Tuesday, December 29, 2015

Prajna Capital

Prajna Capital


Loan Against Property Interest Rates Compare

Posted: 29 Dec 2015 06:01 AM PST

 

Compare Interest Rates

 

Banks ProductLoan AmountRate of InterestPF Self Employed
HSBCLoan Against Property (Balance Transfer)> 25 Lakh11.75%0.25% + ST
Rs. 25 – 50 Lakh11.40%0.25% + ST
Rs. 50 Lakh – 1.5 Crore11.25%0.25% + ST
Standard Chartered Bank (SCB)Loan Against Property12.00-12.50%
CitibankLoan Against Property12.00- 12.50 %1% + ST
Axis BankLoan Against Property12.50 – 13.00 %1% + ST
Deutsche BankLoan Against PropertyAbove Rs. 1 Crore11.50 – 12.50 %1% + ST
Reliance Commercial FinanceLoan Against Property13.00 – 13.50%1% + ST
IndiaBullsLoan Against Property13% – 13.51 – 1.15%
EdelweissLoan Against Property12.50 – 13.00 %1% + ST
ReligareLoan Against Property13.50%1% + ST
DCBLAP/OD12.50 – 13.00 %1% + ST
ICICI BankLoan Against Property12.50%1% + ST
DHFLLoan Against Property13.50%1.5 % +ST
Kotak Mahindra BankLoan Against Property12.50 – 13.00 %1% + ST
HDFCLoan Against Property12.50 – 13.00 %1% + ST
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

Unsecured Dropline Overdraft

Posted: 29 Dec 2015 05:41 AM PST

 

Unsecured Dropline Overdraft

Dropline overdraft is a facility granted to you where you can overdraw your current account up to an agreed limit. Overdraft is an efficient form of borrowing as you pay interest only for the time you use the money. It gives you flexibility. You can at any time deposit money into the account to reduce the outstanding balance or can draw out money whenever you need it as long as you do not exceed the limit. Interest is calculated daily on the fluctuating outstanding balance and is normally charged at the end of each month. The overdraft utilized determines the interest that will be payable by the customer. Overdraft against Property is a flexible product offering that allows you a combination of a Term Loan and Overdraft facility against residential or commercial property. This product is useful for professionals, Sole Proprietors, Proprietorship Firms, Partnership Firms or a Private Limited Company with an annual turnover in the range of INR 90 lakh

Who Can Apply

Self Employed (Private Ltd. Co. and Partnership Firms)

Self Employed (Individuals)

Self Employed (Private Ltd. Co. and Partnership Firms) include private companies and partnership firms in the business of manufacturing, trading or services

With:

Minimum turnover of Rs. 60 lakh, financial should be audited.

Years in business: Minimum of 3 years in current business and 5 years total business experience

Business must be profit making for the last 2 years.

Minimum Annual Income (ITR): Rs. 1.5 lakh p.a.

Documents required:

PAN Card

Address proof (ration card, telephone/ electricity bill/ lease agreement/ passport/trade license /sales tax certificate)

Bank statement (latest of 6 months)

Last 2 years ITRs (computation of income) balance sheet and profit & loss a/c. and Financial should be audited.

Proof of continuation (ITR/ Trade license /Establishment /Sales Tax certificate)

Self Employed (Individuals) include Sole proprietors, Partners & Directors.

With:

Minimum age of applicant: 21 years

Maximum age of applicant at loan maturity: 65 years

Minimum turnover of Rs. 60 lakh, financial should be audited.

Years in business: Minimum of 3 years in current business and 5 years total business experience

Minimum Annual Income (ITR): Rs. 1.5 lakhs p.a.

Documents required:

Proof of identity (Passport / Voters ID card/ Driving License/PAN Card)

Address proof (Ration card tel/elect. Bill/ Lease agreement/ Passport/ Trade license /Sales Tax certificate)

Bank statement (latest of 6 months)

Latest ITR along with computation of income, balance sheet and profit & loss a/c for the last 2 years and Financial should be audited.

Proof of continuation (ITR/Trade license /Establishment /Sales Tax certificate)

 

Other mandatory documents (Sole Prop. Declaration or Certified Copy of Partnership Deed, certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (original)

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

Risk Profile of a Mutual Fund

Posted: 28 Dec 2015 11:31 PM PST

 

Mutual Fund Risk profile

The risk profile associated with a fund tells you how dynamic the returns could be. Equity funds which are invested in stock exchanges are highly dynamic as their fate is tied to that of the unpredictable stock markets. As such, these are categorized as high risk mutual funds where returns could be very high while downsides can be equally drastic. Debt funds are safe bets as these are invested in stable securities such as government securities, bonds, treasury bills etc. and are therefore categorized as low risk. Hybrid funds are an amalgamation of both equity and debt instruments, and are profiled according to the diversification of portfolio among debt and equity funds.

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

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