At CapinoWealth Pune, we offer a diverse range of secured loans designed to empower your financial journey. Whether it’s turning the key to your dream home with a secure Home Loan, hitting the road in style with a Car Loan, or unlocking the value of your assets through a Gold Loan – our financial solutions are crafted to meet your unique needs. Explore the benefits of Non-Residency Purchase Loans, efficient Balance Transfers, and Mortgage Loans, each backed by the security and reliability you can trust. Your financial aspirations are within reach with CapinoWealth in Pune.
- Tax Advantages - Home loans, widely regarded as the most effective tax-saving tool, enable you to save significantly. Sections 24, 80C, and 80EEA of the Income Tax Act allow you to claim a tax deduction of up to INR 5 lakhs.
- Repay according to your financial situation - Home loans are quite adaptable. You can choose a repayment term of up to 30 years, putting monthly payments well within your means. You can choose an EMI and pay off the loan based on your budget.
- Asset Development - Your home is an asset that can provide you with the greatest return on investment. This asset’s worth will not decline due to depreciation, unlike an automobile.
Documents Required
- Loan application form.
- Identify proof
- Residence proof
- Form 16 from your employer
- Latest Salary slips
- Last six months bank statements of your salary account
- Employment Documents
- Property purchase documents or documents to prove ownership of the property.
- NOC from the property developer or housing society
- Registration certificate
- Stamp duty papers and payment receipt
Features and Benefits
- Under the Income Tax Act of 1961, you can reduce your taxable income by deducting loan principal and mortgage loan interest (within limits), resulting in lower taxes.
- Business owners can deduct the entire loan amount from taxes when using a second mortgage for business purposes, promoting business growth.
- Mortgage loans benefit both borrowers and lenders. Banks have minimal risk because they secure the loan with your property. If the lender can’t make the payment on time, there may be a penalty applied to the overdue amount. As long as you meet repayments, you keep property ownership.
- Choose from various interest rate options, like floating rates, fixed rates, and interest-only mortgages.
- You can use different types of properties as collateral, including under-construction, fully constructed, residential, or commercial.
- Mortgage loans provide a cost-effective way to borrow money, offering smaller monthly payments due to longer repayment durations.
Features and Benefits
Documents Required
- Loan application form.
- Identity Proof - Voter ID, Aadhaar Card, Valid Passport, Valid Driving License, Job card issued by NREGA
- Address Proof - Ration Card, Aadhaar Caard, Valid Passport, Valid Driving License, Electricity Bill.
- Salary slips for the latest three months
- A copy of the for last 3 years Form 16
- Bank statements for the previous six months reflecting salary obtained and current repayments
- Proof of ownership – Original Property title deed of the property Offered as security. Other property documents such as
- Latest maintenance, Water Tax, Municipal Tax and any other such taxes paid receipt.
- Non-encumbrance letter from Co-op Society (wherever applicable).
- Permission to create Equitable Mortgage from society / Development Authorities. (wherever applicable)
- Low or zero interest rate: This helps to reduce your pay balance and save money.
- Transfer Fee: A fee might be charged when you initiate a request for the same. This is generally the percentage of the amount you want to transfer.
- Credit Limit: The credit limit on the new card may place a cap on how much you can transfer. Moreover, transferring balances from the same bank or issuer might not be possible.
- Lower interest rates that are friendly to your pockets.
- Improves your credit scores, reducing your credit utilisation.
Features and Benefits
Documents Required
- Loan application form.
- Proof of identity: Passport/Voter's ID/Aadhaar/Driving licence/PAN/MNREGA job card
- Address Proof - Ration Card, Aadhaar Caard, Valid Passport, Valid Driving License, Electricity Bill.
- Income Tax Returns along with computation of income for the last 3 Assessment Years
- Last 3 years' Balance Sheet and Profit & Loss Account Statements, with Annexures/Schedules
- Last 6 months' Current Account Statements of the business entity
- Last 6 months' Savings Account Statements of the individual
- Longer tenure of repayment - A non residential property loan lets you choose a repayment schedule of 15 to 20 years. With these elongated repayment schedules, you get affordable EMIs and a streamlined repayment schedule.
- Quick approval of loan - The process of getting approvals for loans is relatively easier as compared to other unsecured loans. The mortgage on the property ensures security to the lenders, hence the quick approval process.
- Non residential property loan Tax benefits - If you are using the loan amount for business purposes, you are eligible for certain non residential property loan tax benefits on the interest and processing fees. You may also get a tax deduction if you buy a residential property with the loan amount.
- Maintenance of Property - Although the property serves as a mortgage with the bank, you still get to use it for non residential purposes or business purposes. This also helps to maintain the property continuously.
- Lower interest rate - Non residential property loan interest rates are relatively lower compared to other lending products. Since the banks have the legal right to the property during the loan tenure and the risk factor is low, non residential property loan interest rates are kept lower.
Documents Required
- Loan application form.
- Proof of identity: Passport/Voter's ID/Aadhaar/Driving licence/PAN/MNREGA job card
- Address Proof - Ration Card, Aadhaar Caard, Valid Passport, Valid Driving License, Electricity Bill.
- Income Tax Returns along with computation of income for the last 3 Assessment Years
- Last 3 years' Balance Sheet and Profit & Loss Account Statements, with Annexures/Schedules
- Last 6 months' Current Account Statements of the business entity
- Last 6 months' Savings Account Statements of the individual
Features and Benefits
- Get financing for purchasing new and used cars.
- The financing can go up to 85%-90% of the on-road price of the car. Some banks offer up to 100% financing on the vehicle’s on-road price to certain conditions.
- The loan tenure can range from one year up to seven years.
- The loan amount can be up to three times the annual income of the applicant.
- Some lenders offer instant financing facilities for cars.
- You may get additional discounts and offers if you choose to purchase a car from the dealer or manufacturer the bank has a tie-up with.
- The car purchased through financing will be held as collateral until the loan is repaid.
- The repayment structure most commonly followed for a car loan is equated monthly instalments (EMI).
Documents Required
- Loan application form.
- Identity Proof
- Address Proof
- Age Proof
- Income Proof
- Bank Statement (3 to 6 months)
- Signature Verification Proof
- Proforma Invoice
Features and Benefits
Features and Benefits
- Source of working capital financing - A cash credit is an important source of working capital financing, as the company need not worry about liquidity issues.
- Easy arrangement - It can be easily arranged by a bank, provided that collateral security is available to be pledged and the realizable value of such is easily determined.
- Flexibility- Withdrawals on a cash credit account can be made many times, up to the borrowing limit, and deposits of excess cash into the account lower the burden of interest that a company faces.
- Tax-deductible - Interest payments made are tax-deductible and, thus, reduce the overall tax burden on the company.
- Interest charged - A cash credit reduces the financing cost of the borrower, as the interest charged is only on the utilized amount or minimum commitment charge.
Documents Required
- Loan application form.
- Identity Proof - Voter ID, Aadhaar Card, Valid Passport, Valid Driving License, Job card issued by NREGA
- Address Proof - Ration Card, Aadhaar Caard, Valid Passport, Valid Driving License, Electricity Bill.
Secured Loans
Features and Benefits
- Flexible Use - Personal loan companies rarely make you decide how you’ll use the money ahead of time. This means the list of purposes for a personal loan is nearly endless, and you can even apply for funding if you’re undecided on how you’ll use the cash.
- One Lump Sum - Unlike lines of credit and credit cards, personal loans give you a lump sum of money up front that you can use however you want.
- Fast Funding - Some personal loan Some personal loan companies provide funding as soon as the day you apply, whereas others will transfer your loan funds to your bank account within a few business days at most.
- Help Build Your Credit Score - While you’ll get While you’ll get a hard inquiry placed on your credit reports when you apply for a personal loan, using the loan responsibly can help build your credit score thereafter.
- Higher Borrowing Limit than a Credit Card - Credit cards may limit you to a percentage of your total credit limit. Typical percentages range from 5% to 50%. 6 Cash advances on a credit card also come with an additional fee and tend to incur a higher interest rate than purchases made using the same card.
Documents Required
- Loan application form.
- Identify proof
- Residence proof
- Form 16 from your employer
- Latest Salary slips
- Last six months bank statements of your salary account
- Employment Documents
- Property purchase documents or documents to prove ownership of the property.
- NOC from the property developer or housing society
- Registration certificate
- Stamp duty papers and payment receipt
- Tax Benefits: Tax deductions are frequently available for interest paid on company loans. Before you apply for a business loan, verify your business loan eligibility and the maximum interest rate.
- Working capital support: If you have a liquidity problem, using the money from the company loan to improve your working capital might be quite beneficial. Without using money from the emergency reserve, you can maintain everyday operations and pay short-term expenses.
- Multiple options: To accommodate varied business demands, most lenders will offer a variety of business loan programs. They might provide business loans, term loans, loans for machines, etc.
- Fast disbursal: Business loans are frequently issued swiftly and with few paperwork requirements, allowing a company to continue operating and pursuing its growth objectives without interruption.
- No collateral requirement: If you meet the requirements, business loans are sometimes issued without requiring any security. Business loans are a particularly appealing alternative for small enterprises that may not have many assets because they are unsecured.
- Better credit rating: The creditworthiness of the company can also be enhanced by taking out a business loan. To raise your credit score, you will need to pay your bills on time and repay the loan before the agreed-upon deadline. This will enable you to obtain additional funding in the future at reduced APRs for business loans.
- No loss of equity: If you bring in an investor, they'll demand a cut of the revenue your company generates. With a business loan, such is not the situation. In this situation, you repay the lender a certain amount; hence, the principal and interest amounts are constant regardless of how well your firm performs as a result of the financial assistance.
- Variable tenures: The loan's duration is a choice that is available to you. You can take out a loan for a year if you need a short-term business loan to cover working capital costs. You can take out a loan for a longer term, like, say, four years, if you wish to use it to expand your firm.
Documents Required
- Loan application form.
- Identity Proof
- Address Proof
- Age Proof
- Income Proof
- Bank Statement (3 to 6 months)
- Signature Verification Proof
- Proforma Invoice
Features and Benefits
Un-Secured Loans
