General FAQs
Which all cities Moksha Finance is working?
Ans. Indore ( & nearby cities in 150 km radius), Bhopal , Mumbai, Pune, Ratlam etc.
Who can be the Co – applicant?
Ans. He/ she can be any blood relative like parents, brother, sister and also spouse can be co-applicant
Minimum balance required in bank statements?
Ans. It should be more than proposed EMI for example above Rs. 5000.
What are Govt. Schemes available on loans?
Ans. For Home loans Govt. provide PMAY scheme for subsidy upto Rs. 2.67 lakh to eligible borrowers.
For MSME loans for business, Govt. provide subsidy on capital investment of upto 40%, subject to approvals.
From which Banks we can avail loan?
Ans. It can be from Private banks, nationalized bank or a reputed NBFC
Home Loan FAQs
What will be the tenure and ROI range for Home Loan?
Ans. ROI – 6.9% to 8% & Tenure – 10yrs to 25 yrs. On affordable category small loans rate vary rom 9.5% to 12%
What will be the total expenses for availing a Home Loan?
Ans. Bank processing fee 0.25% to 0.50% and stamp duty 0.25% to 0.50% depending on lender institute.
What will be the interest rate in case of Home Loan Top-Up?
Ans. ROI – 7.25% to 8% around
If borrower has part property and mother deed is not available, can lender give him loan?
Ans. Very few lenders are there who can give loans in such case.
What will be the maximum funding that I can avail?
Ans. 90% of sale deed & 75% of the valuation which ever is lower.
In How many days will be loan disbursed?
Ans. If the file is completed & everything is inline with loan processing norms, then it can be disbursed within 15-20 days
Mortgage FAQs
What are reasons for which we can use LAP?
Ans. We can avail mortgage loan to fulfill any purpose but in few NBFC if customer endues of fund is to clear market debt than funding is restricted.
What will be the tenure and ROI for Mortgage Loan?
Ans. ROI – 9% to 12% & Tenure – 10yrs to 25 yrs
What will be the total expenses for availing Mortgage Loan?
Ans. Processing fee of around 0.5% to 1% and stamp duty charges of around 0.5%
Can we avail loan on notarized property?
Ans. NO
What will be the interest rate in case of Mortgage Loan Top-Up?
Ans. ROI - 9% to 12%
On which type of property mortgage loan can be availed ?
Ans. It can be Residential Property, Commercial Property, Industrial Property, Mixed used (RCO)
In How many days will be loan disbursed?
Ans. If the file is completed, loan processing can be disbursed within 15 to 20 days
Business Loan FAQs
What is ROI & Maximum tenure for BL?
Ans. ROI – 18% to 24% & Tenure – 5 yrs
Minimum Turnover required in BL?
On both rented premises, can lenders give BL?
Ans. At least one premise should be owned
In How many days will be loan disbursed.
Ans. If the file is completed & everything is ok as per loan processing norms, then it can be disbursed within 10 days
Personal Loan FAQs
To whom personal loan can be given & for how much salary?
Ans. Personal Loan can be given any salaried person who earns above 20, 000 in a month
What is the tenure and rate of interest range for Personal Loan?
Ans. ROI – 12% to 20% + & Tenure – 3 yrs
Personal Loan is not given to which client profile?
Ans. Police, Lawyer, person working in Bar or Bar holder, person dealing in flesh business.
In How many days will be loan disbursed?
Ans. If the file is completed & everything is ok as per loan processing norms, then it can be disbursed within 10 working days