Dot Net Programmer (Asp.net/vb.net/c#) / Comfyi Solution

Company Profile :

COMFYI SOLUTION proffers continuum Resource Management in various domains on IT, Software Services, ITES, NON IT & Finance across the Indian industrial segments.

Experience : 0 – 3 Years

Location : Chennai

Education : UG – Any Graduate – Any Specialization PG – Any PG Course – Any Specialization

Job Description :

To work in .net using any of Asp.net,Vb.net,C# on Windows based & Web based applications Development.
Developers with knowledge in any of vb.net,PHP,Asp.net & c#.net in wnforms or webforms,sql server & unit testing should apply for this.

Desired Candidate Profile :

Exp upto max 3 yr can apply.

Company Name : Comfyi Solution

Address :

# 1768 , i Block , 6th street 18th mainroad ,

Annanagar ( Opposite to Annanagar West Bus Depot )

CHENNAI, Tamilnadu, India 600040

Telephone : 91-44-9381278999

Walkin for Oracle Apps Dba / Yantro Software Pvt Ltd. / Chennai – FEB 15/16 – 2010

Company Name : Yantro Software Pvt Ltd.

Skills Required : Oracle10g, SQL

Experience : Freshers

Job Location : Chennai

Walkin Date : 15 February 2010 – 16 February 2010

Walkin Time : 11:00 a.m – 01:00 p.m

Job Description :

We have Opening For Only fresher Oracle Apps Dba.

Qualification : Any Degree.

Skills need : Oracle9i or 10g. SQL.

No.of Position : 1

Branch Location : Chennai

Interest Male Candidate Reach to Chennai Office.

Walkin Venue :
Yantro Software Private Limited

#9, beemasana garden street

R.H. Road, Mylapore, Chennai – 64

Looking for PHP Programmer at Bharat Memorials in Tamil Nadu

Company Name : Bharat Memorials

Job Country : India

Job Position : Looking for PHP Programmer

Job Location : State :- Tamil Nadu

City :- Chennai

Address :- 6/9 Corporation Complex, 3rd Cross St, R.A.Puram

Vacancy Type : Full Time

Gender Preference : Any [ Male / Female ]

Number Of Vacancy : 1-2

Industry Area : Computers/IT

Job Requirement

We are looking for an application developer who wants to become a long-term member of our small, successful team in Chennai. We need a programmer who can think fast, juggle multiple projects, and solve real-world problems with minimal assistance. If you are a focused self-starter comfortable working with a team, you will fit in well. If you take personal pride in doing the best work you can, you think like we do. If you find yourself coding in your sleep, you are perfect! You must have extensive knowledge of Object Oriented Programming concepts, PHP, HTML (without the help of an HTML WYSIWYG editor), JavaScript, CSS, MySQL & Ajax. You will be expected to plan, research, develop logic, code, test and deploy several Web projects with minimal assistance. You should know how to build a PHP web application from the ground up, as well as modify and build on existing code. You should know PHP & mySQL like the back of your hand.

Key Skills : PHP, HTML, CSS, AJAX, MySQL

Salary (Per Month) : Rs. 10,000-15,000

Work Experience : 2 – 3 Years

Qualification : Bachelor Degree, B.C.A, Master Degree

Company Profile

Bharat Memorials is An Online Community Dedicated to Help the Bereaved Pay Lasting Tributes to Their Loved Ones. Bharat Memorials Helps Bereaved Friends and Family to Build, Beautiful Online Virtual Memorials – Websites Specially Designed for Their Loved Ones Instantly.

Contact Details

Contact Person Name : Mr.Baskar

Year Of Establishment : 2007

Company Type : Private Ltd.

Number Of Employees : Below 20

Company Category : Employer

SEO Techniques All Top Web Sites Should Use

SEO is such a hot topic these days. How do you get your web site within the first page or two of the search engines? How do you increase your Google page rank?

There are companies who dedicate themselves full time to doing SEO at a pretty penny. Something a lot of people can’t necessarily afford to pay for or spend the time on.

However, there are some simple things you can do when building your site that will help increase your chances of having good results. In no particular order, below are 10 of these items…

1. Title Tag

Near the very top of a web site’s source code you’ll find various meta tags — the standard ones being the Title, Description and Keyword tags. The title tag is technically not a meta tag, though it is commonly associated with them. The title tag plays such a large role in the indexing of your web site, that it is considered the most important of the three.

A page title is the first thing a search engine will look at when determining just what the particular page is about. It is also the first thing potential visitors will see when looking at your search engine listing.

It’s important to include a keyword or two in the title tag — but don’t go overboard – you don’t want to do what’s known as “keyword stuffing” which does nothing but make your web site look like spam. Most people will include either the company name, or title of the particular page here, as well.

2. Meta Tags

There are two primary meta tags in terms of SEO — the description and the keyword tag. It’s debatable whether the search engines use the description tag as far as ranking your results. However it is one of the more important tags because it is listed in your search result — it is what users read when your link comes up and what makes them decide whether or not to click on your link.

Be sure to include a few relevant keywords in this tag, but don’t stuff it with keywords either. The description tag should read like a sentence — not a keyword list.

Due to “keyword stuffing” many search engines now completely disregard the keyword tag. It is no longer nearly as important as it was years ago, however it doesn’t hurt to include them in your source code.

When creating your keyword list, you’ll want to think of the specific terms people will type in when searching for a site like yours. Just don’t go overboard — too many duplicates are not a good thing (as in “web designer” “web designers” “custom web designer” “html web designer” “your state here web designer” – you get the idea). Those are all basically the same, so pick one or two variations at the most and move onto the next keyword.

3. Proper Use of Heading Tags

This is a very important element to consider when writing out your site copy. Use of heading tags helps users, web browsers and search engines alike know where the major key points of your copy are.

Your main page title should use the h1 tag — this shows what your page is about. Use of additional tags, such as h2 and h3 are equally important by helping to break down your copy. For one, you’ll see a visual break in the text. But as far as the search engines are concerned, it will automatically know what your topics are on a page. The various heading tags give a priority to the content and help index your site properly.

4. Alt Attributes on Images

Putting alt attributes on your images actually serves two purposes. In terms of SEO, putting a brief yet descriptive alt attribute along with your image, places additional relevant text to your source code that the search engines can see when indexing your site. The more relevant text on your page the better chance you have of achieving higher search engine rankings.

In addition, including image alt attributes help the visually impaired who access web sites using a screen reader. They can’t see the image, but with a descriptive alt attribute, they will be able to know what your image is.

5. Title Attributes on Links

Including title attributes on links is another important step that any good web site will have. That’s the little “tool tip” that pops up when you place your mouse over a link. These are especially important for image links, but equally useful for text links.

As a note, you should use descriptive text for your links. “Click here” doesn’t really tell a person – or more importantly, the search engines — what the link is. At the very least put a title tag that will explain that “Click Here” really means “Web Design Portfolio” for example. Better yet – make the main link text something like “View my web design portfolio” — this will give some value to the link showing that the resulting page is relevant to searches for portfolio’s.

6. XML Sitemap

My last post referenced the sitemaps used by web visitors to help them navigate through your site themselves. However, there’s another version — XML sitemaps — that are used by the search engines in order to index through your site, as well.

This list of ALL pages / posts / etc. of your site also includes information such as the date the page was last modified, as well as a priority number of what you feel the most important pages of your sites are. All elements that help the search engines properly find and link to all content of your site.

7. Relevant Content

Having content relevant to your main page or site topic is perhaps the most important SEO aspect of a page. You can put all the keywords you want in the meta tags and alt image tags, etc — but if the actual readable text on the page is not relevant to the target keywords, it ends up basically being a futile attempt.

While it is important to include as many keywords in your page copy as possible, it is equally as important for it to read well and make sense. I’m sure we’ve all seen keyword stuffed pages written by SEO companies that honestly don’t make much sense from the reader’s point of view.

When creating your site copy, just write naturally, explaining whatever information you’re discussing. The key is to make it relevant, and to have it make sense to the reader. Even if you trick the search engines into thinking your page is great — when a potential customer arrives at the site and can’t make heads or tails of your information and it just feels spammy to them — you can bet they’ll be clicking on the next web site within a matter of seconds.

8. Link Building

We’ve probably all heard of Google Page Rank — it seems to be every web site owner’s dream to have as high a page rank as possible. While the algorithm for determining page rank encompasses many elements, and is constantly changing, one item is the number of links pointing to your web site.

Now, you’ll want to steer clear of link farms and other spammy attempts at getting links to your site. However there are many reputable and niche directory sites that you can use to submit your web site, or specific blog articles to.

With genuine content — especially if you have a blog — you’ll be able to generate links with other web sites and blogs, as well. It’s somewhat of a give and take, in that if you link out to other sites, you’ll find sites linking back to you — and hopefully see your page rank going up, as well!

9. Social Media

Although technically not SEO, Social Media is such a growing factor in getting your web site noticed, that it’s an important element to include in your plan.

Social media ranges from social networks like Twitter, Facebook and LinkedIn — to social bookmarking sites such as Delicious, Digg, StumbleUpon and many more. There is a lot of relationship building involved, but as you build your own networks and build quality content on your web site or blog, you’ll see traffic to your web site increasing, as well.

As with any relationship, it is a give and take. Don’t just expect to join a site like Twitter for the pure sake of pushing your content. That just won’t fly — your true intentions will stick out like a sore thumb and do nothing but turn people off.

Even if you are on the site purely for networking reasons, the key is to make friends. Help out members of your network if they ask for a “retweet” or Digg, give helpful advice if asked, etc. You’ll see the same in return.

If you write a great post and have built meaningful relationships with peers in your niche, you’ll often find that friends will submit your posts and give you votes on the social bookmarking sites. The more votes you receive, the more likely your post is to be noticed by others and shared around, often resulting in additional link backs from other blogs, etc.

10. A Few SEO Don’ts — Flash and Splash
Along with any list of Do’s come the Don’ts. As far as SEO is concerned, two of these items are splash pages (often consisting of a flash animation) and all flash web sites.

Yes, flash is pretty! Full flash web sites can actually be amazing to look at — their own bit of interactive artwork. But unfortunately the search engines don’t get along well with Flash. Although there is talk of possible advancement in this area, for the most part the search engines cannot read Flash.

All that great content that you wrote for your site will not be seen by the search engines if it’s embedded into a Flash web site. As far as the search engines are concerned, your all flash web site might as well be invisible. And if the search engines can’t see your site content, a good chunk of potential customers will miss out on what you have to offer, too.

Equally as “pointless” are splash pages. Once very popular, the splash page should no longer be an important feature of any site. While splash pages used to serve as an introduction into a web site (often with a flash animation), it is no longer seen as helpful, and often times might actually annoy visitors.

For one — it’s an extra click to get into your content. Worse is when you don’t give a “skip intro” option or set of links into your main site content — because you’re essentially forcing your visitors to sit through the full animation. If you’re lucky, this will only annoy them… if not — they’ll just leave without giving your main web site a shot. And without an html link pointing into your site, the search engines have no way to continue either (unless you made use of a sitemap.xml file — but still…)

A good alternative to both issues is to make use of a flash header. There’s no problem to include a flash animation at the top of your main site, or as a feature within the content area, etc. Because this is an addition to your web site, as opposed to a full separate element.

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Internet Lifestyle – How to Achieve Your Desired Internet Lifestyle

What is an Internet lifestyle? If you have been into internet or affiliate marketing for a while, I am sure the term Internet lifestyle is nothing new to you. An internet lifestyle allows you to work from home or anywhere in the world as long as you have a laptop and internet connection. Also, leading an internet lifestyle means you have total control of your life and able to spend time doing what you love.

Living an Internet lifestyle is what all internet marketers strive to achieve. In order to live an Internet lifestyle, you must achieve a full time income online. Many people struggle to achieve a full time online income because they are always doing the wrong stuffs. They either promote products that do not sell or are always trying to come out with a new breakthrough idea.

In fact, your desired lifestyle is closer than you think. As long as you start doing the right stuffs, you can achieve your dream too.

So your next question may be what are the right stuffs? Now let me share with you a formula that has proven itself over and over again. If you follow it religiously, you can achieve success too. Here’s the formula:

1. Only promote products that are already in demand. By promoting products that people are already buying, you can be assured to get sales. The only question is how much sales you can get. And the number of sales you will get is very dependent on the amount of targeted traffic you can drive.

2. Copy an existing working business model. You do not need to reinvent the wheel. Many internet marketers always try to come out with the next big thing. If you do this, you are making things more difficult than it need to be.

3. Drive enough targeted traffic. The best way to drive lots of targeted traffic is to create unique content sites. Start creating content in profitable markets that targets people who are on the verge of buying. SEO your site and bring in consistent targeted traffic.

If you want to achieve your desired lifestyle, you need to be different from other marketers. And the key to make you different from others is to take ACTION. If you take action today and start building content sites in profitable markets, you will be definitely on the way to success.

Creating content sites that can bring you sales is not as hard as you think it is. In fact, you do not even need to have any HTML or technical knowledge to do it.

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Autoresponders: Affiliate Tools that Can Spell Success for Your Business

For those who are just starting out in the affiliate marketing business or those who just formed their own online businesses, not hearing about autoresponders and the wonders they can do is, if not impossible, then highly unlikely. This is because dozens of online marketing experts claim that affiliate tools such as autoresponders are key to making one’s business succeed. Some might scoff at the obvious hyping about autoresponders and rightly so. The success of any business rarely relies on one tool but a complementary mix of many.

However, autoresponders do have their purposes and they do help in making one’s business succeed. Below are more important facts about autoresponders and how one can use them to his or her own advantage.

Autoresponders are affiliate tools which are used to send e-mails automatically to addresses on a list. Autoresponders are actually software programs that allows business owners to send e-mails which
contain varied information, such as sales, new products, even thank you notes to anyone and everyone in their mailing list.

The important part here is that autoresponders can do the task automatically so whether business owners are on vacation or just away from their desk, the affiliate tools can continue sending information to the list. What the owner needs to do is create the e-mails and set up the time that they are to be sent. There are three types of autoresponders available for anyone’s use. The first type are those that are provided by third party services. One has to sign up and pay an amount to be able to use
the service.

Once an account has been set up, the owner can create the e-mails, design, and dates they will be sent. The second type of autoresponders are those that are part of scripts on a web server. Some web providers already have the autoresponder option set up. The last type of these affiliate tools are those that one needs to install on their computers, usually through purchasing the software from some
company.

The best autoresponder affiliate tools can be purchased from several companies or be used with a monthly fee. For example, TrafficWave offers unlimited autoresponder service plus additional features such as ad trackers, lead generation pages, pre-built email templates and more for only $17.95 per month. Aweber also offers the same services plus tools to build one’s email subscriber list for $19 per month. The importance of autoresponders, although sometimes highly exaggerated, should not be underestimated. They can catapult one’s sales to the highest numbers if properly used. This is because one can use them to send enticing information to prospects who most likely will buy the products. Sales are also improved due to the fact that one’s online presence is never forgotten since e-mails can be sent at all times.

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How to Use the Incredible Cragslist Site to Promote Your Business

The internet has provided innumerable avenues for businesses to grow. Now thanks to concentrated sites like Craigslist, promoting a business is easier than ever and reaches more potential clients than ever before. This site, when correctly used, has the potential to help even the smallest businesses see their business grow exponentially, and it helps the larger business continue to compete with their big counterparts. But to effectively use Craigslist, marketing directors and business owners should consider two specific things: their target audience and their marketing strategy.

The Target Audience

Businesses should know who their clients are. They should have an idea in their mind of the ideal client, or in a word, their target audience. Then they should aim to reach that target audience by using the correct advertising category on Craigslist. Craigslist offers free postings to the majority of their clients except for those listing jobs in New York City, Los Angeles and the San Francisco Bay area. Thus small business will find their best clients on Craigslist if they just pick the right advertising category.

Consider this: what if a moving company in Portland Oregon posted its advertisement for moving services for a county in Arizona. That just wouldn’t make sense. Instead, the moving company should post their advertisement for the counties that they will serve. Thus if I am preparing to move and I check out Craigslist for possible movers, I can easily find this particular company that will serve my needs in my county.

Craigslist also has a plethora of benefits like a huge audience: they boast of over 4 billion hits a month. In the end, though, the number of views really doesn’t matter if they’re not finding your business in the right spot. So make sure to place your advertisement in the best possible category to reach your ideal customer.

Effective Marketing

A market engineer should use his skills for Craigslist much like he would in any other realm. Great marketing begins with a well written promotional copy, so spend the money and hire a freelance writer who can put together a solid promotion for your company. And then, as stated before, post it in the best possible place on Craigslist. The promotional copy should include information like how to reach your store, how to access your business website, and what specific services your business offers.

Ultimately, a person has all he needs for worldwide promotion the second that he logs onto Craigslist. This site has helped thousands of business not only get started but stay active in the business world, and with a well written promotional copy and correct advertising placement, you will see your business thrive with an investment on Craigslist today.

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Getting Loan Against Home in India or the mortgage of home

Loan against home connotes a loan that is given or disbursed against the mortgage of home, as a certain percentage of market value of the property. Generally, the loan amount that is sanctioned ranges from 40% to 70% of the market value, with a minimum threshold limit of Rs 2 lakh. A loan against home works out to be much cheaper than personal loan. The rate is lower because the lending entity has a security in the form of the housing mortgage vis-à-vis a personal loan that is given without any security.

The tenure for repaying loan against home has an upper limit of 10 years. The loan can be taken for any purpose and the customer is not required to disclose the motive behind the loan, to the lending authority. The criteria for loan against home are same as that of a home loan. Part prepayment as well as full prepayment of the loan is generally allowed by most lending institutions, though with a charge. Loan against property is available in case of both residential and commercial property. Many housing finance companies allow individuals to take loan against home even if they have taken a housing loan from them.

Amount Of Loan Depends Upon

Your income, savings, debt obligations

Cost/value of the property mortgaged

Your repayment track record for other loans, credit cards, etc

Number of years in service/ business

Eligibility Criteria

Salaried Individuals

Minimum Age of Applicant: 21 years

Maximum Age of Applicant at the Time of Loan Maturity: 60 years

Minimum Net Monthly Income: Rs 12,000 per month

Self-employed Individuals

Minimum Age of Applicant: 21 years

Maximum Age of applicant at the Time of Loan Maturity: 65 years

Minimum Annual Income: Rs 1,50,000 per year

Documents Required

Proof of Residence (Copy of Ration Card/ Telephone Bill/ Electricity Bill/ Voters Card)

Proof of Identity – (Copy of Voters Card/ Drivers License/ Employers Card)

Bank Statement / Passbook, for past 6 months (where salary/ income is credited)

Salary Slip for last 3 months, with all deductions

Form 16 for the last 2 years

Copy of all Property Documents

In case of self employed professionals, apart from the above documents, certified financial statement for last 2 years is required
Two passport size photographs

Other Details

Generally, loan processing charge of 2% is levied.

Pre-payment is allowed after 6 months. Generally, prepayment charge equivalent to 4% of the outstanding principal is levied.
In most of the cases, the minimum amount of loan against property is Rs 25,000 and the maximum amount is Rs 1.5 crore (Rs 15 million).

The charges that might apply in case of loan against property are processing fee, pre-payment fee, charges for changing from fixed to floating rate of interest and charges for changing from floating to fixed rate of interest.

Business loans to self employed professionals, firms and corporations

Business loans are available to self employed professionals, firms and corporations, to meet their operating expenses, finance capital expenditure (or acquisition of fixed assets) towards starting or expanding a business. Even industrial units are given business loans, to swap existing high-cost debt from other bank / financial institution. Apart from providing funding, bank can also issue letters of credit or give a guarantee, on behalf of the customer, to the suppliers and even government departments, for the procurement of goods and services on credit.

The maximum amount of business loan that can be sanctioned varies from bank to bank. However, the minimum loan amount is Rs. 25000 and maximum loan tenure is 5 years. Generally, no security is required for business credit up to a certain limit. For business loans above the limit, banks usually require a collateral security or a percentage of business loans as margin, in the form of fixed deposit with the bank. Business loans are similar to an overdraft and are available like a limit on current account. In this case, the interest is charged only on the actual amount utilized, rather the entire amount of loan.

Types of Business Loans

Professional Loans

Professional loans, as their very name suggests, are provided to self employed professionals like Doctor, Chartered Accountant, Interior Decorator, Architect, Company Secretary, etc. Unsecured in nature, this type of loan is not given to manufacturing, trading or processing units. The amount of loan varies between Rs. 25000 to Rs. 25 lakh, considering the age of the applicant, his financial standing, his repayment capacity, tenure of the loan (maximum 5 years), etc.

In case of professional loans, the rate of interest depends upon the prime lending rate, is calculated on diminishing balance and can be on the fixed as well as fluctuating basis. In many cases, it depends upon the customer’s profile and his financial capacity. The payment is made through EMIs and in only a few cases, tangible collateral security is required. Most of the finance companies also charge a process fee, usually 1% of the loan amount.

Documents Required

Proof of Identity (Passport Copy/ Voters ID Card/ Driving License)

Address Proof (Ration Card/ Telephone Bill/ /Electricity Bill/ Passport)

Bank Statements (latest 6 months bank statement /passbook)

Latest ITR, along with computation of income

Balance Sheet & P&L Account for the last 2 yrs, certified by a CA

Qualification Proof of the Highest Professional Degree

Proof of Continuation (Trade license /Establishment /Sales Tax Certificate)

Other Mandatory Documents (Sole Proprietorship – Declaration, Partnership – Copy of Partnership Deed, Apart from Copy of MOA, AOA & Board Resolution)

Two passport size photographs

Trade Loans

Trade loans are provided to traders/ businessmen, so as to help them either open a new business or operate/expand an existing one. The amount of loan varies between Rs. 25000 to Rs. 100 lakh, considering the age of the customer, his financial standing, his repayment capacity, tenure of the loan, etc. The maximum duration for which the loan is given is 5 years and it has to be repaid through Equated Monthly Installments or EMI.

The rate of interest depends upon the prime lending rate and can be offered on the fixed as well as fluctuating basis. There are many banks that require customers to furnish collateral security for the loan, in the form of mortgage of land (not agricultural land) and building. Apart from that, National Savings Certificates, Government Bonds, Bank’s Term Deposits, Assignment of Life Insurance Policies, Approved Shares & Bonds (in the name of borrower/proprietor/partner/director) are also acceptable.

Type of Concerns Given Business Loan

Sole Proprietorships

Partnerships

Private Limited Companies

Documents Required

Sole Proprietorship / Partnership Firm

Proof of Identity (Copy of Sales Tax / VAT /Service Tax / Excise Registration Receipt OR Registration under Shops and Establishment Act OR PAN ID / IT Return of the Concern OR Water / Electricity / Municipal Tax Bill in the Name of the Concern OR MAPIN Card in the Name of the Concern)

Proof of Individual Identity (Copy of Passport/Voter’s Identity Card/Photo PAN Card/Driving License/MAPIN Card)
Proof of Residence Address (Copy of Passport/Voter’s Identity Card/Driving License/Ration Card/Life Insurance Policy/Electricity Bill/Telephone Bill)

PAN Number/Form 60 of the Concern

Financial Documents (Copy of P & L Account and Balance Sheet for last two years, audited by a CA and Copies of IT returns for the last two years)

Bank Statements for last 6 months

Partnership Deed (Required only in case of Partnership Firm)

Proof of Place of Business

Two passport size photographs

Private Limited Company

Proof of Identity (Copy of Sales Tax / VAT /Service Tax / Excise Registration OR Registration under Shops and Establishment Act OR PAN ID / IT Return of the Concern OR Water / Electricity / Municipal Tax Bill in the Name of the Concern OR MAPIN Card in the Name of the Concern)

Memorandum and Articles of Association (Copy of Certificate of Incorporation)

Board Resolution (Copy of Annual Return establishing the shareholding pattern)

Proof of Individual Identity for the authorized signatories and 2 directors, including the managing director (Copy of Passport/Voter’s Identity Card/Photo PAN Card/Driving License/MAPIN Card)

List of Directors

Copy of Form 32 filed with ROC

PAN Card / Form 60 of the Concern

Financial Documents (Copy of P & L and Balance Sheet for last two years, audited by a CA, and Copies of IT returns for the last two years)

Bank Statements for last 6 months

Proof of Place of Business

Two passport size photographs

More Information

Short-term Loans

Used for short-term working capital requirements and paid within 1 year.

Intermediate Loans

Used for new business, to build inventory, buy equipment or increase working capital, and paid between 1 and 3 years.

Long-term Loans

Used for well established business, to increase fixed assets, for related business acquisitions or expansion, and paid between 3 and 5 years. At times, used for start-up business, to purchase land or buildings, fund construction efforts or finance long-term working capital.

Note
Two types of charges might be levied in case of business loan – processing fee and Pre-payment fee. Processing fee is payable at the time of processing of loan application. Pre-payment fee is payable in case you decide to pre-close your loan account, by paying the entire/part of the loan before it is due.

auto loan – check out the various finance schemes available

With a plethora of auto loan opportunities available in India these days, it is now possible for you to buy your dream car within a matter of days. No need to save up money for making complete down payment at the time of buying. Just gather enough amount for the initial payment and pay the rest in easy installments, by taking up a loan. The best part about auto financing is that, apart from the new cars, loans are available for old cars as well.

After you have decided to take an auto loan, check out the various finance schemes available in the market. After undertaking a thorough research of each and every scheme, you will need to pick the one that suits you the most, in terms of interest rate, monthly installments, duration, and so on. The size of the loan will depend upon the cost of the vehicle and its type (standard or premium), along with the percentage financing you want or are being offered.

In case of a new car, up to 90% of cost of the car is finance, while the percentage gets reduced to 80% in case of old car. However, the financiers might have different terms for different models. For example, Maruti 800 has a high resale value. In case the buyer defaults and the finance company has to sell the car, to get back their loan amount, it would be able to get a higher value. Therefore, the finance company may give higher percentage of finance in such a case.

There is no necessity for any collateral to get a car loan. Usually, the bank or finance company hypothecates the car in its name. The endorsement for hypothecation is made in the Registration Certificate (RC) book of the vehicle, which gets cancelled after the loan is repaid. Usually the tenure of auto loan varies from 1 to 5 years. However, there are some banks with schemes that offer loans for 7 years as well.

General Features

In case of a new car, loan amount is up to 90% of cost of the car.

In case of used car, loan amount is up to 80% of the car.

The maximum loan amount is up to 3 times the annual salary (for salaried professionals) or 6 times the annual income (for self employed professionals).

Banks generally offer a preferential treatment to their existing customers. If you have savings or current account with a bank, it is easier to get the loan and you might also get preference in terms of rate of interest.

Loan is given for a period of 1 to 5 years.

If you want to go for an early settlement of the loan amount, certain charges are taken as a penalty.

For the purpose of auto loan, the interest is calculated on compound basis.

There is also a minimum amount of auto loan that you have to take from finance money.

In case you have been declared bankrupt, applied for bankruptcy, defaulted in some loan in the past or a court case pending against you, it will be very difficult for you to get an auto loan.

The rate of interest for an auto loan differs from one bank to the other, while the minimum is somewhere around 10-11 percent.

Eligibility Criteria

Minimum Age of Applicant While Applying For Loan: 21 years

Maximum Age of Applicant at Loan Maturity: 58 years

Minimum Employment: 1 year in current employment and minimum 2 years of employment in general

Minimum Annual Income: Rs 100,000 (net)

Telephone: Must at Residence

Documents Required

Proof of Identity (Copy of Passport, PAN Card, Voters ID Card or Driving License)

Income Proof (Latest salary slip with form 16 – for salaried individuals or IT returns for the last two financial years – for self employed individuals and professionals)

Address Proof (Copy of Ration Card/Driving License/Voters Card/Passport /Telephone Bill/ Electricity Bill/Life Insurance Policy/ Pan Card)

Bank Statement (For the last 6 months)

Two passport size photographs

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