Loan Services

Loan Services - Kirat Advisory

At Kirat Advisory, we understand that financial needs can arise at any time, whether it's for personal reasons, educational pursuits, or business ventures. That's why we offer a comprehensive range of loan solutions tailored to meet your unique requirements. Our team is dedicated to helping you navigate the complexities of the loan process, ensuring you get the best interest rates and a hassle-free experience from start to finish.

Eligibility for Loan

  • A decent credit score
  • Consistent income flow
  • Age between 23 and 60 years
  • Assets such as FDs, investments, or immovable property
  • A good relationship with your bank
  • A timely debt repayment history

Documents Required

Salaried Applicants

  • Application form with photograph
  • Identity and address proof
  • Last 6 months’ bank account statement
  • Latest Salary Slip
  • Form 16

Self-Employed Applicants

  • Application form with photograph
  • Identity and address proof
  • Last 6 months’ bank account statement
  • Proof of business
  • Business profile
  • Income Tax returns (self and business) for the last three years
  • Profit/loss statements and balance sheets of the last three years

Loan EMI Calculator

A Loan EMI Calculator is an essential tool that helps you calculate the monthly amount payable to the lender and the total interest. Simply enter the principal amount (P), time duration (N), and rate of interest (R) to get the EMI applicable to your loan amount.

How to Apply for a Loan?

  1. Check Your Eligibility: Review the criteria to ensure you qualify for a loan.
  2. Gather the Necessary Documents: Collect all required documents based on your employment status.
  3. Use Our EMI Calculator: Estimate your monthly payments to better plan your finances.
  4. Submit Your Application: Apply online or visit our branch to complete your application.
  5. Await Approval and Disbursement: Our team will process your application promptly, ensuring quick disbursement of funds.

Types of Loans

Based on Security Provided

  • Secured Loans: These loans require collateral and usually have lower interest rates.
  • Unsecured Loans: No collateral is needed, but the interest rates are typically higher.

Based on Purpose

  • Education Loan: Helps finance undergraduate, postgraduate, or certification courses.
  • Personal Loan: Can be used for vacations, medical emergencies, big purchases, or debt repayment.
  • Vehicle Loan: For purchasing two-wheelers or four-wheelers, new or used.
  • Home Loan: For buying, constructing, or renovating a house, or purchasing a plot.

Based on Pledged Assets

  • Gold Loan: Pledge gold to receive cash.
  • Loan Against Assets: Pledge property, insurance policies, FDs, mutual funds, shares, or bonds.

Important Factors Lenders Consider

  • Credit Score: A key factor in loan approval, reflecting your creditworthiness.
  • Income and Employment History: Demonstrates your ability to repay the loan.
  • Debt-to-Income Ratio: Ensures you have sufficient income after existing debt repayments.
  • Collateral: Can lower interest rates if provided.
  • Down Payment: A higher down payment reduces the loan amount required.

Features and Benefits of Loans

  • Variety of loan types based on security, purpose, and pledged assets
  • Flexible eligibility criteria
  • Repayment tenure and interest rates vary
  • Some loans offer instant disbursement to meet urgent needs
  • EMI repayments make it easier to manage finances
  • Prepayment options may be available, with or without penalties

Why Choose Kirat Advisory?

At Kirat Advisory, our goal is to make the loan process as smooth and straightforward as possible. Here's how we can help:

  • Expert Guidance: Our experienced advisors will help you choose the best loan based on your requirements and eligibility.
  • Competitive Interest Rates: We work with a wide network of lenders to secure the best interest rates for you.
  • Hassle-Free Process: From eligibility checks to document collection and application submission, we handle everything for you.
  • Quick Approval and Disbursement: Our streamlined processes ensure that your loan is approved and disbursed promptly.
  • Customer Support: Our dedicated support team is always available to answer your questions and assist you throughout the loan process.

Get Started Today

Ready to take the next step? Contact Kirat Advisory today and let us help you find the perfect loan solution for your needs. Visit our website or reach out to our customer service team to begin your hassle-free loan application journey.