Business Loan in Chennai..!!

Get a business loan solution in Chennai that caters to your financial needs from our experts. Benefit from our experience with loan disbursements to self-employed non-professionals and businessmen providing you loans faster to finance your business needs.

 Who can apply for a Business Loan ?

Any person in business for the last three consecutive years, showing a profit for the last two years and also meets the terms given below.

Profile	Annual Turnover
Self Employed Businessmen	Rs. 2 Crores
Manufacturers	Rs. 1 Crore
Service Providers	Rs. 50 Lakhs

Documents to avail a Business Loan

Apply for a Business Loan by submitting the completed Business Loan application form with these documents:

1. Balance Sheet & Profit and Loss Account of company
2. Proof of ownership of Residential Or Commercial Property
3. IT returns for last two years
4. Proof of residence
5. Proof of identity

Contact: 955 16 10 484, 9841 93 2511, 044 2484 2488.

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Canara Bank Home Loan & Car Loan in Chennai @ Low and Attractive EMI.

            

Avail a Home Loan to enjoy the benefits of IT exemption upto Rs.1.5 lakhs and an additional amount of upto Rs.1 lakh for assessment year 2014-15 under
Income Tax Act.*

FEATURES
Home Loan:	Car Loan:
Hassle free take over	90% finance for new vehicle
Quick Processing	Repayment periode upto 7 years

 To know more about loans give a missed call to:

78 71 620 603

Contact: 

955 16 10 484, 9841 93 2511, 044 2484 2488.

E mail : vijaycapitals@gmail.com

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RBI asks banks not to levy penalty on pre-payment of personal loan, home loan, vehicle loan, corporate loans.

         Providing relief to borrowers, Reserve Bank today directedbanks not to levy any penalty on individual borrowers for pre-paying floating loans.

"...It is advised that banks will not be permitted to charge foreclosure charges or pre-payment penalties on all floating rate term loans sanctioned to individual borrowers, with immediate effect," RBI said in a notification.

Floating loan products include housing, corporate, vehicle and personal loans.

In the first bi-monthly monetary policy statement for 2014-15 released last month, the RBI had said banks should consider allowing their borrowers the facility of prepaying floating rate term loans without any penalty in the interest of their customers.

Some banks are charging pre-payment penalty of up to 2% of the outstanding loans.

Two years ago, RBI had barred banks from levying foreclosure charges or pre-payment penalties on home loans on floating interest rate basis.

It is believed that removal of foreclosure charges or prepayment penalty on home loans will lead to reduction in the discrimination between existing and new borrowers and the competition among banks will result in finer pricing of home loans with the floating rate, RBI had said.

Yesterday, the RBI asked banks not to levy penalties on customers who don't maintain a minimum balance in any inoperative account, as part of a consumer protection initiative.

Several banks, including the State Bank of India, do not levy any charge if the minimum balance is not maintained in an inoperative savings account.

The RBI directed banks in 2012 not to charge customers for non-operation or activation of basic savings bank deposit accounts.

Sources:  Press Trust of India

Mortgage Loan Providers Chennai

We have a dedicated helpdesk for all our Customers.

Call on  78 71 620 603  or  Log on www.vijaycapitals.com to get all Loan Details.

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www.vijaycapitals.com -The simplest way to compare and get best bank loans in Chennai,Vellore,India. Loan against property(LAP, mortgage in Chennai) in chennai Home loans in chennai, Car loans in Chennai, Business loan in chennai and Personal loans from Indian leading banks and NBFC’s.

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Give customers instant access to get a Best Loans. Smart Solution+Smart Growth.

Company Overview

vijaycapitals.com is online marketplace that gives customers instant customized rate quotes on loans. Customers can instantly search for, compare and apply for loans online  at vijaycapitals.com.

Description

Since we Associate  with India’s leading Banks, Nbfc’s and insurance firms, you have to look in only one stop loan solution get a great deal: vijaycapitals.com.
Our goal is to make it easy for everyone to get a great deal on a loan, credit cards or an insurance product. On vijaycapitals.com, you can easily compare ,Choose and its completely free.

Why is vijaycapitals.com different?

* Compare offers using our easy to use tools.
* Tailer made option
* Association with 8 Banks, 5 Nbfc’s

Products        

Current: Personal loans in Chennai

 Business loans in Chennai

Home loans in Chennai

Home Loan Transfer in chennai,

 Car loans in chennai,

 Loan Against property in chennai (LAP, mortgage  loans in chennai) ,

 Life Insurance.

General insurance ,

Demat , commodity Trading ,

 and Savings Instruments.

Contact Info

Phone          044 2484 2488

Mbl no        955 16 10 484,  98419 32 511

Email           vijaycapitals@gmail.com

Website       http://www.vijaycapitals.com

Loan Against Property in chennai...!!

Current Month Bajaj Finserv Personal Loan offer in Chennai..

Now fulfil your dreams with India's fastest online loan approval @ 14.5%* interest rate and also connect with your loved ones with a free iPhone 4 Dear Customer, Bajaj Finserv Lending brings you a world class online personal loan experience Get approval for up to Rs.15 Lacs Get an in-principal approval in 5 minutes flat Get cash in your bank within 72 hours of submitting all documents Loan available to salaried customers within the following income brackets: Monthly net income as Rs.40,000 if based in a metro Monthly net income as Rs.35,000 if based in any other city in India To apply now click here Exclusive offers and privileges *Terms and conditions apply | Finance at the sole discretion of Bajaj Finance Limited | Other cities include where Bajaj Finance operates

Contact: 9551610484, 9841932511, 7871620603, 044-24842488.

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Authorized Person for BAJAJ FINSERV 

Banks lower rates on personal loans.

Nandini Sen Gupta & Aparna Ramalingam, TNN 

CHENNAI: In an effort to grow their lending book, many banks are now offering lower interest rate on personal loans. With the slump in auto sales continuing and certain real estate markets showing signs of sluggishness coupled with corporates shying away from major expansion, banks are looking at new segments for growth

Said Sumit Bali, executive vice president, Kotak Mahindra Bank: "Due to the slowdown in cor.porate lending, there's pressure to increase the book on the retail side as ticket sizes are small and delinquencies are less. Banks are targeting select few 'good' customers from its existing base for personal loans at aggressive rates." Kotak also offers such schemes for its 'good profile' customers where rates can go down to 13.5-13.25%.

The personal consumption segment is holding up despite the slowdown - a comeback after the 2008-09 when unsecured loans had completely skewed the market and many lenders burnt their fingers. "Since then the lenders have wizened up and there are many more firewalls to prevent a repeat," said Bali. "And the personal consumption segment - home loans, car loans, personal loans and credit cards - is doing well even in the slowdown. There is not too much stress of delinquency." The risk factor becomes even lower when the loan is offered to a preferred customer with whom the bank already has a relationship in the form of another loan or a long-standing account and whose credit history is impeccable. Hence the lower rates, say sources.

Sometime back, HDFC Bank too sent mailers to its elite customers with attractive offers on personal loans. Accordingly, those who have a take home monthly salary of over Rs 75,000 per month can avail a minimum loan of Rs 10 lakh at reduced interest rates ranging between 12.99% and 14% per annum on a reducing basis. The bank's personal loan portfolio grew by 26% to touch Rs 17,500 crore during 2012-13 as compared to Rs 13,891 crore during 2011-12. This has now moved up to Rs 19,314 crore as at September end of this fiscal.

Some others like Federal Bank are offering overdraft facilities to salaried account holders at an interest rate of 12.55%. "Under this scheme, the interest rate is just two per cent above our base rate (10.55%) which itself is very competitive from the industry stand point," A Surendran, general manager and head (retail), Federal Bank said. Such customers can avail overdraft limits up to six times of their monthly salary.

Last month, as part of its festive offer scheme, Indian Overseas Bank slashed its interest rate on consumer loans (mainly for purchase of durable and white goods) by 200 basis points to 13.5% from 15.5%. This interest rate offer is on till end of January next year. "The whole idea was to revive consumer spending in certain categories," M Narendra, chairman and managing director, Indian Overseas Bank said.

Some others like Karur Vysya Bank are not going in for a revision immediately. "Personal loan segment is still a high risk area. This segment also entails high cost of servicing in terms of repayment and loan recovery. Some growth in the loan book could be achieved by managing the cost of funds and yields," K Venkataraman, managing director and chief executive officer, Karur Vysya Bank said. "We are not looking to reduce rates immediately," he added.

Key Word: Personal loan in Chennai.