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Tag: Loan

  • JK Bank Laptop/ PC Finance Loan Scheme Check Eligibility

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    8FE7849C B144 4498 8FF8 2D1476C6FAB6

    NATURE OF FACILITY

    • TERM LOAN.

    PURPOSE

    • To provide finance for purchase of Laptop/ PCs / Netbooks / Tablets.

    ELIGIBILITY

    • Permanent Employees, Contractual employees, Professionals, Self-employed Individuals, Proprietorship concerns, Teachers under Rehaber-a-Taleem J&K Govt., Officials under Rehaber-a Zeerat , J&K Govt.,  Pensioners drawing their monthly pension through our bank.
    • Employees of Private Limited Companies, Private Organizations, Reputed Establishments.
    • Regular students of recognized schools, colleges & universities.
    • Regular teachers of recognized private schools (must be permanent residents of Union Territories of J&K and Ladakh).

    AGE OF THE APPLICANT

    • Minimum age: 18 years.
    • Maximum age at loan maturity: For employees Date of retirement or 60 Years whichever is earlier.
    • For others: 70 years.

    QUANTUM OF FINANCE

    • Maximum of Rs.1,50,000/=.

    MARGIN

    • 10%.

    SECURITY

    PRIMARY:

    • NIL for loans up to Rs. 50000/-
    • Hypothecation of Laptop/PC/Netbook/ be purchased, if loan amount is above Rs. 50,000.00

    COLLATERAL:

    • Nil for:
      • Government employees drawing salary through our Branches & where letter of confirmation is available.
      • Platinum / Gold / Premium plus Current account holders, having maintained satisfactory accounts for at least last 6 months.
      • Cash Credit / SOD account holders having a sanctioned limit above Rs 5 lacs and minimum average utilization percentage above 60% from at least 6 months prior to this facility.
      • Customers having Fixed Deposit accounts of value more than Rs. 5 Lakh in the Business unit sanctioning the facility. The deposit should be more than 3 months old at the time of disbursement of the loan.
    • Third Party Guarantee of one person for all other categories.

     

    PROCESSING CHARGES

    • NIL

    RATE OF INTEREST (SUBJECT TO CHANGE)

    • 3 year MCLR plus 2.50%, fixed.
    • Click here for rate of Interest

    REPAYMENT

    • 12 to 48 months in equated monthly installments.
    • No Pre-payment Charges

    MORATORIUM PERIOD

    • Nil

    8FE7849C B144 4498 8FF8 2D1476C6FAB6

    The post JK Bank Laptop/ PC Finance Loan Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.

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    ( With inputs from : kashmirpublication.in )

  • Gautam Adani to take $10B loan to stay in World’s richest people list

    Gautam Adani to take $10B loan to stay in World’s richest people list

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    Adani Group chairman Gautam Adani, who stood at the 10th spot on the Forbes Real-time billionaire list for 2023 has now slipped out of the world’s top ten richest persons. Soon after Hindenburg Research report, Adani group witnessed massive decline in their share prices and Gautam Adani too lost over $10 B of net worth. Now there are no Indians in the list of world’s top ten richest people.

     

    To ensure that the world’s top ten richest list has at least an Indian, the Adani Group has decided to take $10B loan from the government. The government is likely to approve the loan. The governments decision to approve the loan was taken after Adani Group covered itself in Nationalism when Hindenburg research accused Adani group of being engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades.

     

    Sources suggest that Adani group is also likely to start a fund raise activity where every citizen can donate to make an Indian the world’s richest man. “During the global recession, India is a bright spot, the world is looking at us with a hope and we must not disappoint the world with not having any Indian in the world’s richest people list” said an economic expert.

     

     

     

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    [ Disclaimer: With inputs from The Fauxy, an entertainment portal. The content is purely for entertainment purpose and readers are advised not to confuse the articles as genuine and true, these Articles are Fictitious meant only for entertainment purposes. ]

  • Golden Chance to Take Loan on Zero Interest! Govt Scheme Offers Loan Without Guarantee – Kashmir News

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    PM SVANidhi Yojana offers Loan on zero interest and without guarantee: Check Scheme, Portal, in hindi, 20000 loan, bank login, full form, upsc, and other details

    The government provides a number of welfare Schemes to help the economically poor people in the society. One of these is PM SVANidhi Yojana. Under this scheme One can get up to Rs 50,000 as financial assistance from the central government.  Beneficiaries may increase their loan amount if they repay the loan on time.

    Prime Minister Street Vendor’s AtmaNirbhar Nidhi is known as PM SVANidh. A  central sector programme was launched In June 2020.  It aims to provide micro-credit facilities to street vendors who have been affected by the COVID-19 pandemic.

    This programme will continue until December 2024. In addition to the first and second loans, which have values of Rs 10,000 and Rs 20,000, respectively.  The government has also introduced a third credit of upto Rs 50,000.

    Important Facts about PM SVANidhi for UPSC

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    Full-Form of PM SVANidhiPrime Minister Street Vendor’s Atmanirbhar Nidhi
    Launch Date1st June 2020
    Under which government ministry?Ministry of Housing and Urban Affairs (MoHUA)
    Target Beneficiary
    • Street Vendors or hawkers in urban areas
    • Street Vendors of peri-urban areas
    • Street Vendors of Rural areas
    Mandatory Documents to Access Benefits
    • Applicants need to have the following documents.
    • Aadhar Card – Voter I Card – Copies of the ration cards
    •  A copy of the bank account book
    • A passport-size photograph
    Tenure of the schemeJune 2020 – December- 2024
    Direct Link to avail the benefits under the PM SVANidhihttps://pmsvanidhi.mohua.gov.in/

    Benefits of the PM SVANidhi Scheme –

    • Beneficiaries might receive up to a 7% subsidy. On timely loan repayment,
    • The government may grant you further loans. If you repay your loans on time.
    • The amount of your loan may be doubled.

    Documents required to apply for a loan under the PM SVANidhi Yojana

    • Applicants need to have the following documents.
    • Aadhar Card – Voter I Card – Copies of the ration cards
    •  A copy of the bank account book
    • A passport-size photograph

    How to apply for a loan in detail

    CLICK ON THE BELOW PROVIDED LINKS TO FOLLOW KASHMIR NEWS ON: 

    OUR APPLICATION IS ALSO LIVE ON GOOGLE PLAY STORE, DOWNLOAD MOBILE APPLICATION

     


    Post Views: 148

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    ( With inputs from : kashmirnews.in )

  • JK Bank Personal Consumption Loan Scheme Check Eligibility

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    8FE7849C B144 4498 8FF8 2D1476C6FAB6

    NATURE OF FACILITY

    • Term Loan.

    PURPOSE

    • For any Personal need.

    SCALE OF FINANCE

    • Minimum: Rs. 50000.00
      Maximum: For permanent employees of Govt, PSUs, Institutions and Autonomous Bodies of Govt maintaining salary account with J&K Bank: 42 X Monthly Gross Salary
      For employees of Govt not maintaining salary account with J&K Bank: 24 X Monthly Gross Salary or Rs 15.00 lacs, whichever is lower.
      For employees of other reputed institutions/ Corporate Houses maintaining salary account with J&K Bank: 30 X Monthly Gross Salary or Rs 25.00 lacs, whichever is lower

    ELIGIBILITY

    1. Permanent Employees of
      • Government (State/Central/ Union Territories).
      • Public Sector Undertakings,
      • Autonomous Bodies & Institutions of Government
      • Govt. Employees (J&K and Ladakh only) recruited under SRO 202 with minimum service of 18 months. Note: Employees of State Govt/Central Govt/ UT Govt, PSUs, Autonomous Bodies & Institutions of Government not maintaining salary account with J&K Bank shall also be eligible.
    2. Permanent Employees of Reputed Institutions banking with J&K Bank. Only those regular/ permanent employees shall be eligible who are maintaining their salary accounts with J&K Bank and/or will shift existing salary accounts to J&K Bank with at least one salary received in that account.
    3. Permanent Employees of Corporate Houses banking with J&K Bank. Only those regular/ permanent employees shall be eligible who are maintaining their salary accounts with J&K Bank and/or will shift existing salary accounts to J&K Bank with at least one salary received in that account provided:
      1. These corporate houses have a minimum business of Rs 5.00 crore (Advances+ Deposits) with the branch/bank.
      2. Concerned Zonal offices will identify such corporate houses and permit the respective branches under their jurisdiction to grant personal consumption Loans to their regular employees.
      3. For branches operating outside J&K and Ladakh UTs, such loans shall be granted only to those regular employees of corporate customers who are permanent residents of periphery of the branch, otherwise such loans shall be additionally guaranteed by the employer.

    SECURITY

    • For permanent employees of Govt, PSUs, Institutions and Autonomous Bodies of Govt maintaining salary account with J&K Bank:
      • NIL
    • For all Others:
      • 3 rd party Guarantee of Two persons having individual net worth of at least 200% of loan amount

    MARGIN

    • NIL

    RATE OF INTEREST (SUBJECT TO CHANGE)

    • Employees maintaining salary account with the bank: MCLR 3Y+3.00%
    • Employees not maintaining salary account with the bank: MCLR 3Y+4.00%

    Click here for rate of Interest

    REPAYMENT PERIOD

    • The maximum repayment period shall be 120 months with the repayment commencing next month of disbursement.
    • Important to note that repayment is to be fixed in such a way that loan shall be fully adjusted by or before employee retires from active service.

    PROCESSING CHARGES

    • NIL

    8FE7849C B144 4498 8FF8 2D1476C6FAB6

    The post JK Bank Personal Consumption Loan Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.

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    ( With inputs from : kashmirpublication.in )

  • JK Bank Loan Scheme For The Purchase of New Cars

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    To provide finance for purchase of new cars/vans/jeep/SUV/MUV, fuel operated as well as electric cars, for Private Use only at:

    “Ex-Showroom” Prices

    OR

    “On Road Prices” wherever opted by Borrower(s) shall mean Ex-Showroom Prices plus:

    • One Time Registration Charges
    • First Insurance Premium
    • Cost of Accessories (should be limited to 10% of Ex-Showroom Price).

     

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    ( With inputs from : kashmirpublication.in )

  • Hyderabad: Cyberabad police 3 for loan fraud, cheating public

    Hyderabad: Cyberabad police 3 for loan fraud, cheating public

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    Hyderabad: The Cyberabad police’s cybercrime cell apprehended a gang involved in loan frauds. The accused would source bank accounts and SIM Cards on mule identities in Telangana and other states. The gang comprises call center operators, tele callers and suppliers of bank accounts, ATM cards and SIM cards.

    According to the Cyberabad police, the arrested persons are Subash Kumar, Shreekant Kumar and Amit.  

    One of the common methods used by these people is that they put online advertisements for quick loan disbursals using the names of trusted organizations such as Bajaj Finance and mention their contact numbers in the advertisement.

    “When somebody clicks on the advertisement or its link, they send them a message or sometimes people call the fraudster’s number given in the advertisement. In the guise of providing a loan, the fraudsters take money from victims on various pretexts like Loan insurance fee, loan agreement charge, GST, Loan processing fee etc.,” said Stephen Raveendra, Cyberabad police commissioner.

    He added that people pay up the amount because they think that by paying money, they will get the loans. The money received from victims is taken into mule bank accounts sourced by fraudsters. Later, all payments made by victims are transferred multiple times through various accounts to prevent detection and finally withdrawn, said the officer.

    The accused sourced and sold more than 675 mule bank accounts and 725 mule SIM cards and committed fraud.

    The Cyberabad police seized 17 debit cards of different banks, three bank pass books, four  smartphones and fake loan offer and confirmation letters

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    ( With inputs from www.siasat.com )

  • J$K Grameen Bank Loan Scheme for Used/Second Hand cars

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    Rubique Carloan 3 653x435 1


    PURPOSE:

    The finance under this scheme shall be available for purchase of an old car / jeep (not more than 5 years old) for personal use.

    Eligibility:

    i) Permanent employees of State/ Central Government, Semi-Government Undertakings, Autonomous bodies, Public Sector Undertakings, Private Companies or reputed establishments.
    ii) Businessmen, Professionals and self employed individuals.
    iii) Persons engaged in agriculture and allied activities.
    iv) Net annual income of Rs.1.00 lacs and above.

    Age Criteria:

     

    Salaried ClassThe applicant should be atleast 21 years old at the time of applicant and below 58 years of age at the time of maturity of the loan.
    * For Institutions, where retirement age is is 60 years, the upper age limit shall be 60 years.
    For othersAbove 21 years at the time of application but below 65 at the time of the loan’s maturity

     

    Maximum Loan Amount:

    i) 2.5 times of the net annual income or 15 lacs, whichever is lower. If married, the spouse’s income can also be considered provided the spouse guarantees the loan. Loan amount for used vehicles shall be subject to a maximum limit of 15 lacs.
    ii) The number of vehicles to be sanctioned to a single borrower under Car Finance (Used) at any point of time should not exceed more than 2 vehicles subject to maximum prescribed limit of 15.00 lacs.



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    Margin:

    i) 25% for vehicles having age less than 3 years.
    ii) 30% for vehicles having age of 3 years and above up to 5 years.

    Repayment period:

    i) Maximum repayment period of 72 months for vehicles having age less than 3 years.
    ii) Maximum repayment period of 48 months for vehicles having age of 3 years & above to 5 years.

    Security:

    i) Primary: Hypothecation of vehicle to be purchased.
    ii) Collateral: Third Party Guarantee of two persons having sound financial net means good for the loan amount.

    Processing Charges:

    0.50% of the Loan Amount

    * Conditions Apply

    Rubique Carloan 3 653x435 1

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    ( With inputs from : kashmirpublication.in )

  • JK Bank Consumer Loan Check Eligibility and Rate of Interest

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    • Permanent Employees of State / Central Government, Government / Semi-Government Undertakings & Autonomous Bodies.
    • Employees on contractual basis with Central/State Govt, Government/Semi-Government Undertakings& Autonomous bodies shall be eligible, if they have been in current contractual job for a period not less than I year and the remaining contract period is longer than the chosen repayment period.
    • Teachers under Rehaber-a-Taleem, J&K Govt.
    • Officials under Rehaber-a Zeerat, J&K Govt.
    • Pensioners both State/Central drawing their monthly salaries/pension through our bank.
    • Employees of Private Limited Companies, Private Organizations, Reputed Establishments having a minimum 1 year relationship with our bank (Assets or liabilities).
    • Professionals, self-employed individuals (Businessmen included) & Proprietorship Concerns, having a minimum 1 year relationship with our bank (Assets or liabilities)
    • Finance under this Scheme shall also be provided to regular teachers of recognized private schools (must be permanent residents of Union Territories of J&K and Ladakh).

    NOTE:Employees on Adhoc basis shall not be eligible.

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    ( With inputs from : kashmirpublication.in )

  • Learn How to Apply for Instant Personal Loan Online

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    Personal Loans are used for many things, including a medical bill, debt consolidation, purchase of a new appliance, vacation, education and more. After borrowing a personal loan, you need to repay the money in EMIs, including the applied interest. Most Personal Loan schemes are unsecured, meaning they do not require any collateral, guarantor, or security for backup.

    As far as applying for a Personal Loan online is concerned, aspiring borrowers have two options: the financial institution’s website or mobile app.

    You can generally apply for a loan by providing basic personal and income details. The lenders will consider – age, income, employment, credit score, and outstanding debts to assess your eligibility and interest rate. This article will teach you a few crucial steps to get Personal Loan quick approval.

    Calculate Personal Loan Eligibility

    Qualifying for a Personal Loan involves several steps – and the first one is to ensure that it’s the right loan plan for you. For instance, if you want to borrow money to renovate your house, the loan should be enough to cover the renovation cost.

    Although moneylenders determine the loan amount based on – income, credit history, and repayment capacity, be sure to compare loan schemes and get the best offer.

    You can calculate Personal Loan eligibility using an eligibility calculator and apply for an appropriate loan plan.

    Things to Consider Before Personal Loan Application

    Before shopping around for the best Personal Loan offers, here are a few essential things to consider:

    • Eligibility: Various loan companies like Fullerton India have different eligibility conditions that you need to fulfill to qualify. These include – age, income, employment and credit rating. Check the particular NBFC’s eligibility criteria and ensure fulfilling them before applying to get Personal Loan quick approval.
    • Documentation Requirements: Eligible applicants must provide a few necessary documents to support their details. These include – address, income, and identity proof. Check the required documents’ availability before applying to accelerate the loan process.
    • Interest Rate: The interest rate is a crucial parameter that significantly affects your EMI and total loan cost. The higher the interest rate, the costlier the loan will be. Aspiring borrowers with a good income and decent credit score have higher chances of getting the lowest interest rate on Personal Loans.
    • Repayment Capacity: Decide on a loan amount you can easily repay within the loan tenure. An individual’s repayment capacity depends on income and financial obligations. Use Fullerton India’s eligibility calculator to calculate Personal Loan eligibility and apply for an adequate loan amount.
    • Loan EMIs: Use a Personal Loan EMI calculator to calculate the monthly EMI amount for the loan. Ideally, the loan EMI should not consume more than 65% of the applicant’s monthly income. You can easily adjust it into your monthly budget without straining your finances.

    Fulfill the Documentation Requirements

    Each NBFC has different documentation requirements for Personal Loan applications. These often include the following:

    • Identity proof, like an Aadhaar card, voter ID, passport, and driving license
    • Address proof, like an Aadhaar card, voter ID, passport, driving license, rent agreement, ration card, and utility bill
    • Income proof, like bank statements, salary slips, ITR, Form 16, etc.

    Decide on the Loan Amount

    Remember that when an individual borrows money, they don’t just repay the principal amount. They also pay interest on the money they borrowed. Paying interest on loan amount that you do not use makes no sense.

    However, if you get a lower loan amount than required, eventually, you would seek other expensive funding sources at the last minute. Therefore, the loan amount should be sufficient to cover the intended expense but not more than your repayment capacity.

    Check the Credit Score

    Personal Loan lenders rely heavily on the applicant’s creditworthiness. It is advised to check credit scores and obtain the latest credit reports before applying. As checking your credit score is a soft inquiry, it does not impact your credit score. If your score is between 750 and 900, the chances of getting quick approval at better interest rates are high.

    Complete the Application Process

    Visit the selected NBFCs website and fill out their online application form with personal and financial details. Scan and upload the necessary documents to complete the application process. Double-check the details before hitting the submit button and wait for the verification process to complete.

    Once the loan company verifies all details and documents, they send a loan offer with the proposed loan amount, interest rate, and loan tenure. When you accept the loan offer, they disburse it directly into your bank account shortly after approval.

    Those with excellent credit scores find Personal Loans a reasonably inexpensive way to cover their costs. A Personal Loan’s quick approval depends on the applicant’s creditworthiness, loan purpose, and repayment capacity. After approval and disbursal, borrowers must repay it in EMIs over a set term of up to 60 months.

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    ( With inputs from : kashmirlife.net )

  • J&K Bank Announces Personal Consumption Loan Scheme – Know Details – Kashmir News

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    Jammu And Kashmir Bank Personal Consumption Loan Scheme For permanent employees of Govt, PSUs, Institutions and Autonomous Bodies of Govt maintaining salary account with J&K Bank: 42 X Monthly Gross Salary. For employees of Govt not maintaining salary account with J&K Bank: 24 X Monthly Gross Salary or Rs 15.00 lacs, whichever is lower. For employees of other reputed institutions/ Corporate Houses maintaining salary account with J&K Bank: 30 X Monthly Gross Salary or Rs 25.00 lacs, whichever is lower.

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    • Minimum: Rs. 50000.00
      Maximum: For permanent employees of Govt, PSUs, Institutions and Autonomous Bodies of Govt maintaining salary account with J&K Bank: 42 X Monthly Gross Salary
      For employees of Govt not maintaining salary account with J&K Bank: 24 X Monthly Gross Salary or Rs 15.00 lacs, whichever is lower.
      For employees of other reputed institutions/ Corporate Houses maintaining salary account with J&K Bank: 30 X Monthly Gross Salary or Rs 25.00 lacs, whichever is lower
    1. Permanent Employees of
      • Government (State/Central/ Union Territories).
      • Public Sector Undertakings,
      • Autonomous Bodies & Institutions of Government
      • Govt. Employees (J&K and Ladakh only) recruited under SRO 202 with minimum service of 18 months. Note: Employees of State Govt/Central Govt/ UT Govt, PSUs, Autonomous Bodies & Institutions of Government not maintaining salary account with J&K Bank shall also be eligible.
    2. Permanent Employees of Reputed Institutions banking with J&K Bank. Only those regular/ permanent employees shall be eligible who are maintaining their salary accounts with J&K Bank and/or will shift existing salary accounts to J&K Bank with at least one salary received in that account.
    3. Permanent Employees of Corporate Houses banking with J&K Bank. Only those regular/ permanent employees shall be eligible who are maintaining their salary accounts with J&K Bank and/or will shift existing salary accounts to J&K Bank with at least one salary received in that account provided:
      1. These corporate houses have a minimum business of Rs 5.00 crore (Advances+ Deposits) with the branch/bank.
      2. Concerned Zonal offices will identify such corporate houses and permit the respective branches under their jurisdiction to grant personal consumption Loans to their regular employees.
      3. For branches operating outside J&K and Ladakh UTs, such loans shall be granted only to those regular employees of corporate customers who are permanent residents of periphery of the branch, otherwise such loans shall be additionally guaranteed by the employer.
    • For permanent employees of Govt, PSUs, Institutions and Autonomous Bodies of Govt maintaining salary account with J&K Bank:
    • For all Others:
      • 3 rd party Guarantee of Two persons having individual net worth of at least 200% of loan amount
    • Employees maintaining salary account with the bank: MCLR 3Y+3.00%
    • Employees not maintaining salary account with the bank: MCLR 3Y+4.00%

    Click here for rate of Interest

    • The maximum repayment period shall be 120 months with the repayment commencing next month of disbursement.
    • Important to note that repayment is to be fixed in such a way that loan shall be fully adjusted by or before employee retires from active service.
    CLICK ON THE BELOW PROVIDED LINKS TO FOLLOW KASHMIR NEWS ON: 

    OUR APPLICATION IS ALSO LIVE ON GOOGLE PLAY STORE, DOWNLOAD MOBILE APPLICATION


    Post Views: 2,311



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    ( With inputs from : kashmirnews.in )