1. What is Ambika Finance Private Limited?
Ambika Finance Private Limited is a financial services company offering a wide range of loan products, including business loans, home loans, personal loans, loan against property, project loans, agriculture loans, and more. Our goal is to provide hassle-free financial solutions to individuals, businesses, and professionals.
2. What types of loans does Ambika Finance Private Limited offer?
We offer various loan products, including:
✔ Home Loan – For purchasing or constructing a home
✔ Business Loan – To support business expansion and working capital
✔ Loan Against Property (LAP) – Loan by pledging your property
✔ Personal Loan – For emergency and personal financial needs
✔ Project Loan – For large-scale projects and business ventures
✔ Agriculture Loan – To support farmers and agribusinesses
✔ Doctor’s Loan – Special financing solutions for medical professionals
3. Who is eligible to apply for a loan?
Eligibility varies by loan type, but generally, the following individuals can apply:
✔ Salaried professionals
✔ Self-employed individuals and business owners
✔ Farmers and agribusiness owners
✔ Medical professionals
✔ Companies, firms, and startups (for business-related loans)
4. What documents are required to apply for a loan?
The documentation varies depending on the loan, but the common documents include:
📌 Identity Proof – Aadhaar Card, PAN Card, Passport, Voter ID
📌 Address Proof – Utility Bills, Rental Agreement, Passport
📌 Income Proof – Salary Slips, Bank Statements, IT Returns
📌 Property Documents (for LAP and home loans)
📌 Business Registration and Financials (for business-related loans)
5. How can I apply for a loan?
You can apply through the following methods:
- Online Application: Visit our website and fill out the loan application form.
- Call/Email: Contact our customer service team for guidance.
- Visit Our Branch: Walk into any of our branches with the required documents.
6. How much loan amount can I get?
The loan amount depends on various factors, including:
✔ Your income and financial stability
✔ Loan type and repayment capacity
✔ The value of collateral (if applicable)
✔ Your credit score and financial history
7. How long does it take to process a loan?
- Personal & Business Loans: 24 to 72 hours (if documents are complete)
- Home & Loan Against Property: 7-15 working days
- Project Loans: 15-30 days (subject to project evaluation)
8. What is the interest rate for loans?
The interest rate varies based on the loan type, borrower profile, and market conditions. We offer competitive interest rates with flexible repayment options. Contact us for the latest rate details.
9. Can I prepay or foreclose my loan?
Yes, we allow prepayment or foreclosure of loans. However, some loans may have prepayment charges depending on the loan agreement.
10. Do I need collateral to get a loan?
- Secured Loans (Home Loan, Loan Against Property, Project Loan) require collateral.
- Unsecured Loans (Business Loan, Personal Loan, Doctor’s Loan) do not require collateral but depend on creditworthiness.
11. How can I check my loan application status?
You can track your application status through:
✔ Customer Care: Call or email us with your loan reference number.
✔ Online Portal: Log in to our website for real-time updates.
✔ Branch Visit: Visit the nearest Ambika Finance branch for assistance.
12. What happens if I miss an EMI payment?
Missing an EMI can lead to:
⚠ Late payment charges
⚠ Negative impact on your credit score
⚠ Legal action in case of prolonged non-payment
If you are facing financial difficulties, contact us immediately to discuss possible repayment solutions.
13. Can I transfer my existing loan to Ambika Finance Private Limited?
Yes, we offer loan balance transfer facilities. You can transfer your loan from another lender to Ambika Finance for lower interest rates and better repayment options.
14. How do I contact Ambika Finance Private Limited for assistance?
You can reach us via:
📞 Customer Support Hotline: [Your Contact Number]
📧 Email: [Your Email ID]
🌐 Website: [Your Website URL]
🏢 Visit Our Branch: Find the nearest branch on our website