Frequently Asked Questions

Murli Finance is a registered Direct Selling Agent (DSA) based in Jamshedpur, Jharkhand. We act as a bridge between borrowers and banks — helping you compare 10+ lenders, prepare documents, and get the best home loan rate. Our service is 100% free for borrowers.

Yes, completely free. Banks pay us a referral commission when your loan is disbursed. You don't pay anything extra — you only pay the bank's standard processing fee which you'd pay directly anyway.

We are registered DSAs with HDFC Ltd, SBI, LIC Housing Finance, Bajaj Housing Finance, Axis Bank, ICICI Bank, Kotak Mahindra Bank, and PNB Housing Finance — 10+ lenders in total.

We serve all areas of Jamshedpur and the greater region — including Telco Colony, Adityapur, Mango, Sakchi, Bistupur, Jugsalai, Kadma, Golmuri, Sonari, Boram, Gamharia, Dimna, Bhalubasa, Baridih, and Parsudih.

Most banks require a minimum CIBIL score of 700–750. However, some NBFCs we work with may approve loans for scores as low as 650, especially for self-employed borrowers. We assess your profile and match you to the right lender.

Typically, banks offer 75–90% of the property value as a loan (LTV ratio). The maximum amount also depends on your monthly income — banks generally allow EMI up to 50–55% of your net monthly income.

Home loan tenures range from 5 to 30 years. Longer tenures mean lower EMIs but higher total interest paid. Our advisors help you choose the right tenure based on your age and income.

Rates start at 8.50% p.a. and vary based on your credit score, income type (salaried/self-employed), loan amount, and lender. We negotiate to get you the lowest possible rate.

Fixed rates remain constant throughout the tenure. Floating rates change with the RBI repo rate — when rates fall, your EMI decreases. Most borrowers today prefer floating rates as they benefit when RBI cuts rates.

Salaried individuals aged 21–60 with minimum 2 years of work experience and ₹25,000+ monthly income. Self-employed individuals aged 25–65 with 3+ years of business and filed ITR. Both Indian residents and NRIs are eligible.

Absolutely. We specialise in self-employed profiles. You need 3 years of business vintage, filed ITR, and a reasonable CIBIL score. We have NBFC partners who are flexible with self-employed borrowers.

It may be challenging with traditional banks, but we work with NBFCs who consider lower scores. We also guide you on improving your score quickly so you can qualify sooner.

Yes! Government employees, PSU workers, and TISCO/SAIL employees often qualify for special rates and faster approvals. Some banks have dedicated schemes for these profiles.

Pre-approval: 48 hours. Full disbursement for ready properties: 10–15 working days from document submission. Under-construction properties may take slightly longer.

Identity proof (Aadhaar/PAN), address proof, income proof (salary slips/ITR), bank statements (6 months), property documents. Salaried also need Form 16. We provide a complete checklist based on your profile.

Yes! For all clients in Jamshedpur, we offer free doorstep document collection. Just let us know your area and we schedule a visit at your convenience.

No. Our initial eligibility check is a soft inquiry and does not affect your score. Only when we formally submit to a bank is there a hard inquiry — and we only do that when we're confident of approval.

Processing fee (0.25–1% of loan amount), legal/technical valuation fees (₹5,000–₹15,000), MODT stamp duty (varies by state), and GST on processing fees. There are no prepayment charges on floating rate loans as per RBI guidelines.

Yes. RBI mandates zero prepayment charges on floating rate home loans. You can make partial prepayments anytime to reduce your principal and save on interest.

If you have an existing home loan at a high rate, you can transfer it to another bank at a lower rate. We help identify the best transfer option and handle the entire process.