Welcome to Balarka Money Matters
Your Trusted Loan Consulting Partner
Who We Are
At Balarka Money Matters, we offer a wide range of financial services tailored to meet the needs of both new and existing businesses. We are dedicated to simplifying the loan process for individuals and businesses. Whether you’re looking for a mortgage, personal loan, or business financing, our team of experienced loan consultants is here to guide you every step of the way. We offer tailored solutions that meet your unique financial needs, providing expert advice that ensures you get the best loan terms possible. We collaborate with private investors, banks, and NBFCs across India to provide you with the most competitive rates and terms available.
Why Choose Us
Expert Guidance
With years of industry experience, our consultants are well-versed in a wide range of loan products and lenders.
Tailored Solutions
We take the time to understand your financial goals and recommend loan options that align with your needs and budget.
Fast & Efficient Process
We streamline the loan application process, saving you time and eliminating the guesswork.
Wide Network of Lenders
Our strong relationships with top lenders allow us to offer competitive rates and flexible terms.
Our Services
Mortgage Loans
Whether it’s your first home or an investment property, we’ll find the right mortgage for you.
Personal Loans
Get the funds you need for debt consolidation, home improvement, or any other personal expenses.
Business Loans
From startup capital to expansion funding, we help businesses secure financing to fuel growth.
Refinancing
Save money or adjust your loan terms by refinancing your existing loans with better rates and conditions.
Expertise and Tailored Solutions
Our team of financial experts is dedicated to securing the best possible loan offers for our clients. We specialize in navigating the complexities of the financial landscape to find the most advantageous schemes from banks and NBFCs. Whether you’re a business or an individual, we work to understand your specific needs and ensure you receive the best financial solution.
Personalized Loan Assistance
For first-time borrowers, navigating the loan process can be daunting. Important factors such as ROI, processing fees, and repayment timelines can easily be overlooked. Our team at [Your Company Name] provides thorough guidance, helping you make informed decisions and assess the most suitable loan options for your situation.
Comprehensive Support
From reviewing your documentation and making necessary updates to advising on the most beneficial loan schemes, we’re here to simplify the process. We ensure that you understand every step of the loan procedure and assist you in choosing a loan type and scheme that offers maximum benefits.
Negotiation
Negotiation plays a crucial role when you decide to take out a loan, as each bank has its own set of policies, terms, and conditions. Not only do these policies vary from bank to bank, but there may also be opportunities to negotiate the terms of the loan offer. However, negotiating repeatedly can be quite tiring.
Having a loan consultant can simplify the process. They handle all the communication with banks and lenders, securing the best offer that fits your budget and meets your financial needs.
Our Commitment to You
We are committed to transparency, integrity, and results. Our goal is to empower you with the knowledge you need to make informed financial decisions. At Balarka money, we believe in building lasting relationships with our clients, founded on trust and mutual success.
Get Started Today!
Contact us for a free consultation and discover how we can help you secure the best loan for your needs. Let us turn your financial goals into reality.
Our services include
Working capital loan (Cash Credit and Overdraft Facilities)
A working capital loan provides short-term funding to cover day-to-day operational expenses, such as payroll and inventory. It helps businesses maintain liquidity and manage cash flow fluctuations. Cash Credit and Overdraft Facilities are both types of short-term financing offered by banks, typically to businesses and individuals. However, they have differences in their structure and usage. Here is a breakdown:
Cash Credit
A loan facility for businesses to meet working capital needs, with a borrowing limit secured by assets like inventory or receivables. Interest is charged only on the utilized amount.
Overdraft Facilities
A facility allowing individuals or businesses to withdraw more than their account balance, up to a set limit. Interest is charged on the overdrawn amount, and it can be secured or unsecured.
Cash Credit Features
Purpose : mainly used by businesses to meet working capital needs.
Account Type: A separate account is created for cash credit.
Limit: The bank grants a borrowing limit based on the business’s assets, like inventory or receivables. The business can withdraw funds up to this limit.
Interest: Interest is charged on the amount borrowed, not the entire credit limit.
Repayment: No fixed repayment schedule; it depends on the business’s cash flows. However, the facility typically needs to be renewed periodically (e.g., annually).
Collateral: Generally secured by business assets.
Overdraft Facility
Purpose: Available to both individuals and businesses to cover temporary shortages of funds in their current or savings accounts.
Account Type: An overdraft is linked to an existing account, such as a current or savings account.
Limit: The bank sets an overdraft limit that the customer can withdraw even if the account balance is zero.
Interest: Interest is charged only on the overdrawn amount, not the entire limit.
Repayment: There is no fixed repayment period. The customer repays by depositing funds into the overdrawn account.
Collateral: Can be secured or unsecured. Some overdrafts are against fixed deposits or other assets, while others might be unsecured.
Key Differences
Usage
Cash credit is primarily for business working capital needs, while overdraft facilities are for short-term liquidity requirements of individuals or businesses.
Account Type
Cash credit requires a separate account; overdraft is linked to an existing account.
Interest
Both charge interest on the utilized amount, but cash credit usually involves a business security like stock or receivables, while overdrafts may not always require collateral..
Both facilities provide flexible access to funds but serve slightly different purposes based on the financial needs of the user.
Builder project Finance
Builder project loans provide financing for construction and development, typically covering land acquisition, labour, and materials. These loans are crucial for turning architectural plans into tangible structures, with repayment often tied to project milestones or completion.
Bank guarantee
A bank guarantee is a financial promise made by a bank to cover a borrower’s obligations if they fail to meet them. Essentially, if the borrower defaults, the bank ensures that the lender or creditor is compensated. It provides a safety net for business transactions, assuring that payments will be made.
Loan against Property (LAP)
A Loan against Property (LAP) is a secured loan where a borrower pledges their residential, commercial, or industrial property as collateral to secure funds from a lender. The loan amount is typically a percentage of the property’s market value, and the borrower retains ownership of the property while repaying the loan.
A Letter of Credit (LC)
A Letter of Credit is a financial document issued by a bank that guarantees a seller will receive payment from the buyer, provided certain conditions or documents are presented. It is commonly used in international trade to ensure both parties meet their obligations, as the bank acts as an intermediary to ensure payment upon fulfilment of the agreed terms.
Reducing finance cost through bank transfer, Lease Rental Discounting, Business loan personal loan, Education loan
Loans against securities, Gold loans, Equipment’s purchase loans
Documents list:
Proprietary Firm
KYC’s
- 2 passport size photo of Proprietor
- PAN card &Aadhar Card of proprietor
- Residence proof of proprietor
- Latest office addressed proof
- Shop & Establishment/ GST registration Certificate (as applicable)
Financials
- Individual Full set of CA certified financials (Audit reports) for 3 years with 26AS & ITRS
- If Current ITRS is not yet filed then provide provisional Financials.
- VAT / ST return 1 Year.
- GST return from 1 Year.
- Company Profile on company’s letter head
Existing Loans
- Sanction Letter / Loan Schedule of all the existing loans – if any
- Closure letter of loan (if any loan is closed in last 6 months)
- Last 18 months bank statement reflating EMI debits or Loan Account Statement
Banking
- Last 6 months to till date all the bank account statements as shown in balance sheet.
Partnership / LLP Firm
KYC’s
- 2 passport size photo of all the partners
- PAN card &Aadhar Card of all the partners
- PAN Card of the Firm
- Residence proof of all the partners
- Latest office addressed proof
- Shop & Establishment/ GST registration Certificate (as applicable)
Financials
- Firm & Partners Full set of CA certified financials (Audit reports) for 3 years with 26AS & ITRS.
- If Current ITRS is not yet filed then provide provisional Financials.
- VAT / ST return 1 Year.
- GST return from 1 Year.
- Partnership Deed with registration certificate
- Company Profile on company’s letter head
Existing Loans
- Sanction Letter / Loan Schedule of all the existing loans – if any
- Closure letter of loan (if any loan is closed in last 6 months)
- Last 18 months bank statement reflating EMI debits or Loan Account Statement
Banking
- Last 6 months to till date all the bank account statements as shown in company & partners balance sheet
Private Limited Firm
KYC’s
- 2 passport size photo of all the directors
- PAN card &Aadhar Card of all the directors
- PAN Card of the Firm
- Residence proof of all the directors
- Latest office addressed proof
- Shop & Establishment/GST registration Certificate (as applicable)
Financials
- Company & Directors Full set of CA certified financials (Audit reports) for 3 years with 26AS & ITRS.
- If Current ITRS is not yet filed then provide provisional Financials.
- VAT / ST return 1 Year.
- GST return from 1 Year.
- Partnership Deed with registration certificate
- Company Profile on company’s letter head
Existing Loans
- Sanction Letter / Loan Schedule of all the existing loans – if any
- Closure letter of loan (if any loan is closed in last 6 months)
- Last 18 months bank statement reflating EMI debits or Loan Account Statement
Banking
- Last 6 months to till date all the bank account statements as shown in company & directors balance sheet