Credit Report

Loans Products

Calculators

Vidya

About Us
Stakeholders
Careers
Vidya
Media
Branch Locator
Legal
Partners

Support

Tips & Advice

Seychelles Trip Cost from India

Personal Finance
21-08-2025

Crystal-clear waters, soft white sand beaches, and granite cliffs surrounded by lush greenery, a Seychelles trip feels like stepping into a dream. Located in the Indian Ocean, this island nation is famous for its pristine beaches, coral reefs, and unique culture. For Indian travellers, Seychelles is a top choice for honeymoons, romantic getaways, family vacations, or even solo adventures.

Before you pack your bags, let’s break down the Seychelles trip cost from India so you can plan a budget-friendly yet unforgettable holiday.

India to Seychelles Flight Ticket Price

Flights from India to Seychelles are fairly direct and convenient, with regular connections from Delhi, Mumbai, and Bangalore to Mahé Island (Seychelles International Airport).

  • Round-trip airfare: ₹30,000 – ₹45,000
  • Costs depend on season, airline, and advance booking.
  • Pro Tip: Book at least 60–90 days in advance to secure better prices. Flight comparison tools like Skyscanner or Google Flights can help you track the India to Seychelles flight ticket price and grab deals.

Accommodation Costs in Seychelles

Seychelles has everything from luxury overwater villas to budget guesthouses.

  • Budget stays: ₹2,000 – ₹4,000 per night
  • Mid-range hotels: ₹6,000 – ₹10,000 per night
  • Luxury resorts: ₹15,000 – ₹25,000+ per night

For couples, the Seychelles trip cost for couple from India can rise significantly if opting for private beach resorts or honeymoon suites. Mahé, Praslin, and La Digue islands are the most popular for stays.

Food & Dining Expenses

Seychellois cuisine blends African, French, and Indian flavours.

  • Street food/local takeaways: ₹200 – ₹400 (grilled fish, curries, Creole dishes)
  • Mid-range restaurants: ₹1,200 – ₹2,000 per meal
  • Fine dining: ₹3,500+ per meal

For a budget-friendly trip, try Creole takeaways, local cafes, or explore local markets for fresh fruits and seafood.

Activities & Sightseeing

Seychelles is paradise for nature lovers and water sports enthusiasts.

  • Snorkelling/Scuba diving: ₹3,000 – ₹6,000 per person
  • Island hopping tours: ₹4,000 – ₹8,000 per person
  • National parks & reserves: ₹500 – ₹1,500 per entry (e.g., Vallée de Mai, a UNESCO site)
  • Beaches like Anse Lazio and Anse Source d’Argent are free to access and absolutely stunning.

Local Transport

  • Public buses: ₹50 – ₹100 per ride (cheap but limited to Mahé and Praslin islands)
  • Taxi rentals: ₹1,500 – ₹3,000 per day
  • Car rentals: ₹3,000 – ₹4,500 per day
  • Ferries between islands: ₹2,000 – ₹4,000 (round trip depending on distance)

If you’re planning to explore multiple islands, budget extra for ferries or short domestic flights.

Other Expenses

  • Travel insurance: ₹1,500 – ₹3,000
  • Local SIM card with data: ₹500 – ₹1,000
  • Shopping & souvenirs: Variable
  • Optional luxury experiences like sunset cruises, spa treatments, or private island tours can add ₹5,000 – ₹10,000 extra.

Seychelles Trip Cost from India – Total Estimate

  • Budget trip: ₹90,000 – ₹1,30,000 per person
  • Mid-range trip: ₹1,50,000 – ₹2,20,000 per person
  • Luxury trip: ₹2,50,000+ per person

For couples, the Seychelles trip cost for couple from India is usually between ₹1.8 – ₹3.5 Lakhs, depending on the hotel choice and activities.

A daily budget of ₹6,000 – ₹10,000 per person is reasonable for food, transport, and sightseeing.

How Many Days Are Enough for Seychelles?

  • 3–4 days: Great for beaches and a couple of tours.
  • 6–7 days: Perfect for a honeymoon or family vacation, covering Mahé, Praslin, and La Digue.

Is Indian Food Available in Seychelles?

Yes, thanks to a significant Indian community, you can find both North Indian and South Indian dishes at local restaurants. However, meals at Indian restaurants may be pricier compared to local Creole eateries.

Financing Your Seychelles Trip

Dreaming of Seychelles but worried about the expenses? Consider a personal loan for travel that helps you spread costs into easy EMIs while enjoying your island vacation stress-free.

 

FAQs on Seychelles Trip Cost from India

Q1. How much does a Seychelles trip cost from India?
A budget Seychelles trip costs around ₹90,000 – ₹1,30,000 per person, while a mid-range holiday is ₹1,50,000 – ₹2,20,000. Luxury vacations can go beyond ₹2,50,000 depending on accommodation and activities.

Q2. What is the Seychelles trip cost for couple from India?
On average, a couple can expect to spend ₹1.8 – ₹3.5 Lakhs for 5–7 days, including flights, hotels, meals, and sightseeing.

Q3. What is the India to Seychelles flight ticket price?
Round-trip flights from Delhi, Mumbai, or Bangalore to Seychelles cost between ₹30,000 – ₹45,000 per person. Prices are lower if booked in advance.

Q4. Is Seychelles cheaper than Maldives?
Both are luxury destinations, but Seychelles generally offers more budget options like guesthouses and public transport, making it slightly more affordable than the Maldives.

Q5. How many days are enough for Seychelles?
A 5–7 day trip is ideal to cover Mahé, Praslin, and La Digue islands. Short trips of 3–4 days are also possible if you focus on just one island.

More articles for you

View All
Home Loan

From Application to Approval in 48 Hours? The Reality of Digital Home Loans

Gone are the days of making endless visits to the bank, submitting excessive paperwork to get your home loan approved. Today’s digital home loan process in India is heading towards lightning-fast approvals by using video calls and online document exchange. Still, do you think you can get a home loan approved in 48 hours? If you’re a working professional fighting strict deadlines or an entrepreneur always on the move, don’t worry! This guide gives you an idea of how it is actually possible to get your online home loan approval by sitting on your couch or when you’re not in town. We’ll break it down to help you smartly navigate digital lending. Key Takeaways ● Understand what “48-hour approval” actually means ● Learn how video KYC helps home loan processes work & its advantages ● Discover realistic timelines for the different stages of digital home loan processing ● Tips to speed up your application Table of Contents The Digital Home Loan Revolution What Does "48-Hour Approval" Really Mean? The Step-by-Step Digital Process Video KYC: Your New Best Friend How to Maximize Your Chances of Fast Approval Red Flags to Watch Out For Final Thoughts Frequently Asked Questions The Digital Home Loan Revolution The Indian home loan landscape has gone through a dramatic transformation. What used to take anywhere between one and two months can now happen within a week. Most banks and Non-banking Financial Companies are digitizing their entire home loan application process, making it fast and streamlined for applicants. It goes beyond speed; it is convenient, transparent, and reduces human error. Using this digital landscape, you can track your application status in real-time, upload documents, and also complete video KYC. What Does "48-Hour Approval" Really Mean? Let’s be honest about the 48-hour approval. It doesn't mean that you apply for the loan on Tuesday and expect the amount in your bank by Thursday. Here’s what it typically covers: What is possible in 48 hours: ● Assessing the initial eligibility criteria ● Verification of credit score and income documents ● Preliminary valuation of the property ● In-principal approval or sanction letter What may take more time: ● Detailed property valuation and verification - may take up to 10 days ● Legal document verifications - may take 3 to 5 days ● Physical visit and valuation of the property ● Documentation of final loan and disbursal - may take 2-3 days The 48-hour loan approval timeline gives you an edge that ‘you’re eligible for the home loan’, which can be used to negotiate the rates with the property seller. The Step-by-Step Digital Process Here’s how a digital home loan application in India works: Application Submission can take 1-2 hours ● Fill the online application form with all the basic details ● Upload all the essential documents like pay slips, bank statements, etc. AI-Powered Screening can be between 3 and 24 hours ● Automated income calculation ● CIBIL score verification ● Verification of employment through database matching ● Bank statement analysis using algorithms Human Review and Video KYC can be within 24 to 48 hours ● Loan officers review the AI recommendations ● Video KYC appointment scheduled and completed ● Initial review of property documents ● Generation of in-principle approval Detailed verification can take 3-10 days ● Legal verification of property ● Technical evaluation ● Final documentation ● Signing of the loan agreement (mostly digital) Video KYC: Your New Best Friend Video KYC home loan processes are a game-changer, especially after 2020. You do not have to make any branch visits; you can do it from any location, and it is faster than the manual process. Here’s how you can get it done: Video KYC Process: ● A 10-15-minute video call is scheduled with the loan officer ● LIVE document verifications are done ● Your identity is confirmed ● Address verification is done through LIVE location sharing ● Recording of the entire video for compliance purposes What you need for the Video KYC Process: ● A stable internet connection ● A room with good lighting ● All documents in your laptop or phone ● Your government ID for verification How to Maximize Your Chances of Fast Approval Before applying for loan approval: ● Check your CIBIL score and increase it if it is low ● Keep bank statements and salary slips for the last 6 months ● Check the property documents through a lawyer ● Use any tools and calculate a realistic home loan amount During the application process: ● Use the lender’s app for quick processing ● Respond to queries and address them immediately ● Keep your mobile phone handy for any verification calls ● Schedule video KYC at the earliest slot available Key notes to keep in mind: ● Apply to 2-3 lenders, but give a 15-day window to reduce any impact of CIBIL score. ● Select properties that are pre-approved with the lenders ● Your bank account needs to be stable during the entire application period till loan disbursal. Red Flags to Watch Out For ● Never pay the processing fees upfront before getting loan approval ● Do not get carried away if anyone guarantees loans without proper documentation or verification ● Be strong, don’t succumb to pressure tactics, and rush to sign without reading the terms ● Stay away from suspicious apps. Use only the official bank/ NBFC app or websites. Final Thoughts Does a fast home loan process in India get approval in 48 hours? Yes, with the right approach and proper documentation, you can get it. Online home loan approvals are genuinely faster than the manual methods. Understanding the difference between ‘approval’ and ‘disbursal’ can help you be ready for the process timelines without any disappointments. Plan for 10-15 days for the complete processing and disbursal of the loan, provided all the documentation is in place. Frequently Asked Questions Q1. Is a 48-hour home loan approval really possible? If you have submitted all the documents, have a good credit score, and apply to digitally operated lenders, you can get in-principle approval within 48 hours. Q2. What is video KYC, and is it safe? Video KYC is like the regular KYC asked by banks, where they need to verify details about the account holder. The only difference is that it is done over a video call instead of you having to go personally to the bank. Q3. What documents do I need for fast approval? ● Salary slips and bank statements for 6 months ● Valid ID proof, address proof, and property documents ● ITR filing copy Q4. Can self-employed individuals get 48-hour approval? In general, the loan approvals for self-employed persons may take more time, as there may be more document scrutiny. Still, if you have clean ITR filings, good bank statements, and all other documents handy, it is possible to get approval in 48 hours. Q5. What's the difference between pre-approval and final approval? Pre-approval only confirms if you are eligible to take the loan. Final approval is once the property and legal verifications are done. Q6. Are digital home loans more expensive? Both manual and digital loan interest rates depend on your profile and the prevailing market conditions, and not on the method used to apply. Q7. What if my application gets rejected digitally? You can still apply to other lenders by correcting the mistakes made when applying for the rejected digital loan. Q8. How do I track my digital home loan application? Most banks/NBFCs offer application tracking as a feature in their apps or websites, which can be used.
15-09-2025
Read More
Guide

A Guide for NRIs: How to Get a Home Loan in India While Living Abroad

Living outside India doesn't have to mean you can't dream of owning a house in India. Are you an NRI dreaming of owning a home in India but unsure about how to get a home loan while living abroad? This guide will walk you through the entire process of getting an NRI home loan in India 2025. Key Takeaways ● Indians living abroad can buy residential property or plots, but not agricultural land. ● Most banks offer online application options, making the NRI housing loan process easier for those living overseas. ● Repayment needs to be routed through NRI accounts. Table of Contents What is an NRI Home Loan? Why Do You Need an NRI Home Loan? Who Can Apply for a Home Loan for a Non-Resident Indian? Documents Required for NRI Home Loan India 2025 How to Apply, Step-by-Step NRI Housing Loan Process How Long Does It Take? Common Mistakes to Avoid Final Thoughts FAQs What is an NRI Home Loan? An NRI home loan in India in 2025 is a loan designed specifically for Non-Resident Indians who want to purchase a home in India. If you live abroad, either for work or business, this allows you to buy residential property or a plot of land in India with the help of a loan from an Indian bank or financial institution. This loan cannot be used to buy agricultural land, farmhouses, or plantation land according to FEMA rules for home loans. Why Do You Need an NRI Home Loan? Buying property in India outright can be challenging for most people, and NRIs are no different. Even if you have savings, using an NRI home loan spreads out the cost over several years. Here are a few reasons why this is useful: ● For many NRIs, buying a home in India is also an emotional decision, connecting them to their roots and future plans. ● It helps you manage your finances better by spreading payments over a 15- to 30-year period. ● Owning property gives you financial security as an investment and an asset in India, which may come in handy in the future. Specifically because, typically, property values generally rise over time. Who can apply? To qualify for an NRI home loan, banks require you to meet certain eligibility criteria. These are based on your age, employment status, income, and country of residence. Here are the key points: ● You should be an Indian citizen residing outside India, holding a valid Indian passport. ● Your age should be between 21 and 70 years at the time of loan maturity. ● Both salaried professionals and self-employed NRIs can apply. ● Typically, you would need to have at least 1 to 3 years of work experience. ● The minimum income requirement tends to vary according to the country you live in. ● Maintaining a good credit score is essential to improve your chances of loan approval. Generally, banks look for a credit score of at least 670. However, banks may restrict loans from NRIs residing in certain countries due to RBI guidelines or local regulations. Documents required Getting your documents ready before applying will make the whole process much smoother. The home loan documents you will typically need include: Document Purpose Valid Passport Proof of identity and Indian citizenship Valid Visa Proof of your legal right to live/work overseas Overseas Address Proof Confirmation that you currently live outside India Indian Address Proof Establishes your connection to India Employment Contract or Offer Letter Shows proof of employment and income Salary Slips/Bank Statements Demonstrates steady income and transactions Income Tax Returns Establishes your income level and tax compliance Power of Attorney If someone in India is authorized to act for you Property Documents Details of the property you intend to buy How to apply: Step-by-Step NRI Housing Loan Process Applying for a home loan while living abroad is simpler than many think. Here’s how you can go about it step-by-step: Check your eligibility first. Many banks provide online eligibility calculators. Enter your age, income, employment details, and country to get a quick estimate of your loan eligibility. Compare loan offers from different banks. Look at interest rates, loan tenure, processing fees, and customer reviews. Also, check if the bank offers online application and servicing options, which can be a big help if you are abroad. Prepare your documents carefully. Make sure you have passports, visas, income proof, tax returns, and property-related documents in order. Submit your application. Many banks allow NRIs to apply online, which is very convenient. Wait for the verification process. Banks will verify your documents, employment, income, and property details. Sometimes, they may require phone interviews or video calls. Receive loan sanction. Once approved, you will get a sanction letter outlining the terms of the loan. Sign the agreement and complete the formalities. Following this clear roadmap helps make the NRI housing loan process less confusing, even if you are managing it from overseas. How long does it take The total time from application to loan disbursement usually takes between a few days to about a month. It depends on how fast you submit your documents, the bank’s verification process, and your responsiveness to any queries. Common mistakes to avoid To avoid delays or rejection, watch out for these common mistakes: ● Applying with incomplete or incorrect documents. ● Not understanding FEMA rules for home loans and trying to buy restricted property types like agricultural land. ● Not comparing interest rates and fees among banks, leading to more expensive loans. ● Providing wrong information on forms or missing disclosures. ● Ignoring your credit score or failing to check it before applying. ● You may also want to appoint someone to represent you with a Power of Attorney, locally, if needed. Final Thoughts Taking an NRI home loan is not complicated, but it requires more preparation and patience compared to loans for resident Indians. Thanks to digital banking and increased familiarity with NRIs, many banks now offer streamlined processes and strong support. By planning well, collecting the right documents, and staying informed, you can successfully buy your dream home in India even from thousands of miles away. Frequently Asked Questions 1. Can I buy agricultural land with an NRI home loan?No, NRIs are not allowed to use home loans for purchasing agricultural land, plantations, or farmhouses. Loans are only for residential properties and plots. 2. How do I repay the home loan from abroad?Repayments must be made through your NRE or NRO account or through RBI-approved overseas remittance channels. 3. What is the usual loan tenure for NRIs?Loan tenures typically range from 5 years to 30 years, depending on the bank and your repayment ability. 4. Do I need a Power of Attorney?If you want someone to manage paperwork or register property on your behalf in India, a Power of Attorney is a good idea. 5. Are interest rates higher for NRIs?NRIs often pay slightly higher interest rates because banks see lending to them as higher risk. 6. How can I easily check my loan eligibility?Most banks provide simple online calculators that use your information to quickly estimate your loan eligibility.
15-09-2025
Read More
Home Loan

Are Home Loan Rates Negotiable? How to Get the Best Deal From Your Lender

Many people assume that home loan interest rates are fixed and non-negotiable. In reality, there is often room to negotiate home loan rate with banks and housing finance companies. Whether you are a first-time homebuyer or planning to switch lenders, knowing how to reduce interest rate can save you thousands of rupees over the loan’s tenure. In this blog, we will share practical home loan bargaining tips that can help you secure the best deal possible and lower your monthly EMIs. Key Takeaways Learn why and how lenders decide interest rates Discover ways to negotiate home loan rate effectively Get insider home loan bargaining tips to improve your chances Understand how to reduce interest rate over the loan tenure Table of Contents Can You Really Negotiate a Home Loan Rate? How Lenders Decide Your Rate When Is the Best Time to Negotiate? How to Reduce Interest Rate Before Applying Home Loan Bargaining Tips After Loan Approval Switching Lenders for a Better Rate Why Choose Piramal Finance? Final Thoughts FAQs 1. Can You Really Negotiate a Home Loan Rate? Yes, you can often negotiate home loan rate if you know how to approach the lender. Many borrowers don’t realise that interest rates are not always rigid. Lenders may be willing to adjust rates if they see you as a low-risk customer. This is especially true in competitive markets where banks and NBFCs are actively looking for new customers. Negotiation works best when you have a strong repayment profile, good credit score, and clear understanding of your options. 2. How Lenders Decide Your Rate Before you learn how to reduce interest rate, it helps to know what factors influence it: Credit score: A score above 750 increases your bargaining power. Income stability: A steady income assures lenders of timely repayments. Loan-to-value ratio: The more you pay upfront, the better your rate can be. Relationship with the lender: Existing customers with good repayment history often get better offers. Market conditions: Falling repo rates or competitive lending seasons can create room for negotiation. Understanding these factors helps you plan your approach when asking for rate reductions. 3. When Is the Best Time to Negotiate? Timing matters when you want to negotiate home loan rate. Here are a few situations when lenders may be more flexible: Festive seasons: Lenders run promotional campaigns with lower rates. Repo rate cuts: When RBI lowers rates, lenders may pass on benefits to new borrowers faster. Year-end sales targets: Some lenders may offer discounts to meet their targets. When switching loans: If you are considering a balance transfer, your current lender may match the new rate to retain you. By negotiating during these windows, you have a better chance of success. 4. How to Reduce Interest Rate Before Applying To maximise your chances of getting a lower rate from the start: Improve your credit score: Pay bills on time and reduce credit card debt. Offer a higher down payment: This lowers the lender’s risk. Choose the right tenure: Shorter tenures usually have lower rates. Research lenders: Compare rates from multiple institutions before committing. Highlight your profile: Show proof of stable income, low debt, and strong repayment history. These steps give you more leverage in discussions and make lenders more willing to reduce your rate. 5. Home Loan Bargaining Tips After Loan Approval Even after your loan is sanctioned, there are ways to save: Request a rate match: If another lender offers you a lower rate, ask your current lender to match it. Shift to floating rate: If market rates drop, floating rates let you benefit from the decrease. Pay regularly and on time: A spotless repayment record can help you negotiate a lower rate during periodic reviews. Avoid unnecessary add-ons: Some bundled products increase your effective cost. These home loan bargaining tips work best when you maintain a good relationship with your lender. 6. Switching Lenders for a Better Rate If your lender refuses to lower your rate, you can explore a balance transfer to another lender offering better terms. This involves transferring your outstanding loan to the new lender at a lower rate. However, before making the switch: Check the processing fees and transfer costs. Calculate the total savings over the remaining tenure. Ensure the new lender offers the same or better terms for repayment flexibility. Sometimes, just showing your lender that you are considering a transfer is enough to get them to revise your rate. 7. Why Choose Piramal Finance? At Piramal Finance, we believe in offering transparent, fair, and competitive home loan rates. We provide: Customised interest rates based on your profile Minimal paperwork and quick processing Flexible tenure options for easy repayment Expert advice on how to reduce interest rate effectively Whether you’re applying for your first loan or switching from another lender, we focus on helping you save more over the life of your loan. 8. Final Thoughts To sum it up, yes, you can negotiate home loan rate and get better terms if you plan ahead and use the right strategy. Knowing how to reduce interest rate and applying the right home loan bargaining tips can help you save significantly over your loan tenure. Don’t assume that the first rate you are offered is the final one. Approach your lender with confidence, back your request with facts, and compare multiple offers before making a decision. The effort you put in today can translate into big savings tomorrow. 9. FAQs Q1. Can I negotiate my home loan interest rate after the loan is approved?Yes, especially if market rates drop or you have offers from other lenders. Q2. What’s the most effective way to reduce interest rate?Maintain a high credit score, pay on time, and negotiate with evidence of better offers. Q3. Are lenders open to bargaining?Yes, particularly during festive seasons, repo rate cuts, or when they are competing for customers. Q4. What are the best home loan bargaining tips?Compare rates, highlight your strong repayment record, and negotiate during favourable market conditions. Q5. Is switching lenders worth it?It can be, but calculate the total cost and ensure the savings are significant. Q6. Does paying a higher down payment help in negotiation?Yes, it reduces the lender’s risk and can help you secure a lower rate.
15-09-2025
Read More
Tips & Advice

Home Loans for the Self-Employed: How to Ace Your Application in 2025

Being self-employed should not mean that your dream of owning a house cannot become a reality. You may run a small business, do some freelance work, or even work as a consultant. Still, getting a home loan for the self-employed is totally possible in 2025. Although the process may seem more complicated compared to that of a salaried employee, with the right documentation, you can confidently apply and obtain approval for a home loan. This article will guide you through what lenders are looking for, the documents you need, and how to present your application strongly so that you get approved on your first try. Key Takeaways ● Learn how to apply for home loans for the self-employed ● Understand how business owners' home loan eligibility is different from regular applications ● Prepare your application in such a way that you get the home loan approval the first time Table of Contents What Lenders Need To Approve Self-Employed Home Loans Essential Documents for Self-Employed Home Loan Business Owner Home Loan Eligibility Criteria How to Strengthen Your Application Common Mistakes to Avoid Final Thoughts Frequently Asked Questions What Lenders Need To Approve Self-Employed Home Loans Let’s be honest. When you’re self-employed, proving your income is not as easy as showing a salary slip. Your earnings may vary month on month - there may be some great months and there may also be some lean periods. Lenders understand this and that is why they need more documentation to prove that you can repay the home loan. Before we get into the documentation requirements, let’s understand what goes through the lending bank’s mind when they review an application of home loan application for the self-employed: ● Will you be able to consistently pay your EMI for 15-20 years? ● Is your business or freelance job giving you enough profit? ● How sustainable is your business, and what is its growth potential? ● Are you managing money responsibly? Once you know the answers to these questions, you can proactively address them in your application. Essential Documents for Self-Employed Home Loan Here’s the checklist of the documents for a self-employed home loan application: Personal Documents ● Aadhaar Card or PAN Card Copy, along with the original for verification ● Recent passport-size photographs ● Proof of residence, like utility bills, rental agreement, etc. Business Documents ● Registration certificate for the business, like a partnership deed, trade licence, etc. ● GST registration certificate ● Professional qualification certificates of consultants, CAs, etc. ● Proof of office address, like utility bills or a rental agreement Financial Documents ● Bank statements for the last 1 to 2 years (personal & business) ● ITR for the last 2-3 years ● Form 16A, if applicable ● Profit & Loss statements audited by a CA ● Balance sheet for 2-3 years ● CA certificate stating your income on a monthly or annual basis Property Documents ● Sale agreement ● Property papers and title documents ● Approved building plan ● NOC from society or the builder Business Owner Home Loan Eligibility Criteria The eligibility criteria may differ from one lender to another. Still, here are some of the generic requirements for business owner home loan eligibility criteria: Personal Details: ● Age should be between 23 and 65 years ● Professional experience should be a minimum of 3-5 years in the same field as the business ● Minimum annual income needs to be Rs 2-3 lakhs, & this varies according to the city ● CIBIL score of more than 650. An ideal CIBIL score of more than 750. ● A Clean credit history, definitely no defaults ● Consistent replaying of existing loans, if any ● A debt-income ratio of less than 40% ● A Fixed Obligation to Income Ratio (FOIR) of less than 55% Business Details: ● Business needs to be in operation for 2-3 years ● Consistent profits for a minimum period of 2 years ● Stable and growing income trend How to Strengthen Your Application ● Show a growing income: While submitting your ITR, add a note explaining any fluctuations in income and also highlight overall growth. In case you had a rough year, explain how you overcame it. ● Maintain separate business account: Keep your personal and business accounts separate, as it shows financial discipline and is easy for lenders to assess your business income or profits. ● Audited financial statements: When a CA audits your statements, it adds credibility to your application and shows that you professionally run your business. ● Higher down payment: When you offer to pay more than the minimum 20% of property value, the lender’s risk is less, and they may even offer better interest rates. ● Add a co-applicant: When a salaried person is a co-applicant, maybe a spouse, parent, or business partner, the lenders may feel more confident in approving your application. ● Choose the bank carefully: Applying with banks that hold your business accounts can make the process smoother as they already know the financials of the business. Common Mistakes to Avoid In the last section, we saw what you can do to get your loan approved. Here’s what you should not do: ● Don’t show too many cash transactions. Use digital methods to collect and spend money. ● Never miss an ITR filing deadline, as it can impact your credibility ● Avoid adding personal expenses or income into your business account ● Stay away from understating income, as it may save taxes but hurt your loan eligibility ● Apply only to selective loans, as every rejection may hurt your credit score. Final Thoughts Getting a home loan for self-employed individuals needs more preparation than that for a salaried employee, but you can easily get it approved. When you present yourself as a successful, stable business owner who is self-employed, the banks will have no reason to reject your application. Ensure all your documentation is in place and make them see you as a safe bet. Frequently Asked Questions Q1. What is the minimum number of years a business should be operational to apply for a home loan? Most lenders require your business to be operational for a minimum of 2 to 3 years with consistent profits. Q2. Can I get a home loan without an ITR as a self-employed person? ITR is the main proof of income for a self-employed person. Though some lenders may accept bank statements along with CA certificates, there is no guarantee that the home loan will be approved. Q3. Is the interest rate higher for home loans applied for by self-employed persons? Interest rates are determined based on many factors. If a self-employed person is eligible for the home loan and has proper documentation, the interest rate can be the same as a home loan applied for by a salaried employee. Q4. How much home loan can I get as a self-employed person? Just like a home loan for a salaried person, about 60 to 80 percent of the property value can be approved as a home loan. It will depend on the income, credit score, and the lender’s policies. Q5. Can freelancers get home loans? Freelancers can also get home loans if they can show consistent income through ITRs, bank statements, and client contracts. Q6. Do I need a guarantor for a self-employed home loan? It is not essential to have a guarantor, but having a co-applicant or guarantor can strengthen your application in cases of irregular income.
15-09-2025
Read More
Business Loan

Top Business Ideas Under 10 Lakhs Investment

Starting your own business no longer requires crores in investment. With the right planning and execution, launching a profitable business under ₹10 lakhs in India is very much possible, even in today’s competitive market. Whether you are looking to start small or scale later, ₹10 lakhs can open up a variety of lucrative opportunities.For aspiring entrepreneurs with limited capital, getting access to a business loan can help you kickstart or expand these ideas with ease. Here’s a look at some of the best 10 lakh business ideas that offer high potential returns across different industries. Food Truck Business The Indian food industry is booming, and mobile eateries are leading the way in terms of profitability and low overheads.Within this budgeted amount, you can easily set up a fully-equipped food truck serving popular street food, fast food, or regional cuisine. The flexibility of changing locations, relatively low rentals, and increasing demand make this a solid business to start with 10 lakhs. Initial Setup includes: A second-hand or a modified vehicle Kitchen equipment & safety fittings Licenses and registrations Staff hiring & initial inventory Ideal For: Young entrepreneurs, chefs, or foodiesBusiness loan usage: To purchase the vehicle and customise it for kitchen use Boutique or Custom Clothing Store Fashion is an evergreen industry in India. A boutique with unique designs, tailoring services, or ethnic/fusion wear can attract a loyal customer base.This is one of the best business ideas under 10 lakhs, especially in metros and tier-2 cities where fashion-conscious consumers are always seeking something different.Costs Typically Cover: Rent & interior décor Inventory and fabric sourcing Hiring tailors/designers Marketing & branding Niche Ideas include: Bridal boutique Kidswear store Sustainable/fabric-specific clothing Business loan usage: For store setup, initial working capital and inventory ✔️ Franchise Business Under 10 Lakhs Owning a franchise can be a great shortcut to profitability because of the existing brand recognition and business model.Many well-known brands offer franchise businesses under 10 lakhs in sectors like fast food, education, beauty, and delivery services.Popular Options Include: Food & beverage chains (chai cafés, dessert outlets) Preschool or daycare franchises Courier & logistics franchises Salon & grooming services Benefits: Established training & support Ready customer base Standardised operations Business loan usage: To pay franchise fees and operational setup costs Cloud Kitchen A cloud kitchen operates entirely online, preparing food for delivery without a dine-in facility. It’s a smart way to reduce overheads and reach more customers through food delivery apps.This is among the smartest business ideas under 10 lakhs, especially post-pandemic, when digital food ordering became the norm.Investment Breakdown: Kitchen space rent & setup Cooking equipment Packaging supplies Online branding & marketing Pro Tip: Choose a cuisine with high demand and low food costs, such as biryani, combos, or desserts.Business loan usage: For equipment, working capital and initial marketing Mobile or Laptop Repair Shop With millions of smartphone and laptop users across India, repair services are in high demand. Starting a small tech repair centre can be one of the most practical business ideas for 10 lakh today.Key Expenses Include: Renting a commercial space Buying diagnostic and repair tools Sourcing spare parts Training (if needed) You Can Also Offer: Buyback services Accessory sales Home service for premium clients Business loan usage: To buy tools, hire technicians and stock spare parts Digital Marketing Agency Every small business today wants an online presence. If you have digital marketing skills or can hire a small team, setting up your own agency is one of the smartest business ideas under 10 lakhs.Services You Can Offer: Social media marketing Website development SEO and paid ads Content creation Content/ Creative writing What You Need: Office setup (optional, can be remote) Laptops & software tools Skilled team/freelancers Basic marketing budget Business loan usage: To invest in software licenses, team salaries and marketing Paper Bag or Eco Packaging Unit As sustainability grows in importance, starting an eco-friendly packaging business is both profitable and socially impactful.With ₹10 lakhs, you can start a small paper bag manufacturing unit or create compostable food containers for restaurants and local businesses.Setup Includes: Machinery for cutting, folding & printing Raw material procurement Labour & logistics Local marketing This is an ideal business that requires no investment in retail space, as it can be operated from a small warehouse or rented unit.Business loan usage: For machinery purchase and raw material stocking Fitness Studio or Zumba Classes If you’re into fitness, setting up a boutique studio for group classes like yoga, Zumba, pilates, or even martial arts is a growing trend, especially in urban neighbourhoods.Required Investment Covers: Renting space Equipment (mats, weights, sound system) Instructor certifications Branding & social media marketing Add-On Services: Personal training Fitness merchandise Nutritional counselling Business loan usage: For equipment, interiors and pre-launch promotions Pet Grooming Services Pet care is a booming market in India. Opening a small pet grooming centre or offering mobile grooming services is both rewarding and profitable.You Will Need: Basic grooming equipment Trained staff or certification Portable setup (for mobile services) Insurance & licenses Extra Income Streams: Pet accessories Organic pet food Pet sitting or boarding services Business loan usage: For mobile van setup or renting a grooming space Turn Your Business Idea Into Reality You don’t need massive capital to build a successful venture. These business ideas offer flexibility, growth potential and adaptability for new-age entrepreneurs. Whether you're planning a franchise business under 10 lakhs or exploring a niche market with a business without investment in physical space, the options are diverse and within reach.If you're ready to begin but need help with funding, a business loan can provide the necessary boost to get started without draining your savings. It enables you to manage setup costs, inventory, and early-stage operations more efficiently, allowing you to focus on growth.Starting a business with ₹10 lakhs is not just possible, it can be highly profitable when backed by smart planning and the right financial support.
11-09-2025
Read More
Business Loan

Profitable Business Ideas Under 5 Lakhs in India

Starting your own business doesn’t always require a massive investment. With careful planning and the right approach, you can launch a profitable venture even with a modest budget. If you’re looking for business ideas under ₹5 lakhs, several options across various industries offer low setup costs and high growth potential. Whether you are looking to become self-employed or want to create a scalable model, here’s a curated list of 5 lakh investment business ideas that can help you take the first step towards entrepreneurship. Food and Beverage Business The food industry in India is always booming, making it an excellent option for anyone who loves cooking or serving. Even with limited capital, you can start small and expand gradually. Popular options include: Cloud Kitchen - Run a delivery-only restaurant from home or a rented kitchen space without investing in a dining area. Food Truck - A mobile kitchen offering street food, snacks, or beverages is trendy and profitable. Bakery or Dessert Shop - With rising demand for customised cakes and pastries, this niche is skyrocketing. Home Bakery - You can begin by baking at home and selling in batches to generate a source of revenue. These businesses require minimal space and equipment, making them ideal for a start-up under 5 lakhs. Retail and Franchise Outlets Franchising is an easy way to start a business without building a brand from scratch. With an investment of ₹3–5 lakhs, you can open small outlets like quick-service restaurants, pharmacies, or stationery and gift shops. These options provide ready-made branding, training, and operational support, reducing the risk for first-time entrepreneurs. This model is ideal for those who want to leverage an established brand’s reputation while focusing on day-to-day management and growth, making it one of the most practical business ideas under 5 lakhs. E-commerce or Online Business Thanks to digital platforms, selling products online has never been easier. With limited upfront costs, you can create an online store and reach a wider audience. E-commerce is a cost-effective way to start a business under ₹5 lakhs. With minimal setup, you can launch an online store and sell products like customised merchandise, handmade goods, or even opt for dropshipping, where suppliers handle inventory and shipping. Leveraging social media and digital marketing can help you quickly reach a wider audience. This flexible and scalable model is ideal for new entrepreneurs looking to tap into India’s growing online shopping market without heavy infrastructure costs. Freelancing and Professional Services Freelancing is one of the most budget-friendly business ideas under ₹5 lakhs, especially for skilled professionals. You can offer services like content writing, digital marketing, photography, videography, or even legal and financial consultancy. These ventures require minimal setup; often just a laptop and internet connection, and rely more on your expertise than significant capital. They’re ideal for individuals looking to work independently, with the flexibility to scale over time based on demand and specialisation. Education and Training Services Education is a sector that continues to grow rapidly in India, creating opportunities for entrepreneurs to start small yet impactful businesses.Education remains a thriving sector, offering lucrative opportunities for businesses under ₹5 lakhs, given the growing demand for learning and skill development in India. You can start coaching or tuition classes for school and competitive exams, offer online courses, or conduct workshops on skills like coding, language learning, or public speaking. With minimal investment in basic infrastructure or digital tools, this sector allows you to operate from home or a small rented space. It’s ideal for professionals or subject experts who want to leverage their knowledge, provide value to learners, and build a steady income stream with high scalability. Health, Fitness, and Wellness With a growing focus on health and fitness, small-scale wellness businesses are seeing significant demand. The health and wellness industry is thriving, making it an excellent option for businesses under ₹5 lakhs. You can start yoga or fitness classes online or in a small studio, offer diet and nutrition consultancy, or sell home-based organic products like herbal skincare and organic foods. These ventures require minimal setup costs and attract a steady, recurring clientele as more people focus on healthy living. With rising awareness about fitness and natural products, this sector offers high growth potential and is perfect for entrepreneurs passionate about health and lifestyle improvement. Event Planning and Management Event management has become a thriving sector with opportunities in both personal and corporate events. Event planning is a fast-growing sector with lucrative opportunities in both individual and corporate spaces. With an investment under ₹5 lakhs, you can offer services like birthday and small event planning, corporate event coordination, or wedding support services such as décor, logistics, and photography. This business requires minimal infrastructure since most resources can be rented, and it can be managed with a small team. Its flexible model, low entry cost, and high demand make it an excellent option for new entrepreneurs looking to build a creative, client-focused venture. Building a Profitable Business with Limited Capital Starting a business under 5 lakhs is not just possible but also practical in today’s entrepreneurial landscape. With options ranging from service-based ventures to scalable online companies, success depends more on strategic planning, creativity, and consistent effort than on heavy investment. By leveraging your skills, understanding market demand, and starting with a lean approach, supported by an affordable business loan if required, you can minimise risks while building a strong foundation. Over time, even a modest investment business idea can evolve into a profitable and sustainable enterprise, paving the way for long-term entrepreneurial growth.
11-09-2025
Read More
;