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  • MSW - Products Presentation

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    Sudiptha Sharon
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    The document discusses different types of loans including personal loans, business loans, and home loans. It provides details on eligibility, interest rates, and documents required for different types of loans from nationalized banks, private banks, and non-banking financial companies. Loan types include loans for proprietorships, private companies, listed companies, construction, purchasing, and composite loans. Interest rates range from 7-30% depending on the loan type, customer profile, and lending institution. Required documents include ID proofs, address proofs, income documents, and property documents.

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    The document discusses different types of loans including personal loans, business loans, and home loans. It provides details on eligibility, interest rates, and documents required for different types of loans from nationalized banks, private banks, and non-banking financial companies. Loan types include loans for proprietorships, private companies, listed companies, construction, purchasing, and composite loans. Interest rates range from 7-30% depending on the loan type, customer profile, and lending institution. Required documents include ID proofs, address proofs, income documents, and property documents.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views13 pages

    MSW - Products Presentation

    Uploaded by

    Sudiptha Sharon
    The document discusses different types of loans including personal loans, business loans, and home loans. It provides details on eligibility, interest rates, and documents required for different types of loans from nationalized banks, private banks, and non-banking financial companies. Loan types include loans for proprietorships, private companies, listed companies, construction, purchasing, and composite loans. Interest rates range from 7-30% depending on the loan type, customer profile, and lending institution. Required documents include ID proofs, address proofs, income documents, and property documents.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 13

    MAGNETIC

    WEALTH SERVICES
    Training
    presentation
    1 Types of Loans

    2 Eligibility for Loan

    3 Documents Required

    4 Rate of Interest
    Types of Loans
    PRIVATE PARTNERSHIP
    COMPANY PROPRIETORSHIP
    COMPANY

    A Listed Company (Infosys, Wipro, Tata) Rate of Interest 10% - 15%

    B Unlisted Company (Private, Start up) Rate of Interest 13% - 18%

    C Proprietorship (Logistics, Hotel Industry) Rate of Interest above 20% -


    30%
    Note: Rate of Interest depends on Customers profile
    Documents Required for Personal Loan
    A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt,
    which will be repaid with added interest.

    It’s a
    5Lakhs to
    unsecured
    upto 5Cr
    loan

    Business
    Loan

    Self
    employed Interest 15%
    individuals, to upto 30%
    Proprietors,
    Private Ltd.
    Documents Required for Business Loan

    ❖ PAN Card – For Company/Firm/Individual

    ❖ A copy of any of the following documents as identity proof:


    ➢ Aadhaar Card
    ➢ Passport
    ➢ Voter's ID Card
    ➢ PAN Card
    ➢ Driving License

    ❖ A copy of any of the following documents as address proof:


    ➢ Aadhaar Card
    ➢ Passport
    ➢ Voter's ID Card

    ❖ Driving License Bank statement of the previous 6 months


    ➢ Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years.

    ❖ Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)

    ❖ Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true
    copy of Memorandum.
    Construction Loan Purchasing Loan

    A Khata B Khata E Khata Manual Khata

    Nationalised banks Private banks NBFC

    A Khata A Khata B Khata & A Khata B Khata


    E Khata E Khata & Manual Khata

    Rate of Interest 7% to 10% Rate of Interest 8% to 12% Rate of Interest 10% to 14%
    Nationalised banks Private banks NBFC

    State Bank of India Axis Bank Aditya Birla Finance Ltd

    Bank of Baroda Bandhan Bank L & T Finance Limited

    Canara Bank HDFC Bank Cholamandalam

    Indian Bank ICICI Bank HDB Finance Services

    Indian Overseas Bank IndusInd Bank Muthoot Finance Ltd

    Central Bank of India IDFC FIRST Bank Bajaj Finance Limited

    Punjab National Bank Kotak Mahindra Bank Muthoot FinCorp

    Indian Overseas Bank IDBI Bank

    Union Bank of India YES Bank


    Documents Required for Home Loan

    Property Purchasing Loan for Self Purchasing or Mortgage Loan for Salaried
    Employed Person

    ➢ Aadhar card (Applicant & co applicant)


    ➢ Property purchasing loan documentsAadhar card
    ➢ PAN card ( Applicant & co applicant)
    (Applicant & co applicant)
    ➢ 1 year bank statement upto till date (both)
    ➢ PAN card ( Applicant & co applicant)
    ➢ One set property documents
    ➢ 1 year bank statement upto till date (both)
    ➢ Existing property rental agreements
    ➢ One set property documents
    ➢ Business proof (license)
    ➢ Recent 3 months salary slip
    ➢ 2 years ITR ( both )
    Composite Loan

    Composite loan is a loan extended by banks and financial institutions for the purpose of
    purchasing a plot or land and constructing a house on it within a given a timeline. It's a
    combination of plot loan and construction loan.

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