Question 1

Why do applications get rejected after the bank has already seen my documents?

Accepted Answer

Usually because the file was screened at branch level but declined at credit processing. The common causes are a FOIR above the lender's internal ceiling once existing EMIs are counted, bank statement conduct the branch did not examine closely — cheque returns, sustained overdrawn balances, round-tripping between accounts — or a property that fails the technical or legal valuation. None of these show up on the application form. They show up two weeks later. Checking them first is most of what we do.

Question 2

What is FOIR, and why does it decide whether I get the loan?

Accepted Answer

Fixed Obligation to Income Ratio: the share of your monthly income already committed to existing EMIs and fixed obligations. Lenders use it as a ceiling. Most cap salaried applicants somewhere in the 50–55% band, and some will go higher for higher-income applicants — the thresholds vary by lender and change without notice. It is the single most common reason a file that looks fine gets declined, and it is entirely knowable before you apply.

Question 3

Does applying to several lenders at once improve my chances?

Accepted Answer

It usually does the opposite. Every formal application triggers a hard enquiry on your credit report. Several in a short window signal credit hunger to the next lender that looks, and the resulting score drop can push a borderline file below cut-off. A rejection also stays visible for around two years. The better sequence is to assess first, shortlist the lenders whose stated criteria your profile actually meets, and apply deliberately.

Question 4

Can Bharat Finsol guarantee loan approval?

Accepted Answer

No. Loan approval decisions rest entirely with the lending institution and depend on your financial profile, credit history, property details, and the lender's internal policies. We make no guarantees about approvals, interest rates, or disbursement timelines.

Question 5

What does Bharat Finsol charge for its services?

Accepted Answer

Initial consultations and eligibility assessments are free with no obligation. Any applicable service charges are communicated in writing before you proceed — there are no hidden deductions at disbursement.

Question 6

Is Bharat Finsol a bank, NBFC, or lending institution?

Accepted Answer

No. Bharat Finsol (PRANAMAMI CONSULTING LLP, LLPIN: ACQ-5311) is an independent financial services advisory and facilitation entity. We do not lend money, accept deposits, or hold a banking or NBFC licence. Our role is advisory and facilitation — not credit origination.

Question 7

Can Bharat Finsol help with government scheme applications?

Accepted Answer

Yes. We provide advisory and facilitation for PMEGP, MUDRA, PLI, CGTMSE, Startup India (DPIIT Recognition), Udyam Registration, and various Telangana state schemes. Approvals are at the discretion of the relevant authority — we facilitate, not guarantee.

Question 8

How does Bharat Finsol handle mutual fund facilitation?

Accepted Answer

Mutual fund facilitation is conducted through our ARN-registered designated partner. All transactions are in the investor's name with direct folios. We are not a SEBI Registered Investment Adviser. Investments are subject to market risk. Please read all scheme-related documents carefully before investing.

Question 9

What documents are typically required for a business loan?

Accepted Answer

Requirements vary by lender and loan type, but typically include: KYC documents (Aadhaar, PAN, photo), business registration proof (GST certificate, Udyam certificate, MCA extract), bank statements for the last 6–12 months, ITR filings for 2–3 years, and audited financials if applicable. We provide a tailored document checklist at the time of assessment.

Question 10

What is CGTMSE and who qualifies for it?

Accepted Answer

CGTMSE guarantees the lender, not you. That distinction matters: it lets a bank sanction without collateral because the Trust covers a share of the loss if you default. Cover is available on eligible credit up to ₹10 crore. The practical catch is that the lender must be a participating institution and must choose to route your file under the scheme — some branches simply do not, because it adds a guarantee fee and paperwork. Ask explicitly whether your file is being placed under CGTMSE; it is a fair question and the answer changes your collateral position entirely.

Question 11

How does working with an independent facilitator differ from approaching a bank directly?

Accepted Answer

A bank branch advisor is employed by that institution and will only offer their own products. An independent advisory facilitator like Bharat Finsol works across multiple lenders and can match your profile to the most suitable option — without the conflict of interest that comes from being tied to a single institution. We also manage documentation, follow-ups, and lender coordination on your behalf.

Question 12

What is the PMEGP scheme and who is eligible?

Accepted Answer

PMEGP (Prime Minister's Employment Generation Programme) is a credit-linked subsidy scheme run by KVIC under the Ministry of MSME. It provides subsidies of 15–35% of project cost (depending on category and location) for setting up new micro enterprises in manufacturing and service sectors. General category applicants must be 18+ years old. Maximum project cost is ₹50 lakh for manufacturing and ₹20 lakh for service units. We guide eligible applicants through the online application process.

Question 13

Is my personal information shared with lenders?

Accepted Answer

Only the information required for a specific loan application is shared with the lenders you authorise. We do not share your data with third parties for marketing purposes. All data shared with lenders is with your prior knowledge and for the purpose of processing your application.

Question 14

How long does the loan facilitation process take?

Accepted Answer

Timelines vary significantly by loan type and lender. A home loan may take 15–30 working days from complete file submission. A business loan or working capital limit may take 7–21 working days depending on complexity. Government scheme applications (PMEGP, CGTMSE) may take 4–12 weeks. These are indicative timelines only — lender processing times are outside our control.

The questions worth asking before you apply

Common Questions

If your question isn’t here

The questions worth asking before you apply

Common Questions

If your question isn’t here