Rates & Decisions
A loan is essentially an amount borrowed for a defined period. The amount borrowed requires it to be repaid along with a predetermined amount of interest that is calculated on the principal amount. There are different types of loans in India which can be subdivided into secured and unsecured loans.
We have partnered with leading institutions to help you get finance conveniently with
- Attractive interest rates to make your loans affordable and easier on your wallet.
- Customised repayment options to suit your needs.
- No hidden charges.
- Expert counselling to help you make the correct buying decision.
Financial institutions offer loans without collateral based on different factors like the borrower’s credit score, repayment history etc. Lenders can avail of these loans to finance different experiences as well as deal with emergencies without creating a dent in their pockets. However, these loans attract a higher rate of interest as compared to other loans.
1. Personal Loans
If you been holding back on things you really want or there Is a temporary shortage of funds preventing you from indulging your family or even yourself? Then personal loan is what you should consider and can be used for marriage expenses, paying the medical bills, going for your dream vacation or renovating your home. After all, why postpone your aspirations to another day.
2. Small Business Loans
Every business requires funding from time to time. It doesn’t matter whether you are a budding entrepreneur or a business person looking to expand your business. Business loans have your covered with customised solutions for all your capital requirements such as technological advancement, or perhaps through setting up ancillary units in different markets, or even scaling up production to anticipate future demand.
Secured loans require you to provide an asset as a security against your borrowing. The assets secure the rights of the lender in case the borrower cannot make good the borrowings. The loans have a lower rate of interest as compared to unsecured loans. The Pradhan Mantri Awas Yojana initiative by the Prime Minister of India has provided a major impetus to home loans in India. A couple of secured loans include:
1. Home Loans
A home occupies a special place in our lives. We create memories that last a lifetime. Many individuals & families still have not yet purchased their first home. We aim to make a difference in the lives of these individuals and families. Home Finance therefore, is a vital step towards realising this dream. Our team will work with you to customise a solution that is just right for your need. Whether it is financing a new home, home extension, home improvement, home construction or even purchasing a plot of land before building your home.
2. Loans Against Property
Property loans allow you to mortgage your property to avail of funds to finance your business or personal requirements. The loan amount disbursed ranges between 60-70% of the market value of a residential or commercial property. You can negotiate with the representative of the lender to vail the ideal value on your property.
3. Loans Against Security
We can offer loans against select listed as well as unlisted securities, ranging from shares to mutual funds and bonds, to meet contingencies, personal needs or even capture a business or market opportunity. You can obtain a loan of upto approximately 70% of the units pledged.
A borrower must always make sure to weigh the pros and cons of secured and unsecured loans before making an application for the same.