Loan or Finance

You don’t always have the money you need to do certain things or buy certain things. In this situation, individuals and businesses / companies / institutions go to borrow money.
There are three types of loans – principal or borrowed amount, interest rate and the period or period for which the loan is taken..

When a bank lends money to a person or entity with a specific guarantee or repays the loan on a trust basis with some additional benefits, such as an interest rate, this process is called lending.

Many of us prefer to borrow from a bank or non-banking financing company because they are committed to government policies and are reliable. Lending is one of the primary financial products offered by any bank or non-banking financial company.

Types of Borrowing

Education Loan, Personal Loan, Auto Loan, Home Loan, Gold Loan, Property Loan Or Loan To Buy Product Like TV, Fridge, Washing Machine

Personal Loan

When it comes to cash, you can go for personal loans. The purpose of taking out a personal loan can be anything from repaying an old loan, going on vacation, to financing a house, car downpayment and for medical, to buying furniture or gadgets.

Auto loan

Loan for purchase of two wheelers and four wheelers, loan for purchase of new or used vehicles. Based on the on-road price of the vehicle, you have to be prepared with a downpayment to get the vehicle as the loan rarely provides 100% loan. The vehicle will be owned by a bank or non-banking financing company until full repayment.

Home loan

To buy a house, flat, to build a house, to repair a house or to build a house / flat There is a home loan to buy the plot. In this case, the property will be with the bank or non-banking financing company and the ownership is transferred to the rightful owner upon completion of the repayment.

Loan on property

Assets, mutual funds, insurance policies, bonds, FD certificates, shares and other assets are mortgaged. Based on the value of the mortgaged property, the bank will lend with some margin.

The borrower needs to repay on time so that he / she can get possession of the mortgaged property at the end of the term. Failing to do so, the bank may sell the property to recover the arrears.
Assets, mutual funds, insurance policies, bonds, FD certificates, shares and other assets are mortgaged. Based on the value of the mortgaged property, the bank will lend with some margin.

The borrower needs to repay on time so that he / she can get possession of the mortgaged property at the end of the term. Failing to do so, the bank may sell the property to recover the arrears.

Loan on gold

Many financiers and lenders offer cash when the borrower is mortgaging gold.

Documents required for loan

• Identity and address proof
• Last 6 months bank statements
• Processing fee cheque
• Income Documents
• Latest Salary Slip
• Form 16

Who can borrow

• Good source of income
• A good credit score
• Age between 23 years and 60 years at the time of admission

• Some assets like FDs, investments, real estate etc. Good
• Relationship with your bank History of timely repayment of loans