What is your rate of Interest?
How can I Apply?
You can apply either through our website or can directly contact us at 033 4062 2525 and our executive will take you through from here.
Is collateral Mandatory?
Yes, it mandatory to pledge your financial security.
What are the mandatory Documents ?
What is the amount of Loan I can apply for?
What are the tenure options?
Can I apply with low CIBIL score?
Yes you can apply with a low CIBIL Score but the sanction of the same will depend on the ability of repayment. However, you have an option to take a join loan with your immediate family member.
How long it takes to transfer money into my bank account?
What are the class of shares to pledge as collaterals?
Equity shares, mutual fund units (except ELSS and FMPs), government bonds are mostly accepted as collateral. Peerless Finance has an approved list of shares which can be pledged against a loan.
What is loan to valuation?
Loan to valuation is the amount of loan sanctioned vis-a vis the valuation of the security. However, LTV is 50% in case of equity shares and equity mutual funds; 80% in case of debt mutual funds and bonds.
Is overdraft facility available?
Yes
What happen if the valuation goes down below the threshold level?
If the valuation goes down, the borrower will be asked for fresh securities/ cash to replenish the margin. If within 3 working days the borrower fails to provide with additional securities then the company reserves the right to sell the security and recover the margin shortfall.
Can I apply for a top up?
Yes, you can apply for the top up facility after six months of your existing loan.
What are repayment options?
Your repayment options include convenient modes like EMI or Quarterly Instalments through NACH mandates, Post-dated cheques, Bank Transfers etc.
Is there any pre-closure charge?
NIL.
Is there any other charges?
Yes, there are processing fees, documentation and other charges as per Peerless Finance Pricing policy.