Why Us |
About Us |
Contact Us
30,000+
people have joined us!
Start your journey with Choice connect and Grow your income
You can choose from a huge variety of home loans, i.e., if you want to purchase a new property, construct a new house, for home improvement or home extension. You can check the eligibility criteria and documents required to get a Home Loan below.
Home Loans can be acquired by Salaried Individuals, Self-Employed Professionals and Self-Employed Businesses who fulfil the below-mentioned criteria.
| Eligibility Criteria | Salaried Individual | Self-Employed (Professional) / Self-Employed (Business) |
|---|---|---|
| Minimum Earnings* |
|
|
| Interest Rate | 8.75% to 12% | 8.75% to 12% |
| Minimum CIBIL* Score | 650 | 650 |
| EMI - In case of existing loan | No EMI bounces within the last 6 months | No EMI bounces within the last 6 months |
| Loan Amount | 70% of the market value of a property or 80% of Agreement Value; whichever is lower | 70% of the market value of a property or 80% of Agreement Value; whichever is lower |
| Loan Tenure | 10 years to 30 years | 10 years to 30 years |
| Age | 23 to 60 years | 23 to 70 years |
| Salaried Individual | Self-Employed (Professional) | Self-Employed (Business) |
|---|---|---|
| KYC - PAN Card and Aadhaar Card | KYC - PAN Card and Aadhaar Card |
|
| Latest 3 Months Salary Slips | Educational qualification certificate | Educational qualification certificate |
| Business Stability Proof (Shop & establishment certificate / Trade license certificate / Factory registration certificate) | Business Stability Proof (Shop & establishment certificate / Trade license certificate / Factory registration certificate) | |
| Latest Form 16 or ITR | Ownership Proof (Residence/Office) | Ownership Proof (Residence/Office) |
| Appointment Letter / Increment Letter or Experience Letter from the previous job (in case of a new job) | Last 3 years - Income Tax Returns along with the computation of Income , CA Certified/Audited Balance Sheet and Profit & Loss Account with all Schedules / Annexures | Last 3 years - Income Tax Returns along with the computation of Income , CA Certified/Audited Balance Sheet and Profit & Loss Account with all Schedules / Annexures |
| Latest 6 months Bank Statements | 1 year Bank Statements of current account and saving account | 1 year Bank Statements of current account and saving account |
|
||
| All loan sanction letters (if any) | All loan sanction letters (If any) | All loan sanction letters (if any) |
Loan Against Property can be availed by mortgaging your self-owned residential or commercial property to obtain funds for your personal or business financial needs. You can check the eligibility criteria and documents required to get a Loan Against Property below.
Loan Against Property can be availed by Salaried Individuals, Self-Employed Professionals and Self-Employed Businesses.
| Eligibility Criteria | Salaried Individual | Self-Employed (Professional) / Self-Employed (Business) |
|---|---|---|
| Minimum Earnings* |
Net Monthly Salary - Metro cities : Rs.25000 Non-metro cities : Rs.18,000 Subject to bank approval deviations can be taken Metro cities : Rs.21,000 and Non-metro cities : Rs.15,000 |
|
| Interest Rate | 9.50% to 14% | 9.75% to 14% |
| Minimum CIBIL* Score | 650 | 650 |
| EMI - In case of existing loan | No EMI bounces within the last 6 months | No EMI bounces within the last 6 months |
| Loan Amount | 70% of the market value of a property or 80% of Agreement Value; whichever is lower | 70% of the market value of a property or 80% of Agreement Value; whichever is lower |
| Loan Tenure | 10 years to 15 years | 10 years to 15 years |
| Age | 21 to 60 years | 21 to 65 years |
| Salaried Individual | Self-Employed (Professional) / Self-Employed (Business) |
|---|---|
| KYC – PAN Card and Aadhaar Card of (Applicant & Co-Applicant) |
|
| Latest two Years Form 16 | Last 3 years - Income Tax Returns along with the computation of Income , CA Certified/Audited Balance Sheet and Profit & Loss Account with all Schedules / Annexures |
| Latest 6 months updated Bank Statement (Applicant & Co - Applicant ) | 1 year bank statement of current account and saving account |
| Appointment Letter / Increment Letter – If any |
|
| Last 3 Months Salary Slip | |
| Property documents of the concerned property to be pledged for the loan | Property documents of the concerned property to be pledged for the loan |
| Business Stability Proof (Shop & establishment certificate / Trade license certificate / Factory registration certificate) | |
| Sanction letters of existing loans (if any) | Sanction letters of existing loans (if any) |
A business loan can be availed by a businessperson with the intention of using it for expanding an existing business. This is an unsecured loan where no collateral is involved. You can check the eligibility criteria and the documents required to get a Business Loan below.
Business Loans can be availed by Self-Employed Professionals and Self-Employed Businesses.
| Eligibility Criteria | Salaried Individual | Self Employed Professional / Self Employed Business |
|---|---|---|
| Minimum Earnings* |
Net Profit per Annum : - Metro cities : Rs.2,50,000 - Non-Metro cities : Rs.1,50,000 |
Net Profit* per Annum : - Metro cities : Rs.2,50,000 - Non-Metro cities : Rs.1,50,000 |
| Interest Rate | 14% to 24% | 14% to 24% |
| Minimum CIBIL* Score | 700 | 700 |
| EMI - In case of existing loan | No EMI bounces within last 6 months | No EMI bounces within last 6 months |
| Loan Amount | For Professional :
Rs.1,00,000 – Rs.50,00,000 |
For Businessman :
Rs.50,000 – Rs.50,00,000 |
| Loan Tenure | 12 months - 36 months | 12 months - 36 months |
| Age | 23 to 60 years | 23 to 60 years |
| Self-Employed (Professional) | Self-Employed (Business) |
|---|---|
|
|
| Last 3 years - Income Tax Returns along with the computation of Income, CA Certified/Audited Balance Sheet and Profit & Loss Account with all Schedules / Annexures |
Last 3 years - Income Tax Returns along with the computation of Income, CA Certified/Audited Balance Sheet and Profit & Loss Account with all Schedules / Annexures |
| If audited then Audit report along with directors report, 3CB/3CD of latest 3 years | If audited then Audit report along with directors report, 3CB/3CD of latest 3 years |
| All bank statement of latest 1 Year | All bank statement of latest 1 Year |
|
|
| GST Registration Certificate | GST Registration Certificate |
| Ownership Proof (Residence/Office) | Ownership Proof (Residence/Office) |
| Business Stability Proof (Shop & establishment certificate / Trade license certificate / Factory registration certificate) | Business Stability Proof (Shop & establishment certificate / Trade license certificate / Factory registration certificate) |
A personal loan is a short-term unsecured loan to meet current financial needs such as vacations, unexpected medical expenses, festival celebrations, renovation, etc. You can check the eligibility criteria and the documents required to get Personal Loan below.
Personal Loans can be availed by Salaried Individuals and Self-Employed Professionals.
| Eligibility Criteria | Salaried Individual | Self-Employed (Professional) / Self-Employed (Business) |
|---|---|---|
| Minimum Earnings* |
Net Monthly Salary : - Metro cities : Rs.25,000 - Non-metro cities : Rs.18,000 Subject to bank approval deviations can be taken : - Metro cities : Rs.21,000 - Non-metro cities : Rs.15,000 |
Minimum Net Profit* per annum: - Metro cities : Rs.2,50,000 - Non-Metro cities : Rs.1,50,000 |
| Company / Profession Type | Company type should be either Private Limited or Public Limited | Profession Type: Doctor, Engineers, CA’s, etc. |
| Interest Rate | Varies as per bank norms | Varies as per bank norms |
| Minimum CIBIL* Score | 700 | 700 |
| EMI - In case of existing loan | No EMI bounces within last 6 months | No EMI bounces within last 6 months |
| Loan Amount | Rs.50,000 to Rs.25,00,000 | Rs.50,000 to Rs.12,00,000 |
| Loan Tenure | 12 months to 60 months | 12 months to 60 months |
| Salaried Individual | Self-Employed (Professionals) |
|---|---|
| Latest 3 months salary slip | Business Stability Proof (Shop & establishment certificate / Trade license certificate / Factory registration certificate) |
| Form No: 16 or ITR | Ownership Proof (Residence/Office) |
| KYC (PAN Card and Aadhaar Card) | KYC (PAN Card and Aadhaar Card) |
| All bank statements of latest 1 Year | All bank statements of latest 1 Year |
| Appointment Letter / Increment Letter or Experience Letter from the previous job (in case of a new job) |
Last 3 years - Income Tax Returns along with the computation of Income , CA Certified/Audited Balance Sheet and Profit & Loss Account with all Schedules / Annexures |
| Last 6 months Bank Statement | Latest 12 months Bank Statement |
| Office Address Proof |
Choice Retail Solutions Private Limited, Sunil Patodia Tower, J.B. Nagar, Andheri (East), Mumbai 400099.
+91- 8124242424
support@choiceconnect.in
30,000+
people have joined us!
Start your journey with Choice connect and Grow your income
