Personel Loan
Well in modern day, need to money is obvious. We may have some family member ‘wedding, planning to go out, hospital expense, may have plan to buy something expensive, there are so may reason may need to have personal loan requirement.
There are so many banks, NBFC, private institute are ready to give loan on immediate basis, on some certain set of documents. It will vary from institute to institute.
There are other way to reduce interest rate to transfer the existing loan to other banks who have the lower interest rate. In Banks and NBFC they do have provision that called “balance transfer”
Business Loan
Business loan can help to grow companies, shop, seller, and wholesaler, etc. to borrow money to cover a verity of expenses, such as purchasing inventory, expanding operations, hiring employees, and other works can be done. The loan is typically repaid over a set of period of time, with interest and fees.
Business loan eligibility depends on , type of loan, interest rate, and repayment terms will vary based on the lenders, the size of loan, and the creditworthiness of the borrows.
Overall, business loan is a valuable sources of financing for companies looking to grow and expend, allowing them to invest in their future success.
There are other way to reduce interest rate to transfer the existing loan to other banks who have the lower interest rate. In Banks and NBFC they do have provision that called “balance transfer
Home Loan
In India, buying a home is not just a business deal, it a sentiment and dream of each Indian. The young Indian population and growing middle class having a high demands to buy property, so in such scenario, government and private institute are playing a major role to support their dream to buy home with affordable interest rate.
In apartment, bank normally funds after agreement of the property and there are some private NBFC who ready to take high risk to support maximum amount of money in easy document and affordable interest rate.
There are other way to reduce interest rate to transfer the existing loan to other banks who have the lower interest rate. In Banks and NBFC they do have provision that called “balance transfer”
Loan Against Property
This terminology is very easy to get the loan, from banks and any other financial institute. This is very safe and secure. In the value of property, bank and financial institute will release the money in very short time period & you can use that money according to your requirement. Suppose, for children higher education expense, immediate money, loan required for expansion of your business, consolidation for debt, home renovation, etc.
There is a normal process to get the loan. But you have to submit the document of the property to take the required amount of money.
Overall, loan against property can provide a flexible source of financing, allowing individuals and business to borrow against their property to meet their financial need. However, it’s important to consider the risk involved, such as potential loss of the property, if the loan is not repaid.
There are other way to reduce interest rate to transfer the existing loan to other banks who have the lower interest rate. In Banks and NBFC they do have provision that called “balance transfer
Gold Loan
It’s a secure loan, to avail individual have to pledge the gold as a collateral and the loan amount is determined based on the value of gold, which is assessed based on weight, purity and market price.
Gold loan is popular-
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- Easy to obtain
- No credit check- no credit check required, no matter whether it’s a poor or good, both can obtain
- High loan to value ratio-borrowers can receive a substantial loan amount relative to the value of gold pledge
- Short repayment period
- Liquidity- they can avail a loan in hours