FAQ
Frequently asked questions
Common questions about how we work, what lenders assess, and what happens after you enquire.
General
About our service
No. We are a consultancy. We help you understand your options, prepare your application and approach lenders. Every decision on whether to lend, how much and on what terms is made by the lender.
Any charges are explained and agreed with you before work begins. Please ask us directly for current terms so you have them in writing.
It depends on the lender, the completeness of your documents and how quickly property and legal verification is completed. We cannot promise a timeline, and we would treat any promise of a fixed approval time with caution.
We can talk through the factors lenders weigh and give you a realistic view of your position. We cannot tell you that you are eligible — only a lender can decide that, after their own assessment.
It applies the standard reducing-balance formula correctly, so it is accurate for the figures you enter. It is not a quote. The actual rate, fees and terms come from a lender and will differ from any example rate you type in.
It is used to respond to your enquiry and to follow up about the service you asked about. Our Privacy Notice sets out what is collected and how it is handled. We do not ask for Aadhaar, PAN, bank account details or documents through this website.
Sometimes. It depends why it was declined. If the reason is something that can be addressed, we can talk about that; if it is not, we will tell you rather than submit an application likely to fail.
Please contact us to discuss how we can work with you. Once you submit an enquiry we will get in touch to arrange the most practical way to proceed.
By service
Questions about specific loan types
Each service page carries its own questions in full. These are the ones asked most often.
Home Loan
That depends on your assessed income, your existing obligations, your age and the value the lender places on the property. Lenders also fund only a proportion of the property value and expect you to contribute the rest. We can talk through a realistic range once we understand your position.
Some lenders will assess your income and give an in-principle indication before a property is identified. It is an indication of borrowing capacity, not a sanction, and it is normally subject to the property later clearing legal and technical checks.
Not usually. Multiple applications in a short window can show up on your credit report and some lenders read that unfavourably. It is generally better to apply where your profile genuinely fits.
Balance Transfer
Broadly, the less tenure you have left, the weaker the case. Most of the interest on a loan is paid in the early years, so a transfer late in the term saves comparatively little while the switching costs stay much the same. The remaining balance and the difference in terms both matter.
Expect handling by the outgoing lender, fresh processing charges from the incoming one, valuation and legal verification, and stamp duty or registration on new documents. The exact amounts depend on the lenders and your state, so they should be confirmed in writing before you proceed.
Many lenders will consider a top-up alongside a transfer, subject to your income, the property value and their own limits. It is assessed as part of the same application rather than granted automatically.
Loan Against Property
Lenders advance a proportion of their own assessed value of the property, not the price you believe it would sell for. The proportion varies by lender and by property type, and your income still has to support the repayment.
Many lenders accept residential, commercial and in some cases industrial property, but their appetite differs considerably by property type, age, location and title. It needs checking against specific lenders rather than assumed.
Yes. Lenders generally ask what the funds are for and some purposes are excluded, particularly speculative ones. The stated purpose should be accurate.
Construction Loan
In tranches tied to construction milestones such as foundation, slab and finishing. The lender normally inspects progress before each release. The exact stages are set out in the sanction terms.
The sanctioned amount is based on the estimate submitted. An overrun is generally yours to fund, and any enhancement to the loan would be a fresh assessment rather than an automatic top-up. It is worth building some margin into the original estimate.
Many lenders charge interest only on the amount disbursed so far until the loan is fully drawn, with full instalments starting after that. Arrangements vary, so confirm the structure with the specific lender.
Plot Loan
Lenders generally fund a smaller proportion of the price, offer shorter terms and apply stricter conditions on where the plot may be. The tax treatment also differs from a home loan, which is worth discussing with a tax adviser.
Most lenders do not fund agricultural land under a plot loan. These products are generally confined to residential plots within approved layouts. Where land use has been formally converted, the position may differ by lender.
Some lenders attach that condition to a plot loan and it can affect the terms. Whether it applies depends on the lender and the product, so it should be confirmed before signing.
Home Renovation Loan
Typically structural repair, extension of built-up area, and fixed improvements such as plumbing, electrical work, flooring, roofing and waterproofing. Movable furniture, appliances and purely decorative items are commonly excluded, though the boundary varies by lender.
They can achieve a similar result but they are assessed differently. A renovation loan is assessed against the proposed work; a top-up is additional borrowing on an existing loan. Which suits you better depends on your current loan and the size of the project.
Internal repair and replacement usually does not require it. Extending or altering built-up area often does, and lenders generally want to see that permission before funding that portion.
Home Loan Top-Up
It depends on the property's current value, how much of the original loan is outstanding, your income and the lender's own limits on total borrowing against a property. There is no fixed figure and the lender decides.
Not always. Several lenders restrict end use and ask you to declare it, and some exclude speculative purposes entirely. It is worth checking before applying rather than after.
No. A top-up is additional borrowing on a loan you already hold with that lender. A loan against property is a separate facility, and can be taken against a property with no existing loan on it.
Personal Loan
Because nothing is pledged as security. If repayment stops, the lender has no asset to recover against, and that additional risk is reflected in the pricing. The lender sets the actual rate.
It usually does the opposite. Each application is recorded on your credit report, and several enquiries in a short period is a signal lenders read negatively.
It is harder, because the lender has nothing to assess. Some lenders will consider it with a strong, verifiable income; others will decline. It varies by lender and profile.
Business Loan
Lenders set their own minimum, and it differs by product and by whether the facility is secured. It is one of the first things worth establishing, because it rules some lenders out immediately.
Not necessarily. Unsecured business borrowing exists, usually at a higher rate and shorter tenure. Where property is available, a secured facility typically costs less over the term.
Because they show what actually happened rather than what was declared. Consistency between the statements, the returns and the stated turnover is what a lender is really checking.
Commercial Property Loan
Generally more than for a home loan. The exact proportion is set by the lender and depends on the property, its location and your profile, so it is worth confirming before you commit to a purchase.
The treatment is different, and it depends on how the property is used and on your own tax position. This is a question for a qualified tax adviser rather than for us.
Sometimes, and with more caution than a completed unit. Lender appetite varies considerably with the developer and the project, and some will not consider it at all.