Frequently Asked Questions

Find answers to common questions about our services

General Questions

Shri Shyam Associate is a trusted financial services provider offering comprehensive loan and insurance solutions. We provide Home Loans, Personal Loans, Business Loans, Vehicle Loans, Education Loans, Marriage Loans, Loan Against Property, Loan Against LIC Policy, KCC Loans, Insurance Services, and ITR Filing services. Our motto is "No Advance Fees, Minimum Documents" with quick approval processes.

No, we never charge any advance fees. This is our core commitment to our customers. You pay only after your loan is approved and disbursed. Any company asking for advance fees is likely fraudulent, and we recommend avoiding such offers.

Our streamlined process ensures quick approval within 24-48 hours for most loan applications. The exact time may vary depending on the loan type, amount, and completeness of documentation provided. We pride ourselves on efficient processing and quick turnaround times.

Loan Eligibility

Basic eligibility criteria include:
  • Age: 21-65 years for salaried individuals, 25-70 years for self-employed
  • Minimum monthly income: ₹15,000 for salaried, ₹25,000 for self-employed
  • Employment stability: 2+ years in current job/business
  • Good credit score (preferably 650+)
  • Valid identity and address proofs
Specific requirements may vary by loan type and amount.

We accept the following property types for loans:
  • Registered Residential Plots
  • Society Lease Plots
  • Panchayat/Revenue Lease Plots
  • Village Panchayat Lease
  • Commercial Properties
  • Agricultural Land (for KCC loans)
All properties must have clear titles and proper documentation.

While a good credit score (650+) is preferred, we understand that circumstances vary. We evaluate applications holistically, considering factors like income stability, employment history, and collateral. For secured loans (against property), we may consider applications with lower credit scores. Contact us to discuss your specific situation.

Documentation Requirements

Basic Documents:
  • Identity Proof: Aadhar Card, PAN Card, Passport, etc.
  • Address Proof: Aadhar Card, Utility Bills, Rent Agreement
  • Income Proof: Salary slips, Bank statements, ITR
  • Employment Proof: Employment letter, Business registration
Additional for Property Loans:
  • Property documents (Sale deed, Title deed, etc.)
  • Property valuation report
  • NOC from society/authorities

No, you don't need to submit original documents initially. Self-attested photocopies are sufficient for the application process. Original documents are only required for verification at the time of loan disbursement and will be returned to you immediately after verification.

Don't worry! We work with minimal documentation and can guide you on alternative documents. Our team will help you understand what's absolutely essential and what can be substituted. We believe in making the process as simple as possible for our customers.

Application Process

Simple 3-step process:
  1. Fill Application: Complete our online application form or contact us via WhatsApp
  2. Document Submission: Submit required documents (photocopies are fine)
  3. Quick Approval: Get approval within 24-48 hours and receive funds
You can start by clicking "Apply Now" on our website or messaging us directly on WhatsApp for immediate assistance.

Yes! We provide regular updates on your application status via WhatsApp and phone calls. Our team maintains constant communication throughout the process, so you're always informed about the progress of your loan application.

After approval:
  • You'll receive a loan sanction letter with terms and conditions
  • Legal documentation and agreement signing
  • Final verification of original documents
  • Loan amount disbursement to your bank account
  • EMI schedule and repayment instructions
The entire process from approval to disbursement typically takes 2-3 working days.

Interest Rates & Fees

Interest rates vary based on loan type, amount, tenure, and your profile:
  • Home Loans: Starting from 8.5% per annum
  • Personal Loans: Starting from 11% per annum
  • Business Loans: Starting from 12% per annum
  • Vehicle Loans: Starting from 9% per annum
  • Loan Against Property: Starting from 10% per annum
Final rates depend on your credit profile and loan specifics. Contact us for personalized quotes.

No hidden charges! We believe in complete transparency. All fees and charges are clearly mentioned in your loan agreement:
  • Processing fees (if any) are disclosed upfront
  • No prepayment penalties on most loans
  • Clear EMI structure with no hidden components
  • All charges are as per RBI guidelines
We provide a complete cost breakdown before you sign any agreement.

Repayment

We offer flexible repayment options:
  • EMI (Equated Monthly Installments): Fixed monthly payments
  • Auto-debit: Automatic deduction from your bank account
  • Online payments: Through net banking, mobile apps
  • Cheque payments: Post-dated cheques
  • Prepayment: Part or full prepayment options available
Tenure ranges from 1-30 years depending on loan type.

If you miss an EMI payment:
  • Late payment charges may apply as per loan agreement
  • It may impact your credit score
  • Our team will contact you to understand the situation
  • We offer restructuring options in genuine hardship cases
We recommend contacting us immediately if you anticipate payment difficulties.

Still Have Questions?

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