Preparing for a Loan

Having the right documents for a loan, will save not only the time for processing but also fetch us better terms. For example a personal loan applied based on salary certificate from a leading company will fetch better interest rate than a self assessment income tax filing; 3 years of continuous IT filing will give a better loan than with just 1 year's filing; a Form 16 based IT return is considered better than a purely self assessed IT filing.

Credit Rating With growing delinquency in loan repayment, banks have come up with credit rating of all borrowers. Having a clear rating thus is essential for future loans. In already in the defaulter list, it is essential to get out of it at the earliest. Finerva will support you will keeping your credit rating spot less and improving it, if black marked already.