1. What are the loan facilities provided by NFL?

NFL provides several loan facilities viz. personal loan, loans against property, business loan, consumer durable (machinery loan), home loan etc.

2. What are the minimum document requirements for availing a loan?

The minimum Documents needed are KYC documents like PAN card and Aadhar card, ITR/ Form 16 for last 3 financial year, Bank statement and other documents as may be required according to the type of loan applied.

3. How can I apply for a loan with NFL?

Loan can be applied through any of the following means-

a) through the website-Loan app.

b) by contacting us on 7990578392 or emailing us on info@novatis.co.in

c) by visiting our branch office at 301, Reegus Business Center, Above Mercedes Showroom, Near Shyam Baba Temple, New City Light Road, Vesu, Surat – 395007.

4. What is the age limit to apply for a loan?

Anyone who is elder than 18 years and files an income tax return can apply for a loan.

5. What are the interest rates at which loan is available?

The interest rate at NFL vary from 18% to 24% p.a. according to RBI guidelines.

6. What is the tenure for which loan can be availed?

Loan can be acquired for a maximum period of 7 years.

7. What are the prepayment clauses?

Contact our management for the same.

8. What are the modes through which EMI payments can be made?

EMI payments can be made through:

a. Online banking

b. UPI

c. Cash

d. ECS

9. Who can be a co- applicant?

Anyone who has blood relation with the borrower can become a co-applicant.

10. What is NFL’s customer care?

For customer help desk please contact us at 7990578392

11. What is the maximum loan amount that can be availed?

Maximum loan can be availed up to 70% of the prime / collateral security depending on the eligibility and condition of the asset.

12. How can I get my statement of account?

Please contact our customer care at 7990578392 for the same.

13. How can I get back my original documents?

You will get your original documents after closure of loan account.

14. How can I change my EMI due date?

Currently we don’t provide the option to change your EMI due date.

15. Can I change my mode of loan repayment?

Please contact our representative for the same.

16. How to obtain no dues certificate?

A no dues certificate can be obtained after repayment of the whole loan alongwith interest.

17. Can I take a loan against my vehicle?

Currently we don’t provide any such facility, however we do provide loan against property, to know more click here.

18. How long does the loan application process take?

The loan application process can be completed within 3-4 days time depending the type of loan.

19. What factors are considered when applying for a loan?

When applying for a loan various factors are taken into consideration such as CIBIL score, income tax returns, credit history, security offered etc.