Frequently Asked Questions
1. What types of loans do you provide?
We provide Personal Loan, Business Loan, Startup Loan, MSME Loan, Home Loan, Loan Against Property, Vehicle Loan, Credit Card assistance, Balance Transfer and Working Capital solutions.
2. What documents are required for loan approval?
Basic KYC documents such as Aadhar Card, PAN Card, Address Proof, Income Proof, Bank Statements and additional property or business documents depending on loan type.
3. How long does loan approval take?
Loan approval usually takes 24 to 72 hours depending on documentation and bank verification process.
4. What is the minimum CIBIL score required?
Generally, a CIBIL score above 700 is preferred. However, we also assist customers with lower scores based on eligibility.
5. Can I apply for multiple loans?
Yes, but eligibility depends on your income, repayment capacity and existing liabilities.
6. Do you charge any upfront fees?
We maintain full transparency. Any processing fees depend on bank policies and are clearly communicated before processing.
7. What is Balance Transfer facility?
Balance Transfer allows you to shift your existing loan to another bank at lower interest rate to reduce EMI burden.
8. Can self-employed persons apply?
Yes, self-employed individuals and business owners can apply by submitting ITR, GST returns and business proof.
9. Is prepayment allowed?
Prepayment facility depends on bank terms. Some banks allow part payment or foreclosure after a specific tenure.
10. How can I contact Asmita Enterprises?
You can contact us through our Apply Now form, call directly or WhatsApp for quick assistance.