SME Loans Offers

ICICI Bank Car Loan on Rubique

9.35% onwards Interest rates
Processing Fees2000- 2500
Tenure1 - 5 years
Features: E-Approval
Upto 100% of ex-showroom price

Tata Capital Car Loan on Rubique

9% onwards Interest rates
Processing FeesVariable
Tenure1 - 5 years
Features: Flexi EMI options
Simple documentation

HDFC Bank Car Loan on Rubique

9.85% onwards Interest rates
Processing FeesNil
Tenure1 - 5 years
Features: No guarantor required
Part payment available

Au Financiers Car Loan on Rubique

17% onwards Interest rates
Processing FeesNil
Tenure1 - 5 years
Features: No guarantor required
No income proof schemes

Hinduja Two Wheeler Loan on Rubique

Variable Interest rates
Processing FeesVariable
Tenure1 - 5 years
Features: No guarantors & no collaterals
Simple, hassle free documentation

HDFC Bank Two Wheeler Loan on Rubique

Variable Interest rates
Processing Fees3 %
Tenure1 - 5 years
Features: Speedy approval
Convenient and hassle free documentation

Tata Capital Two Wheeler Loan on Rubique

22% Interest rates
Processing FeesVariable
Tenure0.5 - 5 years
Features: No guarantors & no collaterals
Simple, hassle free documentation

Hero Fincorp Two Wheeler Loan on Rubique

Variable Interest rates
Processing FeesVariable
Tenure1 - 5 years
Features: No guarantors & no collaterals
Simple, hassle free documentation

HDB Finance Personal Loan on Rubique

15.95 - 18.95% Interest rates
Processing Fees2.00% + ST
Tenure1 - 3 years
Features: Quick and Speedy processing No guarantor/security required

IDFC bank Personal Loan on Rubique

12% onwards Interest rates
Processing Fees2.50%
Tenure3 months - 5 years
Features: Competitive interest rates. Flexible loan tenure starting with as short as 3 months

IndusInd Bank Personal Loan on Rubique

16% onwards Interest rates
Processing Fees0.50% - 2.50%
Tenure1 - 5 years
Features: Simple documentation
Quick processing and speedy disbursal

Kotak bank Personal Loan on Rubique

13.90% onwards Interest rates
Processing FeesUp to 2.0%
Tenure1 - 5 years
Features: Attractive interest rates Minimal paperwork and hassle free processing

RBL Bank Personal Loan on Rubique

14.50% onwards Interest rates
Processing Fees2.50% + ST
Tenure1 - 5 years
Features: No guarantor required
Minimum paper work

ICICI Bank Personal Loan on Rubique

11.49% onwards Interest rates
Processing FeesVariable
Tenure1 - 5 years
Features: Easy repayment options, interest rate remains unchanged throughout loan tenure

Axis Bank Personal Loan on Rubique

13% onwards Interest rates
Processing Fees2.00%
Tenure1 - 5 years
Features: Provide loans to salaried individuals. Loans are available from Rs 50,000 to Rs 15,00,000

HDFC Bank Personal Loan on Rubique

11.49% onwards Interest rates
Processing Fees999 Rs to 2.50%
Tenure1 - 5 years
Features: Simplified documentation. Competitive pricing - Benefit from competitive loan rates and convenient repayment options

Tata Capital Personal Loan on Rubique

12.50% onwards Interest rates
Processing Fees999 Rs or 2.50%
Tenure1 - 5 years
Features: No guarantor required
Minimum paper work

CASHe Personal Loan on Rubique

1.5% onwards Interest rates
Processing FeesVariable
Tenure15/30/90 Days
Features: Faster approval process with less documentation.

Fullerton Personal Loan on Rubique

19.50% onwards Interest rates
Processing Fees2.00% + ST
Tenure1 - 4 years
Features: Quick processing and online approval
Repayment tenure up to 4 years

Capital First Personal Loan on Rubique

12% onwards Interest rates
Processing Fees1.00% + ST
Tenure1 - 4 years
Features: Min.documentation, Approval without any mortgage, Insurance options at attractive premium, Fast processing, Interest on monthly basis

Bajaj Finserv Personal Loan on Rubique

14.75% onwards Interest rates
Processing Fees2.50% + ST
Tenure1 - 5 years
Features: Quick processing
Part prepayment facility

Tata Capital Home loan on Rubique

9.55% onwards Interest rates
Processing Fees0.25% - 0.50% + ST
Tenure1 - 30 years
Features: Pre-approved projects
Prepayment allowed

Magma Housing Home Loan on Rubique

12.00% onwards Interest rates
Processing Fees1.00% + ST
Tenure3 - 20 years
Features: Flexible documentation. Competitive home loan interest rate

DHFL Home Loan on Rubique

8.70% onwards Interest rates
Processing FeesRs.5,000-20,000 + ST
Tenure1 - 30 years
Features: Loan amounting Rs.1 lac to Rs.5 crores, Loan for ready built-up or under construction house/flat purchase

IIFL Home Loan on Rubique

8.55% onwards Interest rates
Processing Fees5,000 + ST
Tenure1 - 25 years
Features: Super quick loan application process. Linked security offered with insurance cover

PNB Housing Home Loan on Rubique

8.90% onwards Interest rates
Processing FeesRs. 10,000/0.50% + ST
Tenure1 - 30 years
Features: Excellent post disbursement services

DBS Bank Home Loan on Rubique

8.60% onwards Interest rates
Processing FeesRs. 10,000 + ST
Tenure1 - 25 years
Features: Loan up to Rs. 5 Crores, Flexibility to pay interest, Loans available for NRIs, Loans up to 80% of the property value

Aditya Birla Housing Finance Home Loan on Rubique

8.70% onwards Interest rates
Processing Fees0.50+ ST onwards
Tenure1 - 30 years
Features: Attractive interest rates. Quick & transparent processing

IDFC Bank Home Loan on Rubique

8.90% onwards Interest rates
Processing FeesRs. 5,000 + ST
Tenure1 - 30 years
Features: Get more loan eligibility based on your future earnings

Standard Chartered Home Loan on Rubique

9.35% onwards Interest rates
Processing Fees0.50% + ST
Tenure1 - 20 Years
Features: Transferring your existing loan to Standard Chartered Bank and availing a Top Up Loan along with the transfer.

Equitas Home Loan on Rubique

13.50% onwards Interest rates
Processing FeesRs. 5,000 + ST
Tenure3 - 15 years
Features: Differential rate for equitas members and general customers

Edelweiss Home Loan on Rubique

11.75% onwards Interest rates
Processing FeesUp to 2.00% + ST
Tenure1 - 30 years
Features: Customized loan options
EMI up to 60% of monthly salary

Tata Capital Housing Home Loan on Rubique

9.55% onwards Interest rates
Processing Fees0.25% - 0.50% + ST
Tenure1 - 30 years
Features: Pre-approved projects

Indiabulls Home Loan on Rubique

8.65% onwards Interest rates
Processing FeesRs. 10,000/0.50% + ST
Tenure1 - 30 years
Features: Loan upto 30 years
Quick processing and fast disbursement

IDBI Home Loan on Rubique

9.45% onwards Interest rates
Processing FeesNil
Tenure1 - 25 years
Features: Assistance in property search and due-diligence of property for acquisition

ICICI Bank Home Loan on Rubique

8.65% onwards Interest rates
Processing FeesRs. 10,000-0.50% + ST
Tenure3 - 30 years
Features: There is no need to search for the guarantor. No pre-closure and pre-payement charges required.

HDFC Limited Home Loan on Rubique

8.65% onwards Interest rates
Processing Fees 0.20%/Rs. 10,000 + ST
Tenure1 - 30 years
Features: There is no need to search for the guarantor. No pre-closure and pre-payement charges required.

DCB Bank Home Loan on Rubique

10.48% Interest rates
Processing Fees0.50 - 1%
Tenure1 - 25 years
Features: Minimal documentation requirements and unmatched assistance to offer fast approval Balance transfer facility

Aditya Birla Finance Limited Home Loan on Rubique

8.70% onwards Interest rates
Processing Fees0.50+ ST onward
Tenure1 - 30 years
Features: Attractive interest rates

Shriram Housing Home Loan on Rubique

15.00% onwards Interest rates
Processing Fees1.50% + ST
Tenure1 - 20 years
Features: Flexible schemes for informal segment to calculate loan eligibility

Kotak Mahindra Bank Home Loan on Rubique

9.35% onwards Interest rates
Processing Fees0.50% + ST
Tenure1 - 20 years
Features: Attractive interest rates on your loan amount. Easy and Convenient loan disbursement process

Deutsche Bank Home Loan on Rubique

9.60% onwards Interest rates
Processing Fees0.20% + ST
Tenure5 - 20 years
Features: Choose between a fixed or a floating interest rate for your loan. Avail of loan amounts up to Rs. 10 Crores.

Reliance Home Loan on Rubique

9.75% onwards Interest rates
Processing Fees1.00% + ST
Tenure1 - 20 years
Features: Customized Loan Solution. Higher Loan Eligibility. Simplified documentation

Federal Bank Home Loan on Rubique

9.57 - 9.82% Interest rates
Processing FeesRs.3000 - 7500 + ST
Tenure1 - 30 years
Features: Quick and hassle free online process.

Axis Bank Home Loan on Rubique

8.65% onwards Interest rates
Processing FeesRs. 2,500-5,000 + ST
Tenure1 - 30 years
Features: There is no need to search for the guarantor. NRI individuals can also enjoy the benefits.

Larsen and Toubro Home Loan on Rubique

9.90% onwards Interest rates
Processing FeesUp to 2% + ST
Tenure1 - 20 years
Features: Dedicated Relationship Managers and flexible repayment options

How SME Loans Application & Disbursal Process Works

We have partnered with leading banks and NBFC's to provide you a comprehensive range of car loan options. Our unique matchmaking algorithm ensures that we match your requirements with available options and provide you the best results.

Offers are displayed sequentially to help you compare key features like interest rates, processing fees, tenure and features. So, you can make an informed decision.

Once you have compared and found the loan that is best suited to your requirements, you need to fill a detailed online application form. This is required to check your eligibility and process your application.

We also help you with end to end fulfilment, including documentation pick up and submission to the respective financial institutions. You can track the entire journey of your application by logging in to \"My Accounts\" section on the website.

We have partnered with leading banks and NBFC's to provide you a comprehensive range of two-wheeler loan options. Our unique matchmaking algorithm ensures that we match your requirements with available options and provide you the best results.

Offers are displayed sequentially to help you compare key features like interest rates, processing fees, tenure and features. So, you can make an informed decision.

Once you have compared and found the loan that is best suited to your requirements, you need to fill a detailed online application form. This is required to check your eligibility and process your application.

We also help you with end to end fulfilment, including documentation pick up and submission to the respective financial institutions. You can track the entire journey of your application by logging in to \"My Accounts\" section on the website.

We have partnered with leading banks and NBFC's to provide you a comprehensive range of personal loan options. Our unique matchmaking algorithm ensures that we match your requirements with available options and provide you the best results.

Offers are displayed sequentially to help you compare key features like interest rates, processing fees, tenure and features. So, you can make an informed decision.

Once you have compared and found the loan that is best suited to your requirements, you need to fill a detailed online application form. This is required to check your eligibility and process your application.

We also help you with end to end fulfilment, including documentation pick up and submission to the respective financial institutions. You can track the entire journey of your application by logging in to \"My Accounts\" section.

We have partnered with leading banks and NBFC's to provide you a comprehensive range of home loan options. Our unique matchmaking algorithm ensures that we match your requirements with available options and provide you the best results.

Offers are displayed sequentially to help you compare key features like interest rates, processing fees, tenure and features. So, you can make an informed decision.

Once you have compared and found the loan that is best suited to your requirements, you need to fill a detailed online application form. This is required to check your eligibility and process your application.

We also help you with end to end fulfilment, including documentation pick up and submission to the respective financial institutions. You can track the entire journey of your application by logging in to \"My Accounts\" section.

As Simple as This!

2

Mins

Apply

It takes just a few minutes to provide us with your information

5

Mins

In-principle Approval

Our matchmaking algorithm matches your requirement and eligibility with lender systems to provide in-principle approvals real time

4

Days

Disbursal

We help with documentation pick up and submission. It takes 4-7 business days for final disbursal depending on the product

All about SME Finance - FAQ Section

What are the most important eligibility criteria for car loans?

These loans are offered at attractive interest rates to both salaried and self-employed individuals who meet age and income eligibility criteria required by our lending partners. Salaried individuals should be between 21 and 60 years old and the minimum salary required is usually in the range of Rs 2.4 lakhs per annum and upwards. This will be determined based on your Form 16. You will also have to be employed with the organization for one year.

What the maximum amount I can avail of?

Car loans start from Rs 1 lakh onwards based on criteria such as your requirement and eligibility, your annual income, your repayment capacity and other outstanding financial obligations. You get up to 90% of the value of the car to be purchased.

What tenure can I apply for in my car loan application?

You can typically get approved for a tenure ranging from 12 to 60 months.

What type of vehicles or automobiles can I buy with my car loan?

Your car loan will cover the purchase of most passenger cars, SUVs (sports utility vehicle) and MUVs (multi utility vehicle). Car loans come with the condition that the vehicle is purchased for personal use. If you are purchasing a vehicle for commercial use, you can apply for a commercial vehicle loan.

What is the process of applying for a car loan?

You start your eligibility check and receive your loan approval online in a couple of minutes. Once your loan is approved, our executives coordinate with you to complete your application form along with necessary documents like income proof, identity proof and any other documents the selected lender requires. It takes approximately seven working days from application and receiving instant in-principle approval online to disbursal of the loan.

Do car loans require me to provide any security or collateral to the lender or bank?

Just like a home loan, your vehicle will be used as the collateral to secure your loan. When you take an auto loan your car or vehicle is hypothecated to the bank or lender for the period of the loan. So no other collateral or security is required to get an auto loan.

Can I sell the vehicle I have used a car loan to purchase?

Yes but you need to pay off your car loan and obtain a No Objection Certificate from the bank before you sell. This is mandatory because your car is hypothecated to the bank when you avail of the loan.

Do I need to pay any charges towards availing a car loan?

Rubique.com offers a free online eligibility check from banks and lenders you select. After you receive your in-principle approval, the selected bank or lender may apply processing fees for your loan application. We clearly mention fees and charges for each lender that you are eligible for so you can compare their fees and charges before choosing to apply.

We clearly mention fees and charges for each lender that you are eligible for so you can compare their fees and charges before choosing to apply.

Are there any charges applicable when I make a pre-payment towards my car loan?

Most lenders and banks allow you to make pre-payments towards your car loan although they may apply charges. Charges vary across lenders.

Are there any charges applicable when I foreclose my car loan?

You will need to pay all outstanding dues against your car loan before you foreclose it. Charges vary across lenders.

Can I get loan to purchase a used car?

Yes, most lenders do offer loans to purchase used or second hand cars. Interest rates on used cars and second hand vehicles are usually higher than those applicable when purchasing a new car.

Can I negotiate for better interest rates for my car loan?

It is in your best interest to get the lowest interest rate for your car loan. Interest rates vary across lenders and can be negotiated based on your credit history and your relationship with the bank.

What documents do I need to submit to get my car loan approved?

This depends on whether you have an existing relationship with the bank. Most lenders require a minimum of income proof, residence proof and identity proof to process your application.

What is the processing time required for a car loan?

When applying for a car loan on Rubique, you receive an instant approval. We then complete your application and get your loan disbursed within 7 days.

What are the most important eligibility criteria for two-wheeler loans?

These loans are offered at attractive interest rates to both salaried and self-employed individuals who meet age and income eligibility criteria required by our lending partners.

What the maximum amount I can avail of?

You get 85-100% of the value of the vehicle to be purchased depending on whether you are salaried or self-employed and your existing relationship with the bank.

What tenure can I apply for?

Typically, 12 to 60 months.

What is the process of applying for a two-wheeler loan?

You start your eligibility check and receive your loan approval online in a couple of minutes. Once your loan is approved, our executives coordinate with you to complete your application form along with necessary documents like income proof, identity proof and any other documents the selected lender requires. It takes approximately 7 working days from application and receiving instant in-principle approval online to the disbursal of the loan.

Do two-wheeler loans require me to provide any security or collateral to the lender or bank?

Just like a home loan or car loan, your vehicle will be used as the collateral to secure your loan. When you take a two-wheeler loan your vehicle is hypothecated or pledged to the lender for the period of the loan.

Can I sell the vehicle I have used a two-wheeler loan to purchase?

You need to pay off your loan and obtain a No-Objection Certificate from the bank before you can sell your vehicle. This is required as your vehicle is hypothecated or pledged to the bank when you avail of the loan.

Do I need to pay any charges towards availing a loan?

Rubique offers a free online eligibility check from banks and lenders you select. After you receive your in-principle approval, the selected bank or lender may apply processing fees for your loan application. We clearly mention fees and charges for each lender that you are eligible for so you can compare their fees and charges before choosing to apply.

Are there any charges applicable when I make a pre-payment towards my two-wheeler loan?

Most lenders and banks allow you to make pre-payments towards your loan although they may apply charges for this. Charges vary across lenders.

Are there any charges applicable when I foreclose my loan?

You will need to pay all outstanding dues against your loan before you foreclose it. Charges vary across lenders.

Can I get loan to purchase a bike? What types of bikes are the loans offered on?

Yes, most lenders offer loans to purchase new, used or second-hand bikes. Interest rates on used and second hand bikes are usually higher than those applicable when purchasing a new bike.

Can I negotiate for better interest rates for my two-wheeler loan?

It is in your best interest to get the lowest interest rate for the loan for your bike. Interest rates vary across lenders and can be negotiated based on your credit history and your relationship with the bank.

What documents do I need to submit to get my loan approved?

This depends on whether you have an existing relationship with the bank. Most lenders require a minimum of income proof, residence proof and identity proof to process your application for a loan to purchase a bike.

What is the processing time required for a two-wheeler loan?

When applying for a two wheeler loan on Rubique.com, you receive an instant approval. We then complete your application and get your loan disbursed within 7 days.

How can I apply for personal loan?

You can do it online or by contacting our call centre.

If you apply online by filling in a brief form, you will get an in-principle approval on your query because we have partnered with several banks. This ensures faster turnaround time for your requirement.

Our unique matchmaking algorithm ensures we match your requirement with the available options and share the result.

One of our experts will contact you to provide information about available options and process your application. We will also arrange to get your documents and other paperwork picked up from you.

If speaking to someone makes it’s easier for you, you can contact us at 1800-266-0299. One of our experts will contact you to provide information about available options and process your application.

How do I know if I am eligible for personal loan?

The eligibility criteria varies across banks and NBFCs. Generally, individuals need to fulfil these basic criteria:

If you are salaried:

You must be between 21 and 58 years old You must have worked a minimum of 12 months with your current employer

If you are self-employed:

You must be between 21 and 65 years old You must have worked a minimum of 3 years in your current business or profession

The ability to repay the loan is one of the main factors that determine your eligibility for a loan. Other criteria include tenure of loan, company you work with, your credit history and sometimes your place of residence.

How do I know my personal loan eligibility amount?

Ideally, you should borrow only as much as you can pay back in a comfortable manner. The EMI of your loan should preferably not exceed your disposable income, which is your monthly take-home after deducting household expenses and existing EMIs for other loans.

What is the difference between fixed and floating interest rates?

When you avail for loan at a fixed interest rate, it will remain the same throughout the tenure, irrespective of market performance. With a floating interest rate, market fluctuations will determine increase or decrease of interest rates. In most cases, personal loan will be offered at a fixed interest rate.

What is the standard interest rate on personal loans?

It ranges from 14% to 28%, depending on an individual’s profile, and the bank or institute’s offering.

What are the minimum and maximum amounts that can be issued as a personal loan?

Personal loans are available in the range of Rs 15,000 to Rs 10 lakhs.

What is the maximum tenure of a personal loan?

Most banks and NBFC’s provide a personal loan for 12 months to 5 years (60 months).

Can a personal loan be applied for with a co-applicant?

Yes. All you have to do is specify so in the application form. Having a co-applicant increases the chance of getting a higher loan, depending on their profile, income and obligations.

How long does processing of loan takes?

A loan approval process can take anywhere between 48 hours to one week, depending on the documentation. The disbursement of the loan is done on completion of all paperwork including submission of ECS (Electronic Clearing System) and / or PDC (Post-Dated Cheques). Rubique additionally provides ‘In-principle Approval’, which speeds up the processing time.

How can I compare loans from different providers?

All you have to do is complete the eligibility form on Rubique and gain access to customized quotes from a number of loan providers. You can browse, compare interest rates, EMIs, repayment charges and processing fee and make an informed decision.

What if my loan application is rejected due to some reason?

Before submitting your application, we scrutinize your documentation and mitigate any probability of a rejection. However, in case your application is rejected, our loan experts ensure your application is processed through another bank/ NBFC.

How do I pay my monthly EMI?

For monthly payments, banks may request for an Electronic Clearing System (ECS) form to be signed by you linking your salary or operational account. Besides ECS, at the time of applying for the loan, banks may ask you to submit post-dated cheques. Do clarify your ECS debit date with the bank so you can ensure sufficient balance for payment clearance.

What pre or post-payment charges I should consider while taking a loan?

The tenure to repay the loan ranges from 1 to 5 years. In case of early payment of loan, pre-payment charges may apply. This could go up to, as high as 5% of the principle outstanding (balance loan amount), and it may vary depending on the borrower’s credit profile as well as the bank’s policies.

How will I receive the money after disbursement?

The amount will be credited to your bank account.

Is a guarantor necessary?

Typically not but some lenders may demand one. For more details, you can visit our product browser section.

What happens if I default on an ECS payment?

Firstly, you will be levied a fee for late payment.

Secondly, all your loan transactions and credit card payments / defaults are collected by Credit Information Bureau of India Ltd (CIBIL). Defaulting on a loan or credit card will show up poorly on your credit history. This could pose a problem when applying for a loan in the future.

What is Credit history?

It basically records your repayment of past loans and credit card bills. The Credit Bureau of India Limited (CIBIL) maintains credit history and it is important that you have a good credit score with CIBIL if you wish to avail a loan in a hassle-free manner.

Will I be charged by Rubique for services offered?

No. The services offered by Rubique are completely free of charge.

What are the key parameters to consider while looking for a home loan in India?

Purpose of the loan

Whether the house you are hoping to purchase is ready for possession or are you buying a plot to construct a house on

Home loan eligibility amount

Housing loan interest rate and EMI

Processing fee

Pre-closure fees and pre-payment fees applicable

How can I compare loans from different providers?

All you have to do is complete the eligibility form on Rubique and gain access to customized quotes from a number of home loan providers.

You can browse, compare interest rates, EMIs, repayment charges and processing fee and make an informed decision.

What are the tenure options for home loan?

A home loan can be taken for any time period between 5 and 25 years. The tenure varies as per the lender and eligibility of the customer.

It is important to remember however that your eligibility ends after the age of 65, or when you retire – whichever comes first. So the tenure must end before either of these.

Can I apply for a housing loan with a co-applicant?

Yes, you can apply for a loan with a co-applicant. All you have to do is specify it in the application form. Having a co-applicant increases your chances of availing an increased loan amount, depending on his/her profile, income and obligations.

What is the eligibility for home loan?

Broadly speaking, anyone aged between 25 and 65 years who is not retired is eligible. The following criteria are also important because they determine your potential to repay the loan:

Purpose of the loan Your income Assets and liabilities Your spouse’s income, in case you are applying for a joint loan Qualifications Employment and professional experience Credit score and history (the prospect of getting a loan increases with a good credit score) Residential status Number of dependents

Financial institutions determine your potential to repay basis the above parameters.

How large a loan can I avail of?

Banks or financial institutions can lend up to 75-80% of the cost of the property. You are expected to pay 20-25% of the amount as a down payment for the loan.

For self-employed individuals, your business’ profit is the yardstick to determine the amount of loan you can avail.

What is processing fees?

This is charged by the bank or financial institute for processing your application. The charge is generally fixed or is a percentage of the loan amount.

Are registration and stamp duty costs covered under home loan?

Apart from the actual loan amount, registration charges, transfer charges and stamp duty costs are included in the total cost calculation of the home loan.

Do I need to make a down payment?

Yes, 20-25% of the money is expected to be paid by you as a down payment for the loan. This can be paid from your savings and/or investments; or you can opt for a personal loan, pledging your investments; or take a loan against your insurance policy, etc.

How long does it take to get my housing loan application processed and the loan sanctioned?

The entire process could take anywhere between two to four weeks. It takes around a week or two for processing a home loan application if all the necessary documents are in order.

Additionally, it may take a week or two for the bank to inspect the property papers and make the disbursement. The faster you complete documentation, the faster your application moves.

What security/collateral do I have to provide?

Security can be provided in the form of a guarantee, which requires references from one or two people known to you. Banks could also request your long-term investments to be provided as security; these can include any of the following – life insurance policies, shares/ units or any other security deemed fit by the bank.

What are the documents required at the time of housing loan application?

Every bank has its own set of mandatory documents to process the loan but this is a generic list:

Identity proof – passport/ PAN card/ driver's license, etc. Proof of residence – passport/ ration card/ property documents/ registered rent agreements, etc. (These should preferably be in your name or that of your father or spouse.) Age proof Processing fee cheque Property documents

Property Documents:

For a new home loan in approved projects:

Copy of the allotment letter/ buyer agreement Receipt(s) of payment(s) made to the developer

For a loan for a resale home:

Draft copy of sale agreement (in case of purchase transaction) Property sale agreement along with entire previous chain of sale agreements Receipt/(s) of initial payment/(s) made to the seller Share certificate, occupancy certificate / approved plan copy

For balance transfer:

A letter on the letterhead of the existing lender, stating the list of property documents held by them Latest outstanding balance letter from your existing financial institution on their letter head Photocopy of the property documents (including Own Contribution Proof)

Loan for constructing your own home:

Title deeds of the plot Proof of no encumbrances on the property Copy of the plans, approved by the local authorities Construction estimate by an architect/ civil engineer

Additional documents as per customer segment:

Salaried: Salary slips for the last 3 months Form number 16 Employment stability proof

Self-employed professional Education qualification certificate Business stability proof / ownership proof Last 3 years’ Income Tax Returns with computation of income Last 3 years’ CA-certified/ audited balance sheet and profit & loss account

Self-employed non professional Last 3 years’ Income Tax Returns with computation of Income Education qualification certificate. Last 3 years’ CA-certified/ audited balance sheet and profit and loss account Business stability proof / ownership proof

And at the disbursal stage (for property already located), you need to submit the following: Allotment letters Photocopies of title deeds Encumbrance certificate Agreement to sell

For self-construction: o Approved plans and clearance certificates along with estimates

Do I need to take an insurance for my property?

Yes, you will have to insure the property against fire and other hazards, as required by the bank during the loan tenure.

Can I avail loan to buy a property in other city?

Yes. Banks provide loan to purchase property in other cities after validating the property documents.

Are there any additional charges to be kept in mind while purchasing a house?

Yes – transfer, registration and stamp duty charges. These are over and above the cost of the home.

Other charges could include booking fee or processing charges, which are usually paid to the lender when a loan is applied for. This could either be a fixed amount or it could be an amount that is a percentage of the loan amount. Pre-payment penalty is applied if the loan has been paid back in full before the end of the duration that was previously agreed upon. A few lenders may also include consultant fees, documentation charges, etc.

Can I avail home extension or improvement loan?

Yes. You can also avail of a bridge or home construction or land purchase loan.

What is Balance Transfer?

A balance transfer can be availed to transfer an existing loan to a new lender at an attractive rate of interest.

What is the difference between fixed and floating interest rates?

When you avail for loan at a fixed interest rate, it will remain the same throughout the tenure, irrespective of market performance.

With a floating interest rate, market fluctuations will determine increase or decrease of interest rates. In most cases, home loans will be offered at a fixed interest rate.

What is an amortization schedule?

An amortization schedule gives the break-up of your EMI towards repayment interest and outstanding principle of your loan.

How do I pay my monthly EMI?

For monthly payments, banks may request for an Electronic Clearing System (ECS) form to be signed by you linking your salary or operational account. Besides ECS, at the time of applying for the loan, banks may ask you to submit post-dated cheques. Do clarify your ECS debit date with the bank so you can ensure sufficient balance for payment clearance.

Will I be charged by Rubique for services offered?

No. The service offered by Rubique are completely free of charge.

After I submit my application to Rubique, what next?

Once your application has been electronically processed and received, it will be securely sent to the Financial Institution of your choice. You will soon be contacted by the lender directly for further process.

How do I apply for a housing loan?

Rubique offers home loan solutions from several banks and non-banking financial institutes. You can, not only compare, but also get an instant approval for your home loan application through our online integration with the bank’s system. You can browse, compare and apply for loan from here.

Can I pre-pay my home loan?

You can pre-pay your loan, however a pre-payment charge maybe levied. This can be anywhere between 2-5%.

What happens if I default on an ECS payment?

Firstly, you will be levied a fee for late payment. Secondly, all your loan transactions are collected by Credit Information Bureau of India Ltd. (CIBIL). Defaulting on a loan will show up poorly on your credit history and could pose a problem when applying for a loan in the future.

What is Credit history?

It basically records your repayment of past loans and credit card bills. The Credit Bureau of India Limited (CIBIL) maintains credit history and it is important that you have a good credit score with CIBIL if you wish to avail a loan in a hassle-free manner.

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