Financial Consultancy
Here we aim to provide customized financial solutions to our clients according to their requirements. We depend on our rich and diverse expertise, industry experience, commitment to integrity and ethics and personalized solutions. These are the milestones that aid us in helping our clients to solve their finances issues.
Home Loan
Home loan is a secured loan given to individuals who aspire to build or buy a house. The property so purchased is mortgaged in the name of the lending institution as security, till the time the loan is fully repaid.
The lending institution will hold the original property related documents till the time the loan is fully repaid along with the interest.
To buy a house, be it under construction, ready or resale property, the residence buyer can seek for loan from banks or financial institutions through financial advisors.
It should be noted that the terms and conditions of the housing loan can differ widely in terms of loan amount, maturity period, interest rate, repayment mode, etc.
CA N. R. Gugale has been working in this arena for several years as home loan advisors. We have expertise in identifying the banks and institutions that offer the loan on most friendly terms.
Till date, we have been instrumental and successful home loan advisors in Ahmednagar providing home loans to salaried individuals, self employed and professionals to procure home loans at best terms.
Our home loan advisors strive to provide you the home loan deals at the cheapest rate of interest.
We are as assisting to our clients to get Home Loan at Best Interest Rates. Our Professional Fees are lowest in Ahmednagar. Professional fess all Liaison work with bank till loan disbursement.
FAQ’s
What is Home Loan ?
A. The word Home Loan means when you are eager to shift your own residential property or want to invest in real estate & taking a loan for the same.
Can I get an in-principle / Pre-Approval Letter and actually avail of the loan later ?
A. Surly, In-principle / Pre-Approval letter can be issued to you based on your income. After receiving letter you can plan your budget for property.
What is the validity of this letter ?
A. Validity of an In-principle / Pre-Approval letter varies from 30 days to 90 days, depending upon bank to bank.
What are the time line to process a loan application ?
A. In Retail loans 7 working days once documentations are completed
Is it possible to apply jointly with spouse or other blood relative?
A. Surly joint application can be processed but decision varies bank to bank.
What are the processing fees charged by the bank?
A. Processing fee in housing loan varies bank to bank, normally it’s start from 5000.00 to 0.50% of loan amount.?
How much is the loan tenure?
A. In Home Loan bank do offer loan from 5 yrs to 30 yrs which varies bank to bank & age of the borrower.
What is EMI?
A. EMI stands for Equated Monthly Installments. This installment comprises both principal and interest components. EMI is based on the loan amount, rate of interest and the repayment period.
Can I prepay the loan? Are there any penalties?
A. Surly Part-Payment & Prepayment in housing loan can be done at any stage. There is no Part-Payment & Prepayment penalty applicable if loan is on floating rate of interest. If loan is on fixed rate of interest then Part-Payment & Prepayment charges varies from 1.00% to 2.00% bank to bank.
What is the benefit of taking bank loan if even I have enough money to buy a property at my own ?
A. Taking a bank loan is always advisable as it gives you various benefits as below …
1. A Housing loan as it would enable you to get tax exemptions as per Income Tax rules.
2. A Housing Loan can be given by a bank only after all the due diligence of legalities of property so you are always secured in term of property.
3. A Good Loan track record makes bank more comfortable to fund you in case of big requirement in future
What security do I have to furnish?
A. Since this is a housing loan thus bank requires a mortgage of the property for which the loan is being taken.
Business Loan
Loan given to self-employed, professionals or company without any collateral security is called a business loan.
The sanction of business loan is based largely on the creditworthiness of the borrower and the firm. The bank or the financial institutions will first take a look at your firm’s and your credit score and analyze your credit rating before offering loan. They will also look at your financial statements for the past 3 years, bank statements, Nature of business, its current and expected returns and the market trend.
The loan amount could be from Rs. 50000 to Rs. 75 lac and the tenure would be between 1 to 3 years.
At CA N. R. Gugale, we are the experts in helping you avail the best business loan with customer friendly terms.
Businesses need money for several reasons, right from working capital needs to expansion plans to opening up a new branch or for innovation in the existing business.
We provides consultancy and assisting to our clients in to arrange Business Loan at best possible rates. Our Professional Fees are lowest in Ahmednagar . Professional fess includes Preparing CMA Report and all Liaison work with bank till loan disbursement.
FAQ’s
Who can get Business loans?
Why Business Loan?
Loan Amount & Loan Tenure
What is Unsecured Business Loan ?
A. The word Unsecured Business Loan means when a self-employed person apply for a loan based on his income not providing any kind of security against the loan.
What are the time line to process a loan application ?
A. It takes 7 working days once documentations are completed
Is it possible to apply jointly with spouse or other blood relative ?
A. No in unsecured loan generally banks don’t allow joint application..
What security do I have to furnish ?
A. No need of giving any security apart from security cheques.
What are the processing fees charged by the bank ?
A. Processing fee in business loan varies bank to bank, normally it’s start from 2.00% to 3.00% of loan amount.
What is EMI ?
A. EMI stands for Equated Monthly Installments. This installment comprises both principal and interest components. EMI is based on the loan amount, rate of interest and the repayment period.
How much is the loan tenure ?
A. In business loan bank do offer loan for 1 year to 3 year.
Can I prepay the loan? Are there any penalties ?
A. Surly prepayment can be done after 6 months from the date of loan taken & bank will charge 3.00% to 4.00% penalty. Part-payment is not allowed in business loan.
What is the benefit of taking business loan ?
A. Taking a business loan fulfills your urgent requirement of working capital in business.