Question 1

What does 'लोन नहीं तो कोई फीस नहीं' really mean?

Accepted Answer

It is our steadfast commitment that Loan Samadhan charges zero consultation or service fee upfront. You only pay for legitimate third-party statutory fees (such as official bank processing or stamp duty levied directly by banks). If your loan is not sanctioned and disbursed to your satisfaction, our consultation is 100% free.

Question 2

Why should I apply through Loan Samadhan instead of going directly to a single bank?

Accepted Answer

When you visit a single bank, you are limited to their rigid credit policies and single interest rate. If they decline, your CIBIL score takes a hit. At Loan Samadhan, we evaluate your profile against 25+ banks and NBFCs simultaneously, negotiate pre-approved corporate rates, and submit your application only where approval chances are highest.

Question 3

What is the minimum CIBIL score required for a Home Loan in Udaipur?

Accepted Answer

While most banks prefer a credit score of 750+ for the lowest interest rates (starting ~8.35%), at Loan Samadhan we work with multiple lenders who accommodate CIBIL scores between 650 to 749 with suitable co-applicants or slightly adjusted LTV terms.

Question 4

Can I club family income to increase my Home Loan eligibility?

Accepted Answer

Yes. Adding your spouse, father, mother, or earning son/daughter as a co-applicant substantially increases your collective net monthly income, helping you secure higher loan eligibility for premium properties.

Question 5

Can I get an unsecured Business Loan without pledging property?

Accepted Answer

Yes, we facilitate collateral-free business loans up to ₹75 Lakh based on your GST turnover, annual ITR filings, and clean banking cash flow, typically sanctioned within 24 to 48 hours.

Question 6

What financial documents are needed for MSME business loans?

Accepted Answer

You typically need 3 years of audited Balance Sheets, Profit & Loss accounts, 12 months of GST returns, last 12 months current account bank statements, and business registration proof (GST/MSME/Udyam).

Question 7

How quickly can a Personal Loan be approved and disbursed?

Accepted Answer

For salaried applicants with active net banking and clear KYC documents, personal loans can be approved digitally within 2 to 4 hours and disbursed directly into your bank account on the same day.

Question 8

Do you offer financing for second-hand / used cars?

Accepted Answer

Yes. We offer attractive used car loans for up to 80% to 90% of the vehicle's certified valuation, with tenure options up to 5 years and competitive rates.

Question 9

What is the difference between a Home Loan and a Loan Against Property (LAP)?

Accepted Answer

A Home Loan is exclusively taken to purchase, construct, or renovate a residential property. A Loan Against Property (LAP) is a mortgage loan where you pledge your already owned residential, commercial, or industrial property to raise large funds for business expansion, weddings, or debt clearance with no restriction on fund usage.

Question 10

Can I continue to use my property during the LAP tenure?

Accepted Answer

Absolutely! You retain 100% full possession, residency, and commercial operational control over your property throughout the loan tenure. The bank only keeps an equitable mortgage on the title deed until full repayment.

Frequently Asked Questions