Loan Consultant in Mumbai: Home, Business, Personal and Other Loans
We prepare your loan file, compare offers from banks and NBFCs, and stay with you from the first document to the final disbursement.
A loan file that a lender says yes to
KC Shah & Associates works as your loan consultant, with a Chartered Accountant preparing and following up your application. Most loan delays and rejections come from the file, not the borrower: income that does not show up the way the lender reads it, a missing document, or an application sent to a lender whose policy does not fit your profile. As Chartered Accountants we read your income and financial statements the way a credit officer does, fix the gaps before the file goes in, and send it to the lenders most likely to approve it on good terms.
Not sure how much you can borrow? Try our free loan eligibility calculator and EMI calculator first.
Loans we help with
Home loan
Ready, under-construction or resale homes, plot plus construction, or building on your own land.
Loan against property
Funds for business or personal needs, secured on residential or commercial property you own.
Business and MSME loans
Term loans, cash credit and overdraft limits, machinery finance and collateral-free MSME loans, with CMA data and projections.
Balance transfer and top-up
Moving an existing loan to a lender with a lower rate, with an optional top-up.
Car and vehicle loans
New and used cars, and commercial vehicles for your business.
Personal loan
Unsecured loans for salaried and self-employed borrowers, based on income and credit history.
Education loan
Studies in India or abroad, with a parent or guardian as co-borrower.
Working capital renewal
Annual renewal and enhancement of existing bank limits, with the stock statements and financials the bank asks for.
How the process works
- Eligibility review. We look at your income, existing loans, credit report and any security offered, and tell you a realistic loan amount before you commit to a purchase or a project.
- Document checklist and file preparation. A checklist made for your case, then a complete, consistent file: income documents, financial statements, bank statements, KYC and security papers.
- Lender comparison. We compare the interest rate, processing fee, reset terms, prepayment conditions and security required by lenders that suit your profile, so you choose with the full cost in front of you.
- Application and follow-up. We submit the file and handle the lender's questions, the legal and valuation checks on any property, and further documents.
- Sanction letter review. Before you accept, we check the amount, rate type and benchmark, tenure, charges, security and covenants.
- Disbursement. We coordinate documentation and disbursement, including stage-wise payments for under-construction property and limit set-up for business loans.
Why business owners and professionals need a CA
For a salaried applicant the lender reads a salary slip. For a business owner or professional it reads the income tax returns and financial statements, and only what is declared there counts. Lenders typically average two or three years of ITRs, add back items such as depreciation, and look for steady or growing profit. For business loans they also want projections and a CMA report. We:
- prepare and review the ITRs, profit and loss account and balance sheet the lender will rely on;
- reconcile turnover in GST returns, bank statements and ITRs so there are no questions;
- prepare CMA data, projected financials and the project report for business and machinery loans;
- explain one-off losses or unusual years in a note the credit team can accept;
- plan future returns well ahead of a loan application, through our income tax filing service.
Documents you will usually need
| Salaried | Self-employed and businesses | Depending on the loan |
|---|---|---|
| PAN, Aadhaar, photographs | PAN and Aadhaar of owners; PAN, incorporation or partnership documents of the business | Home loan: agreement for sale, title documents, approved plan, occupancy certificate |
| Last 3 months' salary slips | ITRs with computation for 2 - 3 years | Loan against property: title chain and property tax receipts |
| Form 16 or ITRs for 2 years | Audited or CA-certified financial statements | Business loan: CMA data, projections, stock and debtors statement |
| Bank statements for 6 months | Bank statements for 6 - 12 months | Vehicle loan: proforma invoice from the dealer |
| Employment letter for a recent job change | GST registration and returns, Udyam registration or shop licence | Education loan: admission letter, fee schedule, co-borrower's income proof |
Each lender's list differs slightly; we give you the exact list once we know the lender and the loan.
Common reasons loans are rejected
- Low credit score or recent missed EMIs and credit card dues.
- EMIs too high for the income: existing loans already use most of the lender's FOIR limit.
- Income not reflected in the ITR for self-employed applicants, or turnover that does not match GST returns.
- Short job or business history, or a very recent job change.
- Security issues: unclear title, unapproved construction or a missing occupancy certificate.
- Too many applications in a short time, each of which shows as an enquiry on your credit report.
Most of these can be fixed or worked around if they are spotted before you apply.
Who handles your file
Your application is overseen by CA Karan Shah, a Chartered Accountant (ICAI Membership No. 190724), IBBI Registered Valuer and CFA Level 3 candidate, who works with banks on CMA reports, project finance and valuations for businesses in Mumbai.
Our fees
The first consultation is free. If you decide to go ahead, we agree the scope of work and our fee with you before we start, so there are no surprises.
Plan with our free loan calculators
- Loan Eligibility Calculator - the maximum home loan on your salary, age and property value.
- EMI Calculator - monthly EMI and a yearly amortisation schedule for any loan.
- Loan Tenure Calculator - how long a loan takes to repay at the EMI you choose.
Frequently Asked Questions
Home loans, loans against property, business and MSME loans including working capital and machinery finance, balance transfers and top-ups, car and vehicle loans, personal loans and education loans.
An eligibility review, a document checklist and file preparation, comparison of lenders that suit your profile, submission and follow-up with the lender, review of the sanction letter and coordination of disbursement.
No one can promise the lowest rate, because each lender prices a loan on your credit score, income, loan amount and security. We compare the lenders that suit your profile and help you present a strong file, so you get the best rate you qualify for.
Yes. Lenders look at two or three years of ITRs and financial statements. As your CA we make sure these show your real income clearly and consistently, which is the most common reason self-employed applications are delayed or reduced.
Yes. We prepare CMA data, projected financial statements and project reports for term loans, working capital limits and their annual renewal. See our corporate finance page for larger funding needs.
Personal and vehicle loans can be sanctioned in days. Home loans usually take one to three weeks from a complete file, and business loans two to six weeks depending on the amount and security. Most delays come from missing documents, which is what our preparation avoids.
Yes. Document preparation and lender coordination can be done online for borrowers anywhere in India, with meetings in Mumbai or by video call.