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About ConsoLegal

About ConsoLegal

We Started as a one man show in the profession gradually scaled up with the joining of passionate and experienced professionals from diverse backgrounds now launching our online platform ConsoLegal- Keep it Simple. We value accountability, transparency and simplicity.

Happy clients
500+
Projects Delivered
550+
Awards Received
5+
Industries Served
11+

Why Choose ConsoLegal

5 Reasons Why You Trust Us
7+ Years Experience

We are expert in the industry from last 7 years. Continuously delivering the best services for our clients. We provide the best and the most affordable legal services in the country. Our clients trust us on our quality.

99% Client Satisfaction

99% client satisfactions: We always treat our clients at first. Client satisfaction is our main motive. We work because we want our clients to trust us. Hence from last 7 years we have got to 99% of our clients satisfied with us.

Cost Effective

Cost effective: This is one of our main Feature. We always be the affordable one from the market. We are the guys who committ industry best services at a much affordable prices.

Quick Support

Quick support: We provide you with the 24/7 quickest. Service as possible. We always be the first in giving our clients the best they want. From us.

Expert Professional Services

Expert professional services: Last but not the least we are a team of expert, who are willing to provide you the best of service that our clients demands.

Services

Services Offered at ConsoLegal

Private Limited Company Incorporation

A private limited company, or LTD, is a type of privately held small business entity.

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LLP/Partnership Firm Registration

LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership.

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One Person Company Registration

A sole proprietorship is the simplest and most common structure chosen to start a business.

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Nidhi Company Registration

Nidhi Company works with the objective of increasing savings of its members.

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MSME/Udyam Registration

Udyam (MSME) Registration is Free of Cost and paperless and no online or offline agency.

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Import Export Code Registration

An Importer-Exporter Code is a business identification number which mandatory for export from India or Import to India.

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EPF & ESI Registration

In both the schemes a percentage is deducted from employee's salary and proportionate amount is added to it.

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Shop & Establishment Registration

A shop or establishment registration certificate gives businesses the right to conduct work in a particular state.

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FSSAI License

FSSAI registration or License is mandatory for all types of food business operators in India.

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Drug License

The drug sale license is issued for both retail as well as wholesale purpose for the distribution of drug in India.

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Trade License

Every trader involved in a general trading activity within the territorial boundaries of any municipal corporation is required to get a trade license.

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PSARA License

PSARA license is a must requirement for opening any private security agency in India.

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Income Tax Return

A tax return is documentation filed with a tax authority that reports income, expenses, and other relevant financial information.

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GST Registration

You can get your GSTIN as a sole proprietor or as a partnership business as well.

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GST Return

A GST return is a document containing details of all income/sales and/or expense/purchase which a taxpayer (every GSTIN) is required to file.

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TDS Return

TDS Return is a quarterly statement submitted by the deductor to the Income Tax Department.

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Trademark Registration

It grants you the legal right to use your trademark exclusively in such countries.

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ISO Registration

Seal of approval from a third party body that a company runs to one of the international standards developed.

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Payroll Management

The process of administration of a company's employee's financial records.

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Accounting/ Bookeeping

The process of recording your company's financial transactions into organized accounts on a daily basis.

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Company Annual Filling

Company Annual Filings refers to the filing of Audited Annual Financial Accounts of the Company.

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LLP Annual Filling

LLP is required to file LLP Form 8 (Statement of Account & Solvency) and LLP Form 11 (Annual Return) annually.

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Nidhi Company Compliances

For filing financial documents and other supporting documents to the Registrar of Companies.

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Event Based Compliances

The Event-Based Compliances are those mandatory compliances which are other than the usual and necessary annual and periodical compliances

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USP

Business Portfolio Management

Our diversified and adept resources are expert in building, scaling and managing enterprises for optimal results. We help you in management of your finance and taxes so as to act as a facilitator to empower individuals/business owners.

Ease of Doing Business

We pool our resource to provide you the ease of doing business. Our combined expertise caters to all your business needs with personal keenness and individual attention irrespective of the size of your enterprise. Your accounts will be at you finger tips so as to make your life simple.

Dedicated Communication Centre

Our diverse talents and our dedication provide high quality and timely service to our clients. Our firm is responsive and proactive to your needs /compliance. We cater you with accurate and timely interventions and advice. Finances and compliances being our forte we ensure that our clients will get undivided attention to other aspects of the business as well.

Transparent pricing structure

Our pricing has been tailored to accommodate every Individuals and Companies of all sizes and capacity. Transparency builds trust, which is an essence for effective teamwork. There are no hidden costs involved in our pricing structure.

Guidance for Efficient Business Operations

A firm's reputation is built on the quality of its services. Our primary goal as a trusted advisor is to be available and to provide insightful advice to enable our clients to make informed financial decisions related to your Business and Taxes. We'll take care of all of your issues about your tax and financial situations. You may mail/contact us at any time.

Promoting Entrepreneurship through Franchise opportunity

Franchise businesses are advantageous to aspiring entrepreneurs because they allow them to lower start-up costs and the risk of beginning a business on their own. We help businesses/individuals in managing tax and financial compliances with accuracy and precision. We also extend a 360^ support for entrepreneurs who invest in franchise model, from ideation to kick-starting. We help you to shape your aspirations.

Working Process at ConsoLegal

Make Enquiry
Make Payments
Submit Documents
Work Completed

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Latest Blogs

Oct 26, 2021
E-invoicing & Consequences of Its Non-Compliance.
Posted By: Author
  1. Liability to issue an E-invoice?
  2. Exemption from issuing an E-invoice?
Oct 26, 2021
National Pension Scheme- Features, Tax Benefits, Eligibility.
Posted By: Author
  1. Features & Benefits of NPS
  2. Tax Benefits of the NPS
Oct 26, 2021
Tax Implications & How to save Tax on Sale of Bitcoin & Cry
Posted By: Author
  1. Income Tax on Sale Of Crypto
  2. TDS on Sale Of Crypto
Oct 26, 2021
Revised ITR can’t be filed to convert original return into loss return in absence of any mistake: SC
Posted By: Author
  1. PCIT vs. Wipro Limited (Supreme Court of India)
  2. By the Supreme Court
Oct 26, 2021
Save Tax by forming HUF: Taxation, Benefits & Drawbacks.
Posted By: Author
  1. Taxation of HUF
  2. Benefits of HUF

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What Our Clients Says

Mr. Pragyan Lohia

Experts in tax consultancy services, Professionalworking culture I took their service of Company registration, They did it at the earliestand smoothily with very good response.

5.0

Ankita Singh

Great professional advice relating to Company incorporation Income Tax, GST Returns and various registrations are provided by Mr Shubham Agrawal I will definitely recommend Consolegal for best services.

5.0

Urvashi Poddar

Im really happy to visit consolegal, easily accessible and very good location. Shubham ji is truelya professional person who politely and completely understands our legal issues and provides the correct suggestions and solutions to do our legal work easily.

5.0

Frequently Asked Questions

FAQ TOPICS


  • Income Tax
  • GST
  • TDS
  • Payroll Managment
  • MSME
  • FSSAI
  • ISO
  • Life Insurance
  • Health Insurance
  • Travel Insurance
  • Motor Insurance
  • Home Loan
  • Personal Loan
  • Car Loan
  • Business Loan
  • Support
01

What are the various forms available under the Income Tax Act?

ITR1, ITR2, ITR3, ITR4, ITR5, ITR6 & ITR7 are the Forms available for Filing in FY 2022-23 (AY 2023-24)

02

What are the benefits of submitting tax returns?

  • It qualifies a taxpayer for loan processing.
  • It aids in obtaining a TDS refund or any other overpayment of tax.
  • Loses can be easily carried ahead.
  • It transforms a person into a responsible citizen.

03

Will I be prosecuted if I fail to file tax returns for my taxable income?

Yes, if you do not pay the tax, you may be subject to additional interest, penalties, or prosecution. The severity of the prosecution will vary depending on the amount of tax that must be paid.

04

Is it necessary to submit a return if an apparent decrease in business income has occurred?

Yes, completing ITR in the event of a loss is in your business. You can transfer forward the damages/losses to a specified predicted financial year using online ITR filing to set off losses against future profits.

01

What does GST Return imply?

In the new indirect-tax administration, a GST Return is a declaration of details relevant to the taxable person's business operations within a certain tax period. A taxable individual is required by law to declare his or her tax liability, provide information concerning taxes paid, and file a correct and full return by the due date. The Goods and Services Tax is a destination-based tax structure that is self-assessed. The submission and processing of tax returns establishes a vital link between taxpayers and the IRS.

02

Is there a GST Return that must be filed every six months?

No! In the GST system, there is no such requirement to file a half-yearly return.

03

What is an annual return, and which section of the GST Act explains what it entails?

Every registered person is required to file an annual return for each Financial Year under Section 44 of the GST Act, 2017.

04

What returns must a taxable assesses who is a "non-resident" file?

A non-resident taxable assesses must file GST Return – GSTR-5 to report monthly details of "inward" and "outward" supply, debit/credit notes, tax paid details, closing stock details, and any refund requested.

05

ISD stands for Input Service Distributors. What are the types of returns do they have to file?

It is the corporate office of a products and service supplier that collects tax bills for inward supplies produced by vendors on behalf of branch offices to distribute tax credits.

01

Is it possible to claim TDS from past years?

In general, a credit for TDS on any income can be claimed only in the fiscal year in which the income was earned, not in the fiscal year in which it was received. Any advance payment given to you during the year on which TDS was deducted is not eligible for TDS credit for that year.

02

What software is available to help prepare the e-TDS/TCS return?

A free downloadable return preparation utility for the preparation of e-TDS/TCS is accessible on the NSDL website. Third-party suppliers, on the other hand, have created software for filing e-TDS/TCS returns.

03

Is Form 26Q filed separately from the rest of the tax return?

No, filing Form 26Q separately is not required. For all payments made to residents, Form No. 26Q and a separate annexure must be filed.

04

What is the distinction between a tin and a tan number?

The Taxpayer Identification Number (TIN) is for entities that are subject to Value Added Tax (VAT), such as traders and manufacturers. All entities responsible for deducting or collecting taxes at the source are given a Tax Deduction and Collection Account Number (TAN).

01

What is the major issue with the payroll system?

The most common payroll issues, according to the same research, were "organizational anomalies" in the payroll process, improper tax withholding, and over-and-under payments to employees. Along with these, there are frequently concerns with employment misclassification and overtime miscalculations.

02

What is the cause of the payroll delay?

There have been instances where firms have postponed payroll due to cash flow issues. It's possible that the employer won't be paid right away by a client, or that getting payments from a government agency or bank would be delayed. The corporation may have encountered an unanticipated expense that has put the company's finances in jeopardy.

03

What is the cause of the payroll delay?

There have been instances where firms have postponed payroll due to cash flow issues. It's possible that the employer won't be paid right away by a client, or that getting payments from a government agency or bank would be delayed. The corporation may have encountered an unanticipated expense that has put the company's finances in jeopardy.

04

What are the different types of payroll controls?

Payroll internal controls are the procedures that your organization employs to safeguard its payroll data. . Employees are unable to access confidential information due to payroll rules and procedures. More people will be watching the payroll process if tasks are divided, making it less probable for someone to commit fraud.

05

What is full cycle payroll, and how does it work?

What is the definition of full-cycle payroll processing? A payroll cycle is the period of time that passes between pay days. It can last as little as a week or as long as a month. Wages are withheld for taxes and other deductions. Employees get net compensation in the form of a paycheck, direct transfer, or pay card.

01

How do I verify the status of my MSME registration?

You will obtain a registration number after completing the registration process, which you will need for future reference. It usually takes 2-3 days for the total approval and registration procedure to be completed once you submit your form.

02

What are the different kinds of MSME?

MSMEs are divided into Manufacturing Enterprises and Service Enterprises under the Micro, Small and Medium Enterprises Development (MSMED) Act of 2006.

03

What are the chances of an online MSME application being rejected?

Low credit score, unpaid debts, loan defaults, low cash flow, absence of a business strategy, incomplete documentation, misleading information, and so on are all causes for MSME application rejection.

04

Are banks willing to lend to MSME borrowers without requiring collateral?

Yes, they can acquire collateral-free loans if they take out unsecured business loans and have a strong CIBIL score, as well as a good financial and loan payback history. The rest is determined by the bank's qualifying conditions that must be met by the applicant.

05

How long would it take for the MSME Certificate to be issued?

The MSME Certificate is issued within 1-2 working days of the application being submitted.

01

What exactly is the FSSAI?

The Food Safety and Standards Authority of India (FSSAI) is a self-governing organization within the Ministry of Health and Family Welfare of the Government of India that regulates and oversees food safety.

02

Which law governs the FSSAI License?

FSSAI is governed by the Food Safety and Standards Act of 2006.

03

Is the FSSAI code or number alphabetical or alphanumeric?

The 14-digit FSSAI code is numeric in nature, not alphanumeric or alphabetical.

04

What is the procedure for obtaining an FSSAI food license?

You can obtain an FSSAI food license by visiting your local health department and filling out a food license application. Alternatively, go to https://foscos.fssai.gov.in/ to see the FSSAI's official website.

05

What is the purpose of the FSSAI?

An FSSAI license is necessary for food enterprises to follow food safety and security rules and to ensure that customers receive high-quality food that meets their expectations.

01

Is there a certificate available at the pre-audit stage?

No, there is no certificate during the pre-audit stage. The auditor will focus entirely on your company's business system and procedures in order to make recommendations on how to improve ISO compliance.

02

Is it possible for me to select any ISO accreditation?

ISO accreditation is only for standards and has no bearing on permits or licenses. Even if you have an ISO certification, you will still require government and authority authorization, licenses, and licenses to conduct your business.

03

What are some of the advantages of ISO certification?

The International standard supports its own benefits within each industry; however, the certifications' common benefits include increased market potential, compliance with procurement tenders, improved efficiency and cost savings, a higher level of customer service and thus satisfaction, and increased staff morale and motivation. Customers will know you are serious about their needs if you have a Recognised management standard.

04

When it comes to ISO certification and accreditation, what's the difference?

In simple terms, accreditation is a type of certification; however, accreditation should not be confused with certification or registration.

05

What exactly is an ISO audit?

ISO auditing is a basic technique for ensuring that an organization's quality process system is in compliance with the requirements. Once you've obtained ISO certification, you'll need to conduct an annual ISO audit.

01

What does it mean to pay a life insurance premium?

A premium is the amount you pay to the insurer in exchange for the insurance policy's benefits. These payments can be made on a regular basis, for a specific number of years, or only once, depending on the options available under the policy you choose.

02

When does your term life insurance coverage expire?

A term life insurance policy protects the policyholder until he or she reaches the age given in the policy. A beneficiary will get a death benefit if the policyholder dies before the term expires. If the policy holder's life should outlive the term, the policy can be renewed for a premium at the conclusion of the term.

03

What are the tax advantages of life insurance?

Several life insurance products in India provide various tax benefits. Section 80C of the Income Tax Act of 1961 allows you to deduct up to Rs.1.5 lakh in life insurance premiums paid. In addition, the nominee can claim a tax deduction on the insurance payouts received under Section 10 (10D).

04

What is the cost of life insurance

? Different types of life insurance policies have different premium rates since several criteria are taken into account, including age, annual income, current medical issues, liabilities, and more. However, of the different life insurance policies available in India, term insurance is one of the most cost-effective options if purchased early in life.

05

What is the best way for me to pay for my insurance policy?

Your insurance can be paid using a credit or debit card. Cheques, cash cards, and mobile payment solutions are some of the other options for payment.

06

Is it possible for me to have many life insurance policies?

Yes, you can own numerous life insurance plans as long as you meet specific requirements.

07

What is the best way to assign life insurance benefits to another person?

By assigning a life insurance policy, one might transfer his or her title, rights, and interest in it to another entity. This is usually done to provide security for a loan or to protect the other person's financial interests. The assignee will receive the benefits of the life insurance policy once it has been allocated. The policyholder must complete the assignment form and return it to the insurer, along with the policy details that must be allocated. In addition, the individual must send the original insurance as well as the assignee's KYC documentation. The assignment can be endorsed on a copy of the life insurance policy or a notarized assignment, indicating that it can be carried out.

01

Why should I invest in a health insurance plan?

With each passing day, the cost of medical treatment continues to rise. A major sickness or injury might quickly deplete your finances. As a result, having a cash cushion to pay your medical bills is critical. You can do so by acquiring a health insurance plan, which will cover the costs of medical treatment.

02

What is the procedure for purchasing a Group Health Insurance Plan?

Employees are offered a Group Health Plan by their company. This form of insurance can be purchased by corporations or start-ups. Without an employer, you cannot purchase a Group Medical Insurance Plan.

03

Which health insurance plan is the most suitable for a family of four?

For a family of four, a Family Floater Health Insurance Plan is an affordable and appropriate health insurance coverage. A floater plan includes a sum assured that can be shared among the individuals who are covered. As a result, the premium is on the low end.

01

What medical bills is the travel insurance coverage will cover?

If the said family member is covered by the policy, the medical expenditures will be paid by the travel insurance policy up to the sum insured.

02

Is it possible for the insured to claim hospitalisation expenditures if he or she has been hospitalised as a result of COVID-19?

In the event that the insured is hospitalised in the destination country as a result of COVID-19, hospitalisation expenses (both in-patient and out-patient) will be reimbursed.

03

Will insurance pay the costs if the insured's planned trip is cancelled due to hospitalisation?

Claims will be paid for the insured's financial loss if the booked vacation is cancelled or interrupted owing to the insured's/immediate family member's hospitalisation due to COVID-19.

04

Will the insured be reimbursed for expenses spent as a result of the trip delay?

Food and lodging expenditures will be reimbursed if the trip is delayed abroad owing to the common carrier's cancellation or rescheduling of flights as a result of COVID-19.

05

The insured is covered by both our health and travel insurance policies. Will the claim apply in both circumstances, and if so, how?

If medical in-patient and out-patient charges occur in India, a health insurance policy claim will be filed. If it happens while you're on vacation, you can file a claim with your travel insurance company as follows:

  • Trip Delay – excluding any delay at the insured trip's Indian port of origin.
  • Trip Cancellation/Interruption/Rescheduling.
  • Medical in-patient and out-patient claims – if in India (health policies); if outside of India (health policies) (Travel Policy).

06

Which COVID-19-related international travel insurance benefits can I claim?

Due to COVID-19, you can file a claim under the following coverage. The acceptability of claims shall be determined strictly according to the policy terms and conditions, assuming that those terms and conditions are met.

  • Hospitalization coverage for COVID-19 in the destination country - We cover in-patient and out-patient hospitalisation expenditures for COVID-19 in the destination country.
  • Emergency hotel extension - If you or a partner must extend your vacation due to COVID-19, we will cover your additional housing and boarding costs.
  • Trip delay, cancellation, and interruption coverage – If you or a member of your immediate family is hospitalised for COVID-19, we will reimburse you for any financial losses incurred as a result of cancellation or interruption in trip.
  • Daily hospitalisation allowance - In the event that you are hospitalised owing to COVID-19, we will offer you with daily cash as an emergency allowance.
  • Missed Flight connection.
  • Political danger and disaster evacuation.
  • Bounced hotel/airline reservation

01

Why do I need auto insurance?

Third-party car insurance is required in India for all vehicle owners. Furthermore, own-damage car insurance protects you in the event of an accident, theft, or fire. If you have a valid insurance policy, you won't have to pay for repairs or replacement out of cash if something goes wrong.

02

What are the different kinds of vehicles that I may insure through the internet?

A private car and a two-wheeler can both be insured online.

03

What are the advantages of purchasing car insurance online?

Because there is no paperwork or documentation necessary when purchasing vehicle insurance online, you will receive an instant policy. You also have the option of using a variety of payment methods, such as credit card (Visa, MasterCard), net banking, debit card, and so on.

04

How quickly can I purchase/renew vehicle insurance through the internet?

Car insurance can be purchased or renewed online in a matter of minutes. You simply need to enter the vehicle's information, contact information, and insurance information, as well as select the coverages you require. You will receive an instant policy after making the payment.

05

Is there a difference between offline and online vehicle insurance policies?

They are, indeed. Once you've paid for your online auto insurance, we'll email you the policy documents and send them to your registered address.

06

Where can I find information about my auto insurance policy?

All of your auto insurance information can be found in your policy documentation.

  • Policy number
  • Policy start and end date
  • Policy type (Comprehensive/OD only/TP only)
  • Engine & chassis number

07

What is the definition of endorsement?

An endorsement is written confirmation of a policy change that has been agreed upon. It's a document that reflects changes to the parameters of the policy.

08

Is it necessary for me to have a valid insurance policy in order to register my new vehicle?

Yes, while registering your new vehicle, you must have an active and valid insurance policy. Even a valid third-party (TP) insurance policy will suffice for RTO registration.

09

What is two-wheeler long-term insurance?

The Insurance Regulatory and Development Authority of India (IRDAI) has launched a two-wheeler long-term insurance plan. As a result, you won't have to renew your two-wheeler insurance online every year. Alternatively, you can purchase a three-year long-term two-wheeler insurance policy. Furthermore, by choosing long-term insurance, you will be protected from annual increases in third-party rates, resulting in significant savings.

10

Is it required by law that I insure my two-wheeler?

Third-party two-wheeler insurance is required under the Motor Vehicles Act for all vehicles on the road. Third-party liability insurance covers:

  • Legal liability for harm or death to a third party as a result of an accident.
  • Legal liability for damage to nearby property.

11

What is the punishment if I don't have insurance on my two-wheeler?

If you are caught driving without insurance, you will be fined ₹2000 the first time and ₹4000 the second time, according to Section 197 of the Motor Vehicles Act, 1988.

12

Is it possible to renew my two-wheeler insurance policy online?

Yes, you can renew your two-wheeler insurance coverage online starting 60 days before your current policy expires and up to 90 days after your prior policy expires.

01

How do I apply for a home loan?

If you're not sure how to receive a home loan, you can apply online through either our website or the lender's website. You can also go to the loan provider's nearest branch or call their home loan customer service department. When you decide to receive a house loan, fill out the application online to expedite the process.

02

How to calculate home loan EMI?

The Home Loan EMI Calculator on our website can be used to calculate home loan EMI.

03

What is the maximum amount of a house loan that I am eligible for?

You can acquire a home loan for up to 90% of the cost of the property, depending on your eligibility, creditworthiness, the value of the property, and other variables.

04

What is the house loan interest rate?

Home loan interest rates are currently starting from as low as 6.70% per year.

05

Is it possible to acquire a home loan with a 100% loan amount?

No bank, housing finance company, non-banking financial firm, or other lender can give you a 100% house loan. Lenders often finance 75% to 90% of the property's cost as a home loan, with you bearing the remaining 10% to 25% of the cost.

06

What is the procedure for applying for a home loan subsidy?

You can apply for a house loan under the PMAY (Pradhan Mantri Awas Yojana) and get a home loan subsidy of up to Rs. 2.67 lakhs.

07

What is the minimum CIBIL score required for a home loan?

To be qualified for a house loan, you must have a CIBIL score of 650 or above.

08

For a home loan, how many years of ITR are required?

Most banks demand you to have an ITR from the previous two years when applying for a home loan.

10

Is there anything I need to put up as security or collateral in order to get a home loan?

The property you buy, build, or refurbish serves as collateral for the loan. As a result, no further security or collateral is required.

11

What should you do if your house loan application is rejected?

Poor credit score, credit report error, late loan repayment, frequent job changes, employer not falling into the lender's lending category, incomplete documentation, property issues, high level of debt, borrower's age, not obtaining No Dues Certificate from previous lenders, and so on can all cause your home loan application to be rejected.
To prevent rejection of home loan application, be sure that:

  • Your work or business is stable (at least from the last 2 years).
  • Documentations are complete and correct.
  • Your credit score is excellent (650 or above).
  • Your prior lenders provide you with a 'No Dues Certificate.
  • The property you want to buy is on the lender's list of approved properties.

01

Can my credit score affect my approval chances?

A personal loan is typically based on your monthly net income and previous credit history, including your credit score. As a result, credit score is important in assuring the application's success as well as setting the loan's interest rate.

02

Is there a penalty for not paying back a personal loan?

Yes. A prepayment penalty of 1% to 3% of the outstanding principal amount of a personal loan is charged by most banks and NBFCs.

03

What are some of the benefits and disadvantages of a personal loan?

Personal loans can assist you in dealing with a variety of financial difficulties; however, they do have certain advantages and disadvantages that you should be aware of. Here are some of the drawbacks and benefits of taking out a personal loan.
Benefits:

  • No collateral required: A personal loan does not require any type of collateral or security, and you can easily apply for one as long as your credit score is decent.
  • Less documentation required: Personal loans demand far less documentation than conventional secured loans.
  • Rapid Approval: Several banks have implemented an e-application process that is both speedier and more convenient. Some banks even provide e-approvals and pre-approved personal loans.
  • Flexibility: Unlike other secured loans, there are no restrictions on the usage of money borrowed with a personal loan.

Drawbacks:
  • Qualification standards: While personal loan guidelines differ from bank to bank, qualification conditions are extremely stringent. To get a personal loan, you must have a strong credit history.
  • Higher Interest Rates: Personal loan interest rates are lower than credit card interest rates, but they are still higher than secured loan interest rates.
  • Prepayment penalty: On prepayment of Personal Loans, several banks apply a prepayment penalty.

04

Will there be any additional fees?

A processing charge must be paid in advance. This charge will be deducted from the amount you owe in disbursements.

05

What is the PL procedure?

Your eligibility is determined by the information you supply. You must fill out the application form with your basic personal and professional details. To check your financials, you must enter into the internet banking interface of the bank that manages your salary account. Your loan will be approved and disbursed electronically if your profile fits our requirements.

06

Who should I contact if I have any questions about my loan?

You can reach out to our representative at 8810878185 or email us at mail@consolegal.com with any loan-related questions.

01

What types and models of cars are eligible for car loan in India?

Car loans are available in India for nearly all small to medium sized vehicles, commercial vehicles, sport utility vehicles (SUV), and multi utility vehicles (MUV).

02

What credit rating is necessary to purchase a car?

A high credit score above 750 is preferred. But, if it is more than 600, you are still eligible to apply for a loan. Keep in mind that your application can be declined if your score is too low.

03

Is the interest rate impacted by my credit score?

Yes. For candidates with excellent credit ratings, certain banks will offer cheaper interest rates

04

What will be the tenure for repaying a car loan?

Normally, repayment schedules will be between 12 to 84 months (1-7 years)

01

When is it appropriate to take out a business loan?

The greatest time to take out a business loan is when you need money to expand your company, weather seasonal slumps, or cover unexpected expenses. This could be for a variety of reasons, including but not limited to business growth, expansion, or a short-term cash flow mismatch, depending on the company.

02

What are the advantages of obtaining a business loan?

Depending on the lender, you may be eligible for a variety of benefits. Our Company Loan combines all of the advantages of small business loans with the convenience of flexible repayment schedules. This is an unsecured loan that you may apply for online in a matter of minutes.

03

What is a loan with a variable repayment period?

This feature lets you select a repayment period of up to 36 months. You can select acceptable EMIs and modify loan payments to meet the cash flow capabilities of your organisation because of the flexible nature.

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