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Home Loan
lease rental discounting
Trade Finance Service
cash credit service
LC Discounting Services
Loan Against Property
A LAP is a Secured Finance Provided by a Bank or a Financial Institution against the Mortgage of customer’s asset or Property as collateral to the Bank/ Financial Institution. Typically the banks and other lending institutions offer loan against residential, commercial and industrial property (Building / Plot) The Loan amount can be used for Several Personal and Professional needs such as House renovation, Business expansion, Purchase of new Property, For Immediate working Capital in business, Investment in New technology for Business or Acquiring New machinery etc. A Barrower usually get between 40-70% on LTV (Loan to Property Value) varies from one Bank to another Banks / Financial institution.
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Credit card service
Credit Card is also known as plastic credit. It is issued by a bank or a similar financial institution that gives authority to the borrower to borrow funds at the point of sale. Credit Cards are a convenient substitute for cash and primarily used for short-term financing. A Credit Card is issued based on eligibility factors that include monthly income, credit history, credit score, company category and other related factors. The lending financial institution draws a credit limit for each borrower based on his/ her credit profile. Usually, the borrower must pay back the credit within 45 days of the purchase. In case, the cardholder delays or fails to pay back the amount, the bank charges interest on the borrowed amount.
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business loan
What is an Unsecured Business Loan? The growth and sustainability of a business depends on the continuous inflow of funds. The funds might be required to expand the business or purchasing equipment. The funds can be borrowed in the form of a loan from banks and other financial institutions. Business Loans are typically unsecured in nature which means no collateral or security is required to borrow a loan. Business Loan is a debt provided to the company or the self-employed professionals or business owners that are to be repaid along with the principal amount. The rate of interest is usually pre-determined by the lending institutions. A Business Loan in India is offered at competitive interest rates, with a low processing fee, and without any security or collateral. Several leading banks and NBFCs including HDFC Bank, ICICI Bank, Capital First, Citibank, Fullerton India, Tata Capital, and so forth are offering business loans. Types of Business Loans Some types of Business Loans are explained below: Term Loans: Term Loans could be used for business expansion or capital infusion requirement of an organization. Generally, a term loan is the loan offered for the acquisition of long-term fixed assets including land or building, machinery, and other business needs. The interest rate can be either fixed or floating and are usually have a fixed repayment schedule. Special Business Loan Scheme for Women Entrepreneurs: Today banks are offering attractive business loan scheme for women entrepreneurs at low rates of interest. However, women entrepreneurs who have business ownership of less than 50% are not eligible for special loan schemes. Working Capital Loans: These types of loans are offered to meet the daily operating expenses of the business. These loans can be further classified as secured and unsecured loans.
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Mortgage Loan
business loan
Personal Loan
Bank guarantee
Mortgage Loan
lease rental discounting
Trade Finance Service
Bank guarantee
Personal Loan
What is a Personal Loan? Personal Loan is an unsecured Finance offered by a Bank / Financial Institution based on the credibility and re-payment capacity of the Borrower.This funds generally used for paying off debts, Unexpected medical expenses, Going on Vacations, Home improvement, Buying Appliances and latest GadgetsAs it is an un-secured loan (No Collateral), the rate of interest is little higher and Tenure is shorter than secured loan Personal Loan Eligibility Factors and Key Documents: A Personal Loan is offered based on certain factors that determine the eligibility of the borrower. Some of these are enumerated below.
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Home Loan
A Home Loan is a Secured Finance Provided by a Bank or a Financial Institution to enable its Customer to Purchase, Construct or improve their Home, One can also avail a housing loan to buy a plot of land and construct on it. Home Loans are also issued to extend/ repair/ renovate/ alter a new or second-hand property. Bank used to provide up to 90% of the Cost of the property depending upon the eligibility and are repaid using Equated Monthly Installments (EMIs) spread over a fixed tenure. The EMI is calculated on a reducing balance basis. A reducing balance loan means that in the initial days of the loan, the interest component of the EMI is high. But gradually, as you keep on paying more EMIs, the interest component of the EMI goes down and the principal component increases towards the end of the tenure. Benefits of availing a Home Loan An accomplishment – Every individual dreams of owning a house in their name. A home loan allows you to accomplish this feat and realize your dreams. This is one of the biggest financial investments you make in your lifetime and can therefore be considered an accomplishment. # Avail Govt. Subsidy Up to 2.67 Lakhs under PM AWAS Yojana # Capital appreciation – Land is an appreciating asset in most cases. Construction costs have also increased over the years. As rents get more expensive with inflation, investing in your own house can shield you from inflation. # Benefits in interest rate – In the 90’s, banks used to charge up to 18% interest on loans. Today, you are able to get a home loan at 8.30% annually. The decrease in the interest rates coupled with capital appreciation makes it a dual benefit plan.
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