Personal Loan

For all those times when you need access to funds quickly and discreetly- a Personal Loan is your answer. Personal loans application & disbursement are quick, be it renovating your house, getting married, a vacation or coveted gift for someone special.

Personal loans are no-questions-asked unsecured loans given to individuals on the basis of their profile only i.e. income, nature of employment, years of work experience etc. Such loans, unlike property based loans or car loans do not require the borrower to give any kind of security or collateral. Personal loans are currently offered from Rs 50,000 to Rs 50 Lakhs and are typically repaid in tenures ranging from 1 to 5 years. They can usually be processed and disbursed within a week.

Most banks do not question the purpose for which the loan is required, but you would still be required to state the purpose on the application form. Almost universally, banks do not allow these loans to be taken for speculation e.g.: investing in stocks etc.

Business Loan

Business loans are fairly generic term used for different types of finance options that a business can access. In the current context, under Business loans we are largely referring to unsecured income-based loans for self-employed individuals or Businesses.

Unsecured business loans have no requirement for a security or collateral to be submitted and are offered purely on the current financial strength and past credit record of the borrower. Such loans can extend from Rs 1 lakh to 1 crore and have a repayment period of 1-5 years. They are ideal for businesses looking at funds for capital expenditure, infrastructure/ business development, business expansion or to fund any small to medium term enterprise.

They are not as flexible as overdrafts and other credit lines that support day-to-day working capital requirements but given their unsecured nature, they are relatively easy to avail with simple paper work and speedy processing. However, that also means that Business loans are usually costlier than other forms of secured business finance.

Home Loan

A dream everyone envisage within themselves, is to have their own “home sweet home”!

Buying a house is perhaps the biggest aspiration for most people. Today, making this dream a reality has become really easy, thanks to the variety of Home loans available in the market. Whether it is a first home that you are looking at or the second, whether it is for your family to live in or to simply make an investment, Home Loans make it possible. So what exactly is a home loan? A home loan is a where the consumer borrows money from a lender (typically be a Bank, an NBFC or a housing finance company), to purchase a residential property and offers the same property as a security.

Loan Against Property

Got a business idea you need funding for? Do you need to invest in your business expansion? Do you want low-cost funds for any other purpose? If you have a loan-free property then probably a Loan Against Property is the answer for you. Popularly known as LAP, these loans are a convenient means to access funds at interest rates lower than personal loans or other unsecured loans.

For LAP, you provide an existing property as a security or collateral. The current market value of the property determines how much loan you can get. Such loans allow the owners of properties to leverage the value of their existing properties to raise funds for a variety of reasons and also have varied repayment options & tenures.

Commercial Property Loans

Commercial Property loans are meant to purchase commercial properties much like Home loans are meant to purchase residential properties. Whether it is buying space for your first office or for subsequent branches or simply to invest in commercial real estate for rental income, Commercial Property loans are the answer.

Like Home loans and other property based loans, the consumer borrows from a lender (typically a Bank, an NBFC or a housing finance company), to purchase a commercial property and then offer’s the same property to the lender as security while continuing to pay the loan with varied flexible loan repayment options.