Frequently Asked Questions
Find answers to common questions about our loan products, application process, repayments, eligibility, and services.
What is Highness Finance Private Limited?
Highness Finance Private Limited is a Non-Banking Financial Company (NBFC)
registered under Section 45-IA of the RBI Act, 1934. We provide a range of
financial solutions including Gold Loans, Personal Loans, Business Loans,
Vehicle Loans, and Loan Against Property.
What loan products do you offer?
We offer Gold Loans, Two-Wheeler Loans, Used Two-Wheeler Loans, Auto Loans,
Used Car Loans, Consumer Loans, Personal Loans, PLI (Personal Loan with Imperfect Collateral),
Business Loans, Entrepreneurship Business Loans (EBL), and Loan Against Property (LAP).
Who is eligible to apply for a loan?
Any eligible individual, salaried employee, self-employed professional,
business owner, entrepreneur, or property owner meeting our lending criteria
may apply for a loan, subject to verification and approval.
What documents are required for loan applications?
Commonly required documents include Aadhaar Card, PAN Card, Address Proof,
Passport Size Photograph, Income Proof, Bank Statements, and documents related
to collateral or security, depending on the loan type.
How long does loan approval take?
Loan approval timelines vary depending on the product and verification process.
In many cases, eligible applications can be processed quickly after successful
document verification and assessment.
Do you provide Gold Loans?
Yes. We offer quick and secure Gold Loans against eligible gold ornaments,
providing customers with convenient access to funds while ensuring safe custody
of pledged gold.
Can I apply for a Business Loan?
Yes. We provide Business Loans and Entrepreneurship Business Loans (EBL)
to support business expansion, working capital requirements, equipment purchases,
and other business needs.
What is a Loan Against Property (LAP)?
A Loan Against Property (LAP) allows borrowers to obtain funding by mortgaging
residential, commercial, or other eligible property as collateral, subject to
valuation and approval.
Can I repay my loan before the tenure ends?
Prepayment or foreclosure may be permitted depending on the loan product and
applicable terms. Customers are advised to contact our branch for details
regarding charges and eligibility.
What happens if I miss an EMI payment?
Delayed payments may attract penal charges and affect your repayment record.
Continued defaults may result in recovery proceedings as per applicable laws
and loan agreements.
Is my personal information secure?
Yes. We implement appropriate security measures to protect customer information
and maintain confidentiality in accordance with applicable laws and regulatory guidelines.
How can I contact Highness Finance?
You may visit our registered office at KMC No. 14/1139, First Floor,
Bethel Commercial Complex, Asramam P.O., Kollam, Kerala – 691002,
or contact us through the phone number and email address provided on our website.