Loans

Home Loan

Buying a house will give you a sense of achievement that, you will never find with owning anything else. If you have reached a stage in your life, where you wish to buy a beautiful home for yourself and your family, a Home Loan can indeed help you to make this dream come true .

Home Loan is a loan taken for purchasing/constructing/improving a home. The home is mortgaged to the lender as a collateral security

The amount of loan will depend on the market value of the home and the repayment capacity of the borrower. Typically, 80% of the market value of the home can be availed.

The processing time could be between 3-4 weeks depending on factors such as the CIBIL report, financial position of the borrower, promptness in documentation etc.

The maximum tenure for a Home Loan is 360 months (30 years).

Personal Loan

A personal loan is a loan to meet your current financial needs such as a wedding, a vacation, medical emergency and many more. An amount given to an individual to use for personal benefit that must be paid during over a specific period of time. It is an unsecured loan that is obtained without the use of any collateral for the loan .

The maximum amount that can be availed is 30 lakhs based on the financial institution that best fulfils your requirement. The figure largely varies depending on your salary, current loans, employer, bonus received if any and other parameters. The final eligibility can be determined only on the basis of actual financials.

he TAT (Turn Around Time) for a Personal Loan is anywhere between 3-7 working days, depending on factors such as the CIBIL report, financial position of the borrower, promptness in documentation etc.

The tenure is 60 months (5 years).

Loan against Property

Loan Against Property is a secured loan in which property is used as a collateral to borrow loan from a lending institution. The property being mortgaged can be residential property, commercial property, land, industrial property etc. The loan amount is ascertained by individual banks and is based on the market value of the property. The maximum amount is subject to loan to value (LTV), which varies from 50-70 % of the market value of the property.

The amount of Loan will depend on the market value of the property which will be mortgaged with the bank and the borrower’s repayment capacity. Typically, the lender will sanction up to 75% of the market value of the property.

The TAT (Turn Around Time) for a Loan Against Property could be anywhere between 2-3 weeks, depending on factors such as the CIBIL report, financial position of the borrower, promptness in documentation etc.

The maximum tenure for which you can take a Loan Against Property is 180 Months (15 Years).

Business Loan

Easy and collateral free loans for small and micro enterprise engaged in manufacturing, processing and preservation of goods or rendering service and it is given solely on the basis of financial statement of the borrower with no guarantor/collateral security involved.

The amount of Loan will solely depend on the strength of your Balance Sheet ansd your Finincials.

The TAT (Turn Around Time) for a Business Loan is one week, depending on factors such as the CIBIL report, financial position of the borrower, promptness in documentation etc.

The maximum tenure for which you can take a Business Loan is 60 Months (5 Years).

Vehicle Loan

Wondering how much EMI you would be paying on your car loan? Use this Car Loan EMI Calculator to plan your purchase. Simply key-in the details about your finances and the vehicle you are planning to buy, and we will do the rest. A user-friendly interface will let you modify the model, the loan amount and the tenure to suit your preferences. Use this calculator to arrive at the EMI you are comfortable.

Medical Loan

Healthcare in these times is expensive and not everyone can afford to have a solid health insurance plan that protects them from all the medical uncertainties in life. It is at times like this medical personal loans come to rescue. Personal medical loans are Personal Loans that aim at offering cover for unseen medical expenses. These medical loans can be used to pay for medical expenses including hospitalisation bills, medical prescription bills, surgeries such as angioplasty, bypass surgery, chemotherapy and others similar treatments. Though health insurance is more popular than medical loans, not everyone can afford it. Medical loans can be used to pay up for any medical expenses while the cover offered by health insurance is limited. Another advantage of medical loan is that there is no need to pay collateral or deposit. A personal medical loan ensures that you get quality medical care with no delay.

Any salaried and self-employed individual Indian citizen

A pensioner who has taken voluntary retirement is also eligible

Most of the banks don’t require the individual to have a minimum salary.

No deposit.

No collateral.

  • “ Loan-Junction is a distributor for all sorts of loans, i.e. personal, home loan, business loan including balance transfers & top ups. Every customer's needs are different and have different priorities, so “one-size fits all” approach doesn’t apply.. ”

    MR. S. Puraswani

    Manager