We provides you "Next Generation of Financial Solutions" to your business. We will arrange you almost all types of loan/funds from different Banks or Non Banking Finance Corporation (NBFC) at most competitive Rate of interest and Processing fee.
Home Loan
Our BPO home loan services streamline the mortgage process, offering end-to-end support from application to approval. With skilled professionals and advanced technology, we ensure efficient, accurate handling of loan applications, compliance, and customer service, helping lenders and borrowers achieve seamless financing experiences.
Lenders offer home loans, not only for buying a house but also for a variety of other purposes. Some of the popular types of home loans available in the financial market are described below.
- Loans for Purchase of Land
- Loans for Home Purchase
- Loans for House Construction
- House Expansion Loans
- Home Conversion Loans
Loan Against Property
Loan against property (LAP)- is a product offered by Financial Institution (FI) to facilitate loans / facilities against the security of borrower's own property. The LAP product is designed to meet the financial needs against owned properties (house, Flat etc) to get the best out of their assets. This product can be availed by both Salaried as well as Self-Employed borrower, however that property should not given as security for a loan to any FI i.e. should be free from encumbrance. The value of the property is determined by the valuation conducted by the lenders. Flow of is-
- Loan Against Property
- Application Processing
- Documentation
- Property Verification/Valuation
- Sanctioning of the Loan
- Sanctioning of the Loan
- Disbursement
Personal Loan
Personal Loan (PL)- is a product offered by Financial Institution (FI) to facilitate loans for personal use, be it any unforseen expenditure.
A personal loan does not require any security or collateral and can be availed without much fuss. Typically personal loans range from Rs. 50,000 to Rs. 20 Lakh with a tenure typically ranging from one to five years. Getting a Personal loan is quite stress free and there are typically a number of offers in the market most of the time.
Apart from the rate of interest,banks also charge some fees which are usually of two types. First once when the borrower is applying for the loan and then before closing the loan. The fees when charged at the time of processing is called as Processing Fees and that at the time of pre-closure is Prepayment / Foreclosure Fee . Both vary from 2 to 3 % and are negotiable with lender.
Business Loan (Unsecured)
Business Loan (BL)- is a product offered by Financial Institution (FI) to facilitate loans for business purposes.Businesses require an adequate amount of capital to fund startup expenses or pay for expansions. As such, companies take out business loans to gain the financial assistance they need. As with all loans, it involves the creation of a debt, that the company is obligated to repay according to the loan's terms and conditions, with added interest.
Business loan eligibility depends upon various factors and main factor is ability to repay the loan, apart from policies of FIs/Lender. FIs that offer business loans will run extensive checks on borrower's profile, business, profits, financial statements and scope of success to assess repayment capacity of borrower.
Some points on eligibility of Business Loan are -
- Age
- Financial Statements
- Outstanding EMIs
- Stable and Sustainable Business
Finance for Importers & Exporters
An exporter/ importer requires timely finance to make the most of Business opportunities. Therefore, SHOBI Goup helps you meet all your financial needs via the host of innovative products and services, forex and hedging solutions.
* Features & Facilities -
- As an exporter, you get export credit for Pre-Shipment and Post-Shipment finance
- Letters of Credit for facilitating trade
- You can get loans in foreign currency (export credit and buyers credit) for reducing forex risk and lower borrowing costs
- Foreign Currency Term Loan