Frequently Asked Questions

Yes! A balance transfer allows you to move your existing loan to a lender offering a lower interest rate. Saksham Enterprises evaluates your current loan terms and helps you calculate exact savings before initiating a transfer to ensure it's financially beneficial.

While requirements vary by lender, a CIBIL score of 650+ is generally acceptable, and 700+ qualifies you for the best interest rates. If your score is lower, we can still help explore options with NBFCs or suggest quick ways to improve your score before applying.

Traditional income proof (salary slips, ITR) is required by most banks. However, if you have alternative income sources (rent receipts, business bank statements, GST returns), we can help find suitable lenders. Some NBFCs also offer limited documentation loans.

Yes, but your overall debt-to-income ratio is considered by lenders. Multiple simultaneous loan applications can also temporarily reduce your CIBIL score. We advise our clients on the right strategy to maximise approval chances without negatively affecting creditworthiness.

Interest rates depend on the loan type, lender, your CIBIL score, and income profile. Indicative rates: Home Loan from 8.40% p.a., Personal Loan from 9.50% p.a., Business Loan from 11.00% p.a., Loan Against Property from 9.00% p.a. Contact us for a personalised rate quote.

Basic documents include: Aadhaar Card, PAN Card, 3-month salary slips or ITR (last 2 years), bank statements (last 6 months), and address proof. For secured loans, property documents are additionally required. We guide you through the exact list based on your loan type.

Yes. For floating-rate home loans, RBI guidelines prohibit prepayment penalties. For other loan types, a nominal foreclosure charge of 2–5% of outstanding principal may apply depending on the lender. We advise checking the terms before taking the loan.

Banks typically offer 50–70% of the property's current market value as a Loan Against Property (LTV ratio). For commercial properties, it may be slightly lower. A bank-appointed valuer determines the market value during processing.

Most lenders accept: self-occupied residential properties, rented residential properties, commercial properties (offices, shops), and industrial properties. The property must have a clear & marketable title, no existing encumbrance, and be in an approved layout.

Business KYC documents: business PAN, GST certificate, trade licence or MOA/AOA. Financial documents: ITR with computation (last 2–3 years), audited financials, bank statements (12 months), GST returns. Personal KYC: Aadhaar & PAN of proprietor/directors.

Our advisory and consultation services are often at no cost to you — we receive a referral fee from partner banks/NBFCs. In some cases, a nominal service charge may apply, which is communicated upfront with full transparency before you proceed.