8 November 2017

Insurance Services

Insurance Schemes in India

Insurance is a contract between two parties - the insurer and the one seeking insurance - in which the seeker pays an amount of money to the insurer for a duration of time and in return expects guarantee of repayment for the loss of the insured article, be it life, automobile, property or any other item as the policy may contain. MFS insurance give you the best in class services.


TYPES OF INSURANCE :


1.LIFE INSURANCE 

2.GENERAL INSURANCE 

3.HEALTH INSURANCE 


We are tie up with below companies ...

SHRIRAM LIFE INSURANCE CO LTD 

The Shriram Life Insurance Company was founded with the objective of reaching out to the “common man” with products and services that would be helpful to him as he set out on the path to “prosperity”.
Operational efficiency, integrity and a strong focus on catering to the needs of the average Indian , by offering him high quality and cost-effective products and services, are the core values that drive the organisation. These values have been strongly adhered to over the decades and are now an integral part of the organisation’s DNA.
The company prides itself on its deep understanding of the customer. Each product or service is tailor-made to specifically suit the needs of the customer. It is this guiding philosophy of putting people first that has brought the group company closer to the grassroots and has made it the preferred choice for all truck financing requirements amongst the customers.

http://slic.shriramlife.me/savings-plan

Insurance Services India

 Religare Health Insurance Plan



Key Features -
  • Wide range of Sum Insured- up to Rs. 6 cr with life-long renewability
  • Get Automatic recharge of sum insured if claim amount exhausts your coverage, at no extra cost
  • Upto 150% increase in sum insured with No Claim Bonus- Super
  • Annual health check-up for insured members- regardless of claims history
  • No pre-policy medical check-up for sum insured less than Rs. 25 lacs, till 50 years of age .
  • Cashless & Hassle-free direct claim settlement with us at 5420+ Hospitals
If you are exhausted to fill the form, then request call back from our representative.
Making Financial Solution
0452 497 92 32
94421 07545/ 97 5151 10 10


SKI Retail Capital Ltd 



Established in the year 2001 serves as a window to the world of financial products by giving its customers stupendous exposure to the wide range of investment avenues. Besides being a strong player in financial assets advisory segment, the company is proud that Shriram group, a leading business conglomerate with Rs.90,000 crores AUM  has invested in the equities of our organization.
As a customer centric organization, the company offers its customers a hassle free and serene financial experience by carrying out the entire investment selection process in the virtual platform. SKI is proud to introduce a real time system that utilizes very advanced mathematical models for making transaction decisions in financial assets. The strict rules built into the model enables efficient decisions by determining optimal price using complex algorithms based on mean-variance selection
Optimal dynamic strategies are computed to the desired degree of precision by the dynamic programming principle to a series of single-period convex constrained optimization of brand selection.  Transactional model displays sequentially the financial asset of your choice with the goal of maximizing value. The buyer is presented a series of quotes by using minimal modeling assumption and prices are drawn within finite interval. We present asymptotically optimal deterministic and randomized algorithms for both maximization of value and minimization of price.
The motto of SKI is to provide a comprehensive investment platform and envisages delivering a world class financial service to its clients. The company believes in simplified selection process with enhanced and genuine information that mitigates cost and time. This efficiency is achieved through digitized operation systems that help in fulfilling customer’s financial obligations with ideal financial asset resulting in customer satisfaction and patronage

http://www.skiretail.in/index.php

If you are exhausted to fill the form, then request call back from our representative.
Making Financial Solution
0452 497 92 32
94421 07545/ 97 5151 10 10



Car Loan

List of Car Loan Documents Required

If you are looking for a Car Loan from a bank in India, you would require the following Car Loan Documents to process your Car loan application. We process Car loans in major cities in South Tamilnadu



List of Car Loan Documents Checklist Required for Salaried Person

  • Photo Identity Proof: Any One from the following;
    1. Passport.
    2. Pan Card.
    3. Voters ID Card.
    4. Drivnig License.
  • Residence Address Proof: Any One from the following;
    1. Passport.
    2. Ration Card.
    3. Utility Bill.
  • Residence Ownership Proof: Any One from the following;
    1. Property Documents.
    2. Maintenance Bill.
    3. Electricity Bill.
  • Income Proof: Latest 3 months Salary Slips and Form 16.
  • Job Continuity Proof: Any One from the following;
    1. Current Employment Certificate.
    2. Current Job Appointment letter (if it is more than 2 years).
    3. Experience Certificate (including your previous job certificate or appointment and relieving letter).
  • Bank Statement: Latest 6 months statement where your salry is getting credited.
  • Down Payment Dealer Reciept.
  • Car Quotation.
  • 1 passport size color photograph
  • IF PROFESSIONAL: Please submit your Professional Degree Certificate.

List of Car Loan Documents Required for Self Employed Business Person

  • Photo Identity Proof: Any One from the following;
    1. Passport.
    2. Pan Card.
    3. Voters ID Card.
    4. Drivnig License.
  • Residence Address Proof: Any One from the following;
    1. Passport.
    2. Ration Card.
    3. Utility Bill.
  • Residence Ownership Proof: Any One from the following;
    1. Property Documents.
    2. Maintenance Bill.
    3. Electricity Bill.
  • Office Address Proof: Any One from the following;
    1. Property Documents (if any).
    2. Maintenance Bill (if any).
    3. Utility Bill.
  • Office Ownership Proof (if any): Any One from the following;
    1. Property Documents.
    2. Maintenance Bill.
    3. Electricity Bill.
  • Business Existence Proof: Any One from the following;
    1. 3 years old Saral Copy.
    2. Shop Establishment Act.
    3. Any Tax Registration Copy.
    4. Company Registration license.
  • Income Proof: Latest 2 years Income Tax Returs including Computatin of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.,
  • Bank Statement: Latest 1 year bank statement both current and savings.
  • Down Payment Dealer Reciept.
  • Car Quotation.
  • 1 passport size color photograph
  • IF PROFESSIONAL: Please submit your Professional Degree Certificate.
If you are exhausted to fill the form, then request call back from our representative.
Making Financial Solution
0452 497 92 32
94421 07545/ 97 5151 10 10

Business Loan

Business Loan Documents Required

It is possible to manage the cash flow, upgrade business equipment and grow the business by the option of business loans. Each bank has specific requirements, criteria and eligibility factors. Here is the list of few banks document requirements and other details mentioned:

Checklist of Documents Required for Business Loan

  • Identity proof- Driving License/PAN Card/ Passport / Voters ID card
  • Address Proof (Ration card Tel/electricity Bill/ Passport/ Trade license / Lease agreement/ Sales Tax certificate)
  • Bank Statement
  • Latest ITR along with computation of Balance Sheet, income & Profit & Loss a/c for the last 2 yrs.
  • Proof of continuation
  • Other Mandatory Documents such as Sole Proprietorship Declaration, Certified true copy of Memorandum & Articles of Association
  • Last 3 years audited financials

List of Common Documents Required for Business Loan


  • Application Form: Complete loan application form with one passport size photograph
  • Valid Proof of Applicant's Identity: Passport, Photo PAN card, Voter’s identity card , Driving license and MAPIN card
  • Proof of Residence: Ration card Tel/ Lease agreement/ Electricity Bill/ Passport/Trade license /Sales Tax certificate
  • Proof of Age: Passport, Photo PAN card, Voter’s identity card
  • Financial Documents: Copies of IT returns for the last two years along with the latest Bank statements for 6 months and P & L and balance sheet for last two years audited by a C.A.
  •  Self Employed (Private Ltd. Co. and Partnership Firms): P & L Copies of IT returns for the last two years and P & L and balance sheet for last two years audited by a chartered accountant.
  •  Self Employed Individuals - Professionals: Copies of IT returns for the last two years and Bank statements for last 6 months and – Professionals: P & L and balance sheet for last two years audited by a chartered accountant
  • Self Employed Individuals - Non Professionals: P & L and balance sheet for last two years audited by a chartered accountant and Copies of IT returns for the last two years and Bank statements

Documents Required for Self Employed (Private Ltd. Co. and Partnership Firms)

  • Proof of Identity of Private Limited Company: Sales tax / VAT /Service tax / Excise registration, / IT return of the concern, Water / Electricity / Registration under Shops and Establishment Act, PAN ID /Municipal tax bill in the name of the concern, Memorandum and Articles of Association
  • Proof of Individual Identity: Proof to be submitted for the authorized signatories and about two directors (which includes the managing director) (any one of the following): PAN card, Voter’s identity card, Driving license and Passport

Documents Required for Self Employed Individuals – Professionals

  • Proof of identity of sole proprietorship : Proof of identity of the sole proprietorship
  • PAN ID / IT return of the concern or Municipal tax, Water, Electricity bill in the name of the concern
  • Individual identity proof to be submitted for the sole proprietor : Passport, Driving license, Voter’s identity card, Photo PAN card.
  • Proof of residence address for the sole Proprietor: Driving license, Ration card, Passport, Voter’s identity card

Documents Required for Self Employed Individuals - Non Professionals

  • Proof of identity of the sole proprietorship
  • Proof of individual identity
  • Three years income tax returns
  • Three years sales tax returns
  • Copy of periodic stock, age wise book-debt and creditors-statement for latest three months
  • Copy of last 6 months bank statement of main banker / copy of bank statement for the term loan
Business Loan Application Form is a mandatory document to be filled, it is clear that irrespective of which bank you are look to apply for a business loan, without necessary documentation the request will not be process. Keep these paper works done before approaching the bank.
If you are exhausted to fill the form, then request call back from our representative.
Making Financial Solution
0452 497 92 32
94421 07545/ 97 5151 10 10

Home Loan

List of Home Loan Documents Required

If you are looking for a Home Loan from a bank in India, you would require the following Home Loan Documents to process your Home loan application. We process Home loans in major Town South Tamilnadu

List of Home Loan Documents Checklist for Salaried Person

  • Photo Identity Proof: Any One from the following;
    1. Passport
    2. Pan Card
    3. Voters ID Card
    4. Drivnig License
  • Residence Address Proof: Any One from the following;
    1. Passport
    2. Ration Card
    3. Utility Bill
  • Residence Ownership Proof: Any One from the following;
    1. Property Documents
    2. Maintenance Bill
    3. Electricity Bill
  • Income Proof: Latest 3 months Salary Slips and Form 16.
  • Job Continuity Proof: Any One from the following;
    1. Current Employment Certificate
    2. Current Job Appointment letter (if it is more than 2 years)
    3. Experience Certificate (including your previous job certificate or appointment and relieving letter)
  • Bank Statement: Latest 1 year statement where your salary is getting credited
  • Property Documents: Property documents to be submitted based on the purchase of your dream home.
    1. Copy of agreement executed / Sales Deed.
    2. Share Certificate.
    3. Latest Maintenance Bill.
    4. List of documents & sanction letter given by Existing Banker (If Applicable).
  • Advance Processing Cheque required to process loan documents for sanction.
  • Investment Proof (if any): please submit if any investment like, Fixed Deposit, Shares, Fixed Assets, etc.,
  • 1 passport size color photograph
  • IF EXISTING LOANS: If any existing loan, please submit sanction letter, Payment Track Record.
  • IF PROFESSIONAL: Please submit your Professional Degree Certificate.

List of Home Loan Documents Checklist for Self Employed Business Person

  • Photo Identity Proof: Any One from the following;
    1. Passport
    2. Pan Card
    3. Voters ID Card
    4. Drivnig License
  • Residence Address Proof: Any One from the following;
    1. Passport
    2. Ration Card
    3. Utility Bill
  • Residence Ownership Proof: Any One from the following;
    1. Property Documents
    2. Maintenance Bill
    3. Electricity Bill
  • Office Address Proof: Any One from the following;
    1. Property Documents (if any)
    2. Maintenance Bill (if any)
    3. Utility Bill
  • Office Ownership Proof (if any): Any One from the following;
    1. Property Documents
    2. Maintenance Bill
    3. Electricity Bill
  • Business Existence Proof: Any One from the following;
    1. 3 years old Saral Copy
    2. Shop Establishment Act
    3. Any Tax Registration Copy
    4. Company Registration license
  • Income Proof: Latest 3 years Income Tax Returs including Computatin of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.,
  • Bank Statement: Latest 1 year bank statement both current and savings.
  • Property Documents: Property documents to be submitted based on the purchase of your dream home.
    1. Copy of agreement executed / Sales Deed.
    2. Share Certificate.
    3. Latest Maintenance Bill.
    4. List of documents & sanction letter given by Existing Banker (If Applicable).
  • Advance Processing Cheque required to process loan documents for sanction.
  • Investment Proof (if any): please submit if any investment like, Fixed Deposit, Shares, Fixed Assets, etc.,
  • 1 passport size color photograph
  • IF EXISTING LOANS: If any existing loan, please submit sanction letter, Payment Track Record.
  • IF PROFESSIONAL: Please submit your Professional Degree Certificate.
If you are exhausted to fill the form, then request call back from our representative.
Making Financial Solution
0452 497 92 32
94421 07545/ 97 5151 10 10

Email: makingfinancialsolution@gmail.com


Mortgage Loan

List of Loan Against Property Documents Required

If you are looking for a Loan Against Property from a bank in India, you would require the following Loan Against Property Documents to process your Loan Against Property application. We process Loan Against Property in South Tamilnadu




List of Loan Against Property Documents Checklist for Salaried Person

  • Photo Identity Proof: Any One from the following;
    1. Passport
    2. Pan Card
    3. Voters ID Card
    4. Drivnig License
  • Residence Address Proof: Any One from the following;
    1. Passport
    2. Ration Card
    3. Utility Bill
  • Residence Ownership Proof: Any One from the following;
    1. Property Documents
    2. Maintenance Bill
    3. Electricity Bill
  • Income Proof: Latest 3 months Salary Slips and Form 16.
  • Job Continuity Proof: Any One from the following;
    1. Current Employment Certificate
    2. Current Job Appointment letter (if it is more than 2 years)
    3. Experience Certificate (including your previous job certificate or appointment and relieving letter)
  • Bank Statement: Latest 1 year statement where your salary is getting credited
  • Property Documents: Property documents to be submitted based on the purchase of your dream home.
    1. Copy of agreement executed / Sales Deed.
    2. Share Certificate.
    3. Latest Maintenance Bill.
    4. List of documents & sanction letter given by Existing Banker (If Applicable).
  • Advance Processing Cheque required to process loan documents for sanction.
  • Investment Proof (if any): please submit if any investment like, Fixed Deposit, Shares, Fixed Assets, etc.,
  • 1 passport size color photograph
  • IF EXISTING LOANS: If any existing loan, please submit sanction letter, Payment Track Record.
  • IF PROFESSIONAL: Please submit your Professional Degree Certificate.


List of Loan Against Property Documents Checklist for Self Employed Business Person

  • Photo Identity Proof: Any One from the following;
    1. Passport
    2. Pan Card
    3. Voters ID Card
    4. Drivnig License
  • Residence Address Proof: Any One from the following;
    1. Passport
    2. Ration Card
    3. Utility Bill
  • Residence Ownership Proof: Any One from the following;
    1. Property Documents
    2. Maintenance Bill
    3. Electricity Bill
  • Office Address Proof: Any One from the following;
    1. Property Documents (if any)
    2. Maintenance Bill (if any)
    3. Utility Bill
  • Office Ownership Proof (if any): Any One from the following;
    1. Property Documents
    2. Maintenance Bill
    3. Electricity Bill
  • Business Existence Proof: Any One from the following;
    1. 3 years old Saral Copy
    2. Shop Establishment Act
    3. Any Tax Registration Copy
    4. Company Registration license
  • Income Proof: Latest 3 years Income Tax Returs including Computatin of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.,
  • Bank Statement: Latest 1 year bank statement both current and savings.
  • Property Documents: Property documents to be submitted based on the purchase of your dream home.
    1. Copy of agreement executed / Sales Deed.
    2. Share Certificate.
    3. Latest Maintenance Bill.
    4. List of documents & sanction letter given by Existing Banker (If Applicable).
  • Advance Processing Cheque required to process loan documents for sanction.
  • Investment Proof (if any): please submit if any investment like, Fixed Deposit, Shares, Fixed Assets, etc.,
  • 1 passport size color photograph
  • IF EXISTING LOANS: If any existing loan, please submit sanction letter, Payment Track Record.
  • IF PROFESSIONAL: Please submit your Professional Degree Certificate.

If you are ready with the doucments, 
If you are exhausted to fill the form, then request call back from our representative.
Making Financial Solution
0452 497 92 32
94421 07545/ 97 5151 10 10

email: makingfinancialsolution@gmail.com

1 November 2017

Discover The Difference With Us....MFS...Good Solution for Loan


Know Home Loan and Eligibility

Joint Home Loan: Every one in the world dreams of having their own house. To make it happen people often plan to take a home loan. But there are many types of loans one can apply in different banks and financial institutions. In home loans joint home loans are much popular than the other. What makes them so attractive is their ability to distribute the debt among all the applicants and the maximum sanction limit associated with this. Apart from these deduction under income tax act for the loan repayments and interest on loan payments will be available for all the members of the loan.

Things to know:

1. Joint Home Loan:

A joint Home loan is a loan sanctioned to more than one person jointly.

2. Co-borrower:

Among all the applicants one is called as co borrower to another. Since they are taking the loans jointly the burden of repayment will be shared among themselves. A joint home loan can be taken by up to 6 members. Generally people used to take the loan along with their siblings, spouse or parents etc., Banks allow the joint loans to the siblings if they are the co – owners of the property.

3. Eligibility for Joint Home Loan:

  • Minimum two persons should be there
  • There is no compulsion that the co-borrower should be a co-owner of the house but it is recommendatory to have co-owner as co-borrower to avoid the chances of not getting the loans at the very first attempt.
  • A married couple always has a chance of getting the joint loans without any problems from the side of lender.
  • Lending institution asks for the KYC details and proof of identity and proof of address along with the proof of co-ownership where ever necessary.

4. Tax Benefits on Joint Home Loan:

Section 80C of the income tax act 1961 allows an assessee to avail the benefit of deduction towards the repayment of principal amount. And one can avail the deduction towards interest on loan paid under section 24 of the act.
In case of joint home loan all the co-borrowers of the loan can avail the deduction towards the repayment of principal amount along with interest on loan. This tax benefits will be proportionate to their share in the home loan.
Currently Rs 1,50,000 can be availed as maximum tax benefit for repayment of principal u/s 80C and Rs 2,00,000 can be availed for interest payment.
To avail this tax benefits the co-borrowers should be the co-owners of the property. Otherwise it is not possible to avail the deductions.

5. Repayment of Joint Home Loan:

The liability of the co-borrowers is joint as well as several. In case of any disputes or divorce between the husband and wife, the other who is ready to enjoy the benefits of loan will be liable to pay off the entire loan. So it is better to have an agreement stating the share of each co-borrower.

6. Planning:

Since all the co-owners are allowed to have the tax benefit it is advisable to split their share of the loan accordingly so that person having maximum tax slab will be allocated majority amount of the loan which makes it possible to avail optimum tax benefit.
Must Read Types of home loan

If u have any questions please comment below. We will get back to u soon.
If you are exhausted to fill the form, then request call back from our representative.
Making Financial Solution
0452 497 92 32
94421 07545/ 97 5151 10 10
makingfinancialsolution@gmail.com

Types of Home loans available in India

There are a variety types of home loans in India which come with different features as discussed below:

  1. Land Purchase Loan
  2. Home Purchase Loan
  3. Home Construction Loan
  4. Home Improvement Loan
  5. Home Extension Loan
  6. Home Conversion Loan
  7. Bridged Loan
  8. Stamp Duty Loan
  9. Balance Transfer Loan
types of Home loans

1. Land Purchase Loan:

This loan is sanctioned by banking & financial institutions to support the borrower in purchasing a land for constructing his dream home. Generally this loan carries a period of up to 15 years for repayment. This can be beneficial to those who have regular flow of income and who think that the cost of the loan less than what the land is going to fetch in the future.

2. Home Purchase Loan:

Home purchase loans give you the fiancé required for buying a new or existing home. Almost 80-85% of the total cost of the home can be obtained as loan.  This is one of the mostly availed home loans in India. As salaried employees, people are increasingly trying to buy a new flat or house in well-developed area rather constructing a house on their own. This attitude drives the demand for these kind of loans.

3. Home Construction Loan:

These loans are sanctioned for the purpose of constructing a house. This loan would be much complex in terms of procedural aspects when compared to the above two loans. If the land has been purchased by you before one year to the commencement of construction of the house then the cost of land would be considered to determine the cost of house, otherwise cost of land is excluded from the cost of the home. The documents required for this loan are slightly different from the above said loans.

4. Home Improvement Loan:

As the name suggests these loans are sanctioned by the banks and housing financial institution for taking up an improvement activity in the house, whether it is renovation, repairs, any electrical work, construction of small utilities which brings an improvement in the home. External works like structural repairs, waterproofing or internal works like tiling and flooring, plumbing, electrical work, painting are also included by the term improvement.

5. Home Extension:

These loans are meant for giving financial assistance to take up an expansion of your home by way of building an additional room, balcony, expanding the living area etc., Generally this also requires permission form the municipality.

6. Home Conversion loan:

These are the loans sanctioned by banks and financial institution to those who have already obtained home loan from them to buy a home and now want to shift to another home which may need some further financial assistance. Through conversion existing loan is shifted to the new home.

7. Bridged Loan:

As the name suggests these are the loans which are intended to help those who having a home want to buy or construct a new home buy selling off the existing home. If you want to sell your existing home but could not find a potential buyer but you wish to shift to a new home as early as possible, in such cases these loans are granted.

8. Stamp Duty Loan:

Stamp duty loans are designed to sanction the finance needed to pay off the stamp duty attached with the purchase of home or land. These are not as popular as the other loans.

9. Balance Transfer Loan:

These are designed to pay off the existing loan and to switch over to another loan.  For example if you have already had a home loan from a bank which charges 10% per annum as interest, after some time you came across a bank which gives you the loan @ 9% then using these types of loans you can pay off the existing loans.

If you are exhausted to fill the form, then request call back from our representative.
Making Financial Solution
0452 497 92 32
94421 07545/ 97 5151 10 10