Karvy Finance

Karvy Group is one of the most prominent financial service providers in India with a diversified bouquet of financial products. The product portfolio includes various financial services,  data processing and managing segments. Most of the financial services offered by Karvy are retail focused.

The Karvy group is ranked in top-5 financial services provider in the country across all its business segments. The Karvy Group currently serves more than 70 million retail investors & more than 600 corporate houses which include some of the most renowned names of Corporate India.

Amongst the various products offered by Karvy, some of the most prominent are stock broking, Distribution of financial products (such as mutual funds, Fixed deposit & bonds), depository participant, commodities broking, Advisory services, Personal finance, corporate finance Merchant banking &wealth management, Data management, Registrar and Transfer agents, Forex and currencies, Market Research and  Data Analytics

Group of companies under Karvy:

• Karvy Stock Broking LTD
• Karvy Comtrade LTD
• Karvy Capital LTD( Formerly Karvy Capital Private LTD)
• Karvy Investment Advisory Services LTD
• Karvy Holdings LTD
• Karvy Middle East LLC
• Karvy Realty (India) LTD
• Karvy Financial Services LTD
• Karvy Insurance Repository LTD
• Karvy Forex & Currencies Private LTD
• Karvy Consultants LTD
• Karvy Computer share Private LTD
• Karvy Computer share W.L.L
• Karvy Investor Services LTD
• Karvy Insights LTD
• Karvy Analytics LTD
• Karvy Solar Power LTD
• Karvy Global Services LTD
• Karvy Global Services Inc, USA
• Karvy Inc, USA

Karvy Financial Services Limited offers a wide gamut of financial products. The products are not only customer centric but also backed by a service oriented approach with a leading edge technology, a wide network of branches and  Professional management across India.

Karvy Gold loans

FEATURES AND BENEFITS:

• Loan is available in quick time against the gold jewelry or  ornaments of 20 karats and above
• The Loan Tenor is fixed for  12 Months
• Flexible interest repayment option to choose between 30 days , 90  days and  180 days
• Minimum Loan Amount is Rs.3000, and it can be disbursed instantly as cash
• Safe and Secure Storage of the valued gold Items
• Customized schemes to suit the financial requirements of applicant

Karvy Small Commercial Vehicle Loan

FEATURES AND BENEFITS

• Loans amount from 1 lakh onwards
• Quick & hassle free approvals
• Various schemes for both new & used vehicles
• Minimum documentation and quick disbursal
• Multiple repayment options
• Highest funding against ex-showroom price
• Best in market interest rate
• smart schemes to suit the needs of the borrower
• Quick sanction & disbursement of loan
• Personalized customer service
• Minimum documentation process

Business Loan against Property

Any business needs a regular flow of working capital and at times the requirement of cash is immediate and  comes unexpectedly, Karvy Finance Secured Business Loans against Property is one such financial aid for running the business smoothly.

• Loan against property offered by Karvy can be utilized for any personal or business related financial needs. The loan is offered to Individuals, business owner firms and Private limited companies
• The purpose of the loan could be anything such as requirement working capital in the business or buying a land or even renovating the home.
• The loan can be availed by Individuals, Partnership firms, Proprietorship or private limited companies
• The applicant should be a resident of India aged between 21 years and 75 years
• The application needs to be made jointly by 2 individuals
• The loan is granted against collateral of any residential  or commercial property
• The income criteria for salaried individuals are minimum 2.5 lakhs per annum with at least2 years’ work experience.
• For self-employed individuals, the minimum annual income of Rs. 1.5 lakhs is mandatory and should have minimum 3 years of business operations.
• The loan is offered as secured loan for a particular term.
• Loan Tenor is available for up to 15 years
• Loan Amount from 5 Lakh up to 2 crores is offered
• Best income assessment for the loan
• One can get minimum 60% of the property value as per the current market value of that property.
• The loan amount also depends on the loan term as well as nature & condition of the property.
• The loan repayment capacity is also one of the main criteria for determining the loan amount.

 For Salaried Individuals

Age Proof – any one of the following

• Pan Card
• Passport
• Driving license
• Class X marks card
• Aadhar Card

Address proof – Any one of the following

• Passport copy
• Driving license
• Ration card
• Electricity bill
• Any other utility bill
• Aadhar Card

Income Proof

• Bank account statement for last 2 years.
• Last 3 Months salary slip
• Last 2-year ITR
• Joining letter from current company

Property documents

• A Brief write up on the securities charged for any other loans on the existing property from any Bank, Housing finance or other Companies or any other sources.
• Sale Agreement / Sale Deed, Original Share Certificate as issued by corporative housing society.
• Land & Building tax receipts, location sketch of the property, possession certificate, other certificates issued by the revenue authorities.
• Allotment Letter of any Housing Board / Private builder.
• Advance payments receipt for the purchase of a new flat.
• Non-encumbrance certificate.
• Original land tax receipt and the possession certificate by revenue authorities.
• Original NOC under the ULC Act of 1976.
• Letter from the society / Builder /Housing Board on their account number and the name of bankers towards remittance of installments.

Read Also: Encumbrance Certificate

For self-employed Individuals

Age Proof – any one of the following

• Pan Card
•  Passport
• Driving license
• Class X marks card
• Aadhar Card

Address proof – Any one of the following

• Passport copy
• Driving license
• Ration card
• Electricity bill
• Any other utility bill
• Aadhar Card

Income Proof

• Last 3 years Income Tax returns
• Financial statements for last 2 year
• Last 3 Months salary slip
• Last 2-year ITR
• Joining letter from current company

Property documents

• A Brief write up on the securities charged for any other loans on the existing property from any Bank, Housing or other Companies or any other sources.
• Sale Agreement / Sale Deed, Original Share Certificate as issued by corporative housing society.
• Land & Building tax receipts, location sketch of the property, possession certificate, other certificates issued by the revenue authorities.
• Allotment Letter of any Housing Board / Private builder.
• Advance payments receipt for the purchase of a new flat.
• Non-encumbrance certificate.
• Original land tax receipt and the possession certificate by revenue authorities.
• Original NOC under the ULC Act of 1976.
• Letter from the society / Builder /Housing Board on their account number and the name of bankers towards remittance of installments.

For Sole proprietorship / Partnership / Pvt. Limited companies

• Pan card of proprietor
• Partnership registration Certificate
• Partnership Deed
•  Memorandum and Articles of Association
• Certificate of Incorporation
• One Address proof from Passport or Utilities Bill in name of firm,
• ITR for last 2 years
• Proof of ID as applicable
• A board resolution from the Directors
• Company financial statements for last 2 years

Property documents

• A Brief write up on the securities charged for any other loans on the existing property from any Bank, Housing or other Companies or any other sources.
• Sale Agreement / Sale Deed, Original Share Certificate as issued by corporative housing society.
• Land & Building tax receipts, location sketch of the property, possession certificate, other certificates issued by the revenue authorities.
• Allotment Letter of any Housing Board / Private builder.
• Advance payments receipt for the purchase of a new flat.
• Non-encumbrance certificate.
• Original land tax receipt and the possession certificate by revenue authorities.
• Original NOC under the ULC Act of 1976.
• Letter from the society / Builder /Housing Board on their account number and the name of bankers towards remittance of installments.

• Administration fees:  Rs. 5000
• Processing fee:  3% of the loan sanction amount
• EMI bouncing charges:  Rs. 500 plus service tax for each case
• Late payment charges:  3% of EMI amount PM
• Prepayment Charge – No prepayment charge is applicable for loan availed on Floating rate of interest. for fixed interest rate, the prepayment would be charged @ 3% on the prepayment amount
• Foreclosure charges: No foreclosure charge is applicable for loan availed on Floating rate of interest. for fixed interest rate, the foreclosure  would be charged @ 5 % on the prepayment amount

Money Transfer

• With Karvy Money Transfer gateway one can transfer an amount to their family & friends within seconds across India
• The option easy money transfers available to any location in India & within seconds
• It’s a Hassle Free process & the registration process is quite simple.
• This Service is available at select branches of Karvy across India
• Amount is transferred through NEFT / RTGS or IMPS

Credit Health Report

• An individual or company can get their Credit Health Report from Karvy
• Post obtaining report, they may also attend counselling session with the experts at Karvy to improve their credit score
• The process is quite simple & is done in an easy registration Process
• The Service is available at all the branches of Karvy across India