Features
- Loan amount: $500 to $50,000
- Term: Up to 6 years
- Monthly Interest rate: 1.20%-1.50%
- Processing 1% -1.50%
- Allow both Soft and Hard title
- Repayment: Either Fixed Principal Payment or EMI (Equated Monthly Installment)
- Home
- Product & Service
- Living Improvement Loan
Living Improvement Loan
A mid-term-loan provides the funding for homeowners to take a loan against their property, in order to start a small business and/or seek business improvement.
Benefits
- The longer the loan tenure the lower the monthly loan repayment amount
- Loan top-ups allowed
- Robust service delivery model - At-Your-Door-Step services ensure easy and fast approval & disbursal of loans.
- Dedicated team of well-experienced employees who work on delivering and providing customer satisfaction
- High standards of ethics, integrity, and transparency
- Various repayment options (Wing, True Money)
- First Finance reserves all right for changes without prior notice
Qualification
- Age: 18 to 65 years old
- Have a good credit record and reputation
Required Documents
- Proof of Identify
- National ID Card or Passport or Birth certification + Letter certified by local authority
- Family book or Residential Book
- Proof of Income
- For Salaried Employees
- Employment Contract or Staff ID Card
- Pay Slip (the latest 3 months) or Bank Statement (the latest 3 months)
- For Self Employed / Business
- Rental Contract or proof of business ownership
- Patent (if available)
- Letter certified by the relevant authority (if available)
- Income and expense Invoices
- Proof of Expense
- Utility Bills (water + electricity) (the latest 3 months)
Answering questions about products and services
FREQUENTLY ASKED QUESTIONS
Why is my credit score important and where can I get it?
LOAN CALCULATOR
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