What is loan?
You find the home. We will find the loan.
A loan is basically money borrowed with a guarantee of return within a specific time period. The lender comes into an agreement for a fixed rate of interest that you must pay on the borrowed money along with the main amount borrowed
Types of Loan
Secured Loan
Secured loans require collateral, i.e., you must provide an asset to the lender as security for the money you are going to borrow. In this way, if the loan is not repaid by you, the lender has the asset with him and can sell it to recover the money. Secured loan's rate of interest of secured loans are particularly lower as compared to those for loans without collateral.
Home Loan
This is a type of Secured Loan finance that funds you to buy or build the home of your preference.
Property Loan
Type of a loan where you can pledge any residential, commercial or industrial property for get the required funds.
Unsecured Loan
Unsecured Loans do not require collateral. A good credit score and history is vital for someone to avail this type of loan. Such loans attract higher interests as it can be pure risk for the lender if unpaid by the borrower.
Personal Loan
It is the most famous type of Loan, High interests are charged in this type of loan because it is unsecured and without any collateral.
Business Loan
Short term business loans can be availed for expansion purpose or to meet daily expenses of the Businessman.