loan

 Always open to the customers who are new in the finance market, thus offering an easy flexibility to the customers for availing Digital Loan

 Loan Application evaluation is done through the innovative calculation of their own

 Availability of Personal Loan calculator offers, a complete guidance on how much should you borrow and what impact you will be bearing with the change in loan tenure and loan amount on your EMIs

 Easy Application Form offers the quick and hassle-free applying for the Personal Loan Needs

 Easy Approval at very Low Eligibility Criteria offers a chance to all the loan seekers with the low eligibility to get the Personal Loan, when the doors of all the banks have closed

Documents Required for the Clix Capital Digital Loan

Here is the list of Documents required for the Clix Capital Digital Loan

 Proof of Identity like Passport, Aadhar Card, PAN, Driving license etc

 Proof of Address like Passport, Aadhar Card, Driving license etc

 PAN Card

 Bank Statement of last 6 months for verification of your income details

Ways to apply for the Clix Capital Digital Loan

The steps to the application for the Clix Capital Digital Loan can be taken in two ways

1

Visit Clix Capital Website

Directly go to the the bank website https://www.clix.capital/

2

Click on “I would like a Loan”

Click on the section “I would like a Loan for” and choose Personal use

3

Click on Apply Now Button

Fill out the short form, with all details & verify your number with OTP

4

Ready to Go

The customer care representative will contact you shortly and you will be guided with the further process

Through the unmatched services of DealsofLoan

You can also take the services of the DealofLoans for your Clix Capital Digital Loan requirements, which is an easier process to follow:

• Just fill in the eligibility form for your personal loan requirements
• The DealsofLoan representatives will contact you shortly once you provide us the details and will brief you with the next steps for meeting your personal Loan needs and demands

InCred Personal Loan

On Offer is the InCred Personal Loan, as available through the InCred, one of the Non-Banking Financial Company (NBFC) based in Mumbai, India. The company focuses on the plethora of loan products like Personal Loan, Home Loan, Education Loan, Two Wheeler Loan and SME Lending.

Features of InCred Personal Loan

Here are some of the features of the InCred Personal Loan. Let’s take a look at those

 Product tailored to meet personal requirements with lots of flexibility and customization available

 Higher loan limits allows the people borrowing high

 With flexible loan repayment options, the personal Loan Borrowers are always ensured that the repayment terms doesn’t become a headache for them

 Online loan account management offers all the services at the fingertips

 No need to visit branch ensures that the InCred Personal Loan is always a hassle-free loan approach for the people

 Instant disbursal of loan amount

 The loan limit ranges from Rs. 10K to Rs. 7.5 lacs

 A very high-quality customer services, covering all sorts of issues and resolving them instantly

 The loan borrowers are offered the short-term loan options with the minimum loan tenure as low as 3 months, which in case of other lending agencies is mostly 6 months

 Low rate of interest on Personal Loan, as decided by the Credit Score, once all the document check is done

 Offers a chance to skip EMIs due to genuine reasons. All the borrower need to do is to make a call to the customer care and get the loan restructured accordingly

Documents Required for the InCred Personal Loan

Here is the list of documents required for the InCred Personal Loan

 Proof of Identity like Passport, Aadhar Card, PAN, Driving license etc

 Proof of Address like Passport, Aadhar Card, Driving license etc

 PAN Card

 Bank Statement of last 6 months for verification of your income details

Ways to apply for the Clix Capital Digital Loan

The steps to the application for the Clix Capital Digital Loan can be taken in two ways

1

visit InCred Website

Directly go to the the bank website

2

click “Apply Now” Button

After clicking apply now you will be redirected to the Application form

3

Fill the Details

Fill out the short form, with all details & You will get the acknowledgment letter in your mail

4

Ready to Go

The customer care representative will contact you shortly and you will be guided with the further process

Through the DealsofLoan

• Fill in the eligibility form with all the required details
• Our Customer care will call you and will guide you to the next steps
• All you need it to furnish the documents as and when asked
• You will be sent the letter of sanction and once we receive your approval, we proceed further
• Your loan amount will be disbursed in your account

Aditya Birla – ABFL Personal loan

Are you stuck in financial crisis and looking for the instant financial helping hand, to relieve you out of this fuss? Are you looking for the instant cash to relish your dream?

So, no worries with the DealsofLoan Instant Personal Loans, you will be offered several loan options, thus letting you with the easy instant disbursal of the loan at the best rate of interest. All you need is to check various personal loan options available with us and make a choice of the best among the best! So, here are some of the new choices for your Personal Loan Finance options.

For your Personal Loan need, here is an option, Aditya Birla – ABFL Personal loan. Aditya Birla Finance Limited offers several loan products to the customers and in fact, deals with most offerings at the best rate of interest

Features of ABFL Personal loan

Below mentioned are some of the salient features of the ABFL Personal loan

 Personal Loan up to 15 lacs

 Online approval within 30 minutes

 Simple Documentation required for the loan approval

 Hassle Free Loan application and its approval

 Flexible loan tenure offers the easy repayment term and conditions to the loan borrowers

 Personal Loan limit ranges from Rs. 25k to 15 lacs, thus offering the loan seekers with the fulfillment of the less loan amount and meeting small needs and demands

 Preclosure of the loan is permitted just after 6 months

 Borrowers are offered the repayment solutions like Electronic Clearance Service (ECS) and National Automated Clearing House (NACH) to repay the loan

 Option to involve a joint loan borrower, thus increasing the loan amount eligibility

 Processing fee of 2% is applicable for the Personal Loan

 Interest rate starts from 14% per annum

 Preliminary offers can be given without the bank statements, thus get the best idea of the loan features without furnishing any documents

Documents Required for the InCred Personal Loan

Here is the set of some basic documents required for the ABFL Personal Loan.

 PAN Card to check credit information

 Aadhar Card for address and identity verification

 Bank statement to offer you the best deal on the Personal loan

Ways to apply for the ABFL Personal Loan

There are two ways to apply for the ABFL Personal Loan

1

Visit ABFL website

Directly go to the the bank website www.abfldirect.com

2

click “Apply Now” Button

After clicking apply now you will be redirected to the Application form under the Personal Loan section

3

Fill the Details

Fill out the short form, with all details & verify mobile number with the OTP

4

Ready to Go

As soon as you verify the mobile number, you will be logged in at ABFL and you need to complete the rest process

Through the DealsofLoan

All you need is to complete the eligibility form

• Our Customer representatives will contact you in the earliest possible time and take the proceedings in their hands

RBL Bank Instant Personal Loan

RBL Bank Instant Personal Loan is a way to the instant personal loan availability. RBL Bank or the Ratnakar Bank Limited is a scheduled commercial bank, which has its base in the Mumbai region of Maharashtra, India and has varieties of loan offers for the customers spread across the country

Features of the RBL Bank Instant Personal Loan

The RBL Bank Instant Personal Loan comes with several salient USPs, which are detailed below

 Get your loan quote within 1 minute of loan application

 Wide Loan amount ranging from a minimum of Rs.1 lac to Rs.20 lacs

 Convenient loan tenure ranging from a minimum of 1 year to 5 years

 Simple documentation and easy to avail personal loan

 Interest rate is based on monthly reducing balance

 Hassle free disbursal of the loan amount

 You also have the option to club your income with your salaried spouse in order to avail a higher personal loan

Documents Required for the RBL Bank Instant Personal Loan

The list of documents required for the RBL Bank Instant Personal Loan is mentioned below

 Identity Proof like Passport, Driving License, Voters ID or PAN Card

 Address Proof like Passport or utility bills

 Bank Statement for Latest 6 months of Salary Account

 Additional Documents like 1 year employment continuity document, Passport size photos

Ways to apply for the RBL Bank Instant Personal Loan

The RBL Bank Instant Personal Loan can be availed in two different ways, which are listed below

1

Visit RBL Bank Website

Directly go to the the Instant Personal Loan webpage www.rblbank.com

2

click “Apply Now” Button

Click apply now on Personal loan page and you will be redirected to the Application form

3

Fill the Details

Fill in the details like City of Residence, Name, DOB, Gender, Employment type and Mode of Credit, Email ID and Phone Number

4

Ready to Go

As soon as you proceed further, you will get the loan quote and you will also get the customer care call to discuss you with the further process

Through the DealsofLoan

Through the DealsofLoan services, you will get the instant approval for your loan requirements. Here’ what you need to do to get the best services of the DealsofLoan for your RBL Bank Instant Personal Loan need

• Fill in the contact form available at the website
• Our Customer care will call you and will take things further meeting your demands for your instant cash

Why to Deal with DealsofLoan

There are several reasons why you should opt for the DealsofLoan

• Free services. Yes! We don’t charge even a single penny from you for the services
• Instant issue resolution meeting all your demands and needs
• Process your loan at the best rate of interest in the entire market
• You will get the customized quote from various lenders
• No hassle at all; you will get the best doorstep services
• With our experience in dealing with the various lenders, we assure you the best terms and conditions at your loan deal
• Follow up available in the best way
• Completely transparent approach towards dealing with the customers
• Expert advice and guidance to deal with complex situations of your financial life
• Instant loan disbursal with the DealsofLoan

PNB Housing Home Loan – Digital Loan Process

PNB Housing is a brand name of PNB Housing Finance Limited, it is a registered home finance company with National Housing Bank (NHB).

With over 30 Years of housing loan experience, PNBHousing has one of the largest branch networks in India which has always been one of the preferred banking partners of Dealsofloan.

How It works

To enable the digital home loan application followed by the DOL CRM lead flow, add lead in DOL CRM/ Partner App, Upload documents, Select Bank Login as PNB Housing and submit login button, your lead will directly processed to PNBHousing digitally without manually process

Eligible Customers

PNB Housing started a digital home loan process for Salaried & Self Employed both types of customers, customer can avail Principle Approval with Post subjective condition of Legal, Technical, CPV & RCU, to get the Principle approval IMD payment is transferred to PNBhousing account by payment link directly sent to customer’s mail from PNBHousing.

Check Your eligibility for loans.

%
 

How much loan you are eligible for?

 

Dealsofloan with PNB Housing

Dealsofloan is known for its technology strength, and now DOL become the market leader just because of pre development plan for automated lead processing systems, hence Dealsofloan integrated its CRM & Mobile app with various banks/ NBFCs digitally, now at this time DOL CRM & DOL App is directly processing leads digitally without manual process for PL/BL/Credit Card & Housing Loans.Dealsofloan started home loan digital application and providing instant update

PNB Housing Product range

• Home Loan for Salaried Customers
• Home Loan for Self Employed customers
• Unnati Home Loan for unorganised business segment
• Plot Purchase & Construction Loan
• HL/ LAP Balance Transfer
• Industrial Mortgage
• Industry purchase loan
• Lease rental discounting

PNB Housing Home Loan Eligibility Programs

Net Income Program

PNB housing offers Net Income Program matches customers loan amount requirement, it has good Fixed income obligation criteria (FOIR) percentage and other income clubbing options, it will help to enhance loan amount. Under net income program customers can avail maximum loan amount up to 10 Crores

Gross Income Program

This program is designed for self employed customers that are large turnover in ITR but the net profit margin are showing very less, in this program consider a fixed margin percentage of various industry wise and customers are getting best loan eligibility under this program

Liquid Income Program

This is one of the best designed programs of PNBHOusing in the market, this program is used for the businessmen that are dealing with cash transactions instead of account transactions. PNB housing offers the highest multiplier of 5 on declared net income in ITR

Pure rental income Program

One of the unique programs in the market very few banks or housing finance companies have, this program is designed for the customers that are getting only rental income. Under PNBhousing rental income program customers can avail up to 1 Cr loan amount

Lease rental discounting Program

A specialized program for lease rental income getting companies or firms, where customers can avail loan amount eligible EMI to 90% of monthly rental, where create an escrow account between bank and application company/ firm to repay monthly EMI

Self employed professional Program

This program is made for self employed professionals customers where the categories are eligibles as, MBBS/ MBBS & MD/ MBBS & MS/ BDS and above and CA, Architects & Lawyers of Highcourts & Supreme courts are considered. Under this program, annual receipts are considered as net income

Auto Balance Transfer & top up program

This program is available for new borrowers and existing borrowers, under this program customers can avail top up loan amount up to 30% of the base loan amount without providing any income documents

Loan Application Process turnaround time of PNB Housing

Under digital process customers can get principle sanction within 48 hours with PNB housing subject to provide all necessary documents at time of loan application in one go & with customers timely response to PNB credit team on phone or email for any tele verification of personal discussion for credit PD positively