Frequently Asked Questions

Our Frequently Asked Questions here.

he moment you decide to take a loan, you can put in your application for a Loan with CHHATTIS GARH FIN-CORP LENDING PRIVATE LIMITEDM The loan amount would be sanctioned or approved, based on your repayment capability

You can get information such as the outstanding loan amount, number of installments paid or remaining installments, etc. by visiting our website in customer portal through customer login or you can also reach nearest branch in your city. You can also write to us at:  customer.support @fundhouse.co

Fundhouse offers loan up to 24 Month, provided the term does not extend beyond 65 years of age or the retirement age, whichever is earlier

You can pay the EMI either through Post-Dated Cheques (PDC) for the entire repayment period or through ECS (Electronic Clearing System). In case, you wish to avail of the ECS facility, please contact your nearest branch or write to us at:  customer.support @fundhouse.co

You can avail another loan depending on your previous loan repayment record. For more information, please contact your nearest branch or write to us at:  customer.support @fundhouse.co

or your loans, a formal loan closure letter will be issued. In case you have a Loan Against Property, the property papers will be returned to you. If you have not received the property papers, then contact our branch or write to us at: customer.support @fundhouse.co

Yes. We accept cheques from a maximum two Bank accounts, provided the Bank accounts are in your name

in case of excess payments, please inform our branch or write to us at: customer.support @fundhouse.co and we will send a refund cheque of the excess amount through courier to your mailing address.

All repayments to be made by the borrower to CGFL shall be made free and clear of, and without any deduction whatsoever including Tax Deduction at Source (TDS). The borrower shall deposit an amount equivalent to the TDS with the government treasury and provide Fundhouse the TDS certificate in Form No. 16A downloaded from the TRACES website on a quarterly basis. Further, the TDS amount should be reflected in the FORM 26AS statement of Fundhouse with 'F' status. Fundhouse will refund to the borrower an amount equivalent to the TDS amount within 4 working days of the borrower furnishing the TDS certificate in the manner aforesaid on a quarterly basis. However, the TDS refund claim will not be entertained by Fundhouse after one year from the end of the year in which TDS is deductible.

You can choose to prepay your loan anytime after 06 months of availing the loan and after payment of 06 EMIs. Please visit any of our branches with a Prepayment request letter as per format with supporting documents. Prepayment charges are applicable on early closure of loans. Please Click here for the Prepayment requestform and applicable charges as per agreement if applicable.

The Central Registry of Securitisation Asset Reconstruction and the Security Interest of India (CERSAI) is a Government Company licensed under Section 25 of the Companies Act, 1956. RBI has mandated that all the assets Mortgaged with non-SARFAESI notified banks / financial institutions (including NBFCs) be filed with a central repository - CERSAI. Click here to read the RBI Circular (CERSAI).

CERSAI fees is Rs. 562/- per property (Rs 500/- fee + Rs 62/- Service tax). This fee is payable at the time of disbursement of the loan

if you have taken a loan against property between March 31, 2011 and December 10, 2014; CERSAI charges of Rs.562/- (Rs.500 + Service Tax) per property shall be debited in the existing borrower’s loan account. CERSAI charges will reflect in the loan Statement of Account. You are requested to pay this one-time fee at any of the branches of FUNDHOUSE /CGFL

Pre EMI is the Interest paid on the Loan Amount availed in part and before the start of the actual EMI

You repay the loan in Equated Monthly Installments (EMIs) comprising principal and interest. Repayment by way of EMI commences from the month following the month in which you take full disbursement.

An amortization schedule is a table giving the reduction of your loan amount by monthly installments. The amortization schedule gives the break-up of every EMI towards repayment interest and outstanding principal of your loan.

An Equated Monthly Installment (EMI) has 2 components: interest and principal. When the interest is calculated on monthly rests, the principal on which the interest is charged goes down every month. This results in significant savings for the customer over the tenure of the loan. IHFL works on Monthly Rests basis.

An amortization schedule is a table giving the reduction of your loan amount by monthly installments. The amortization schedule gives the break-up of every EMI towards repayment interest and outstanding principal of your loan.

Application submission - Submit a completely filled in online application with all the necessary documents for sanction - You get an approval for a specific loan amount based on your requirement, repayment capability

Immovable property owned by the applicants. The applicant's title to the property should be clear, marketable and free from any encumbrances. The security created on property shall be first and exclusive. Such security will be created by deposit of original title documents of the said property.

Your spouse / Father / Mother / Brother Any of your blood relative (immediate family members) Also co-owner has to be necessarily co-applicant in the loan.