The Loan agent can provide loans for below businesses. This includes
- Loan Against Property
Property loan is where the money is collected by the bank through the mortgage of your property. Your property serves as a deposit of protection of the bank’s money and the original loan documents of the lender will be kept under the custody of the bank until the repayment of the credit money. When people do not pay the monthly installments, banks are restricted to the estate of the loan by legal procedure.
Banks will only authorize the loan to 40%-60% of the value of property; some banks may even allow authorization loans to 70% of the value of their property.
Low-Interest rates on loan against property are higher than home loans. Just like any personal loan, there is no restriction on using the proceeds of a loan against property.
Loan Against Property (L.A.P) products include
- L.A.P. for residential property
- L.A.P. for Commercial Property
- Commercial Property Purchase Loan
- Lease Rentals discounting
2.Vehicle Loan
You are planning to buy a new vehicle but running short of money right? You’re not alone many people don’t have enough cash to buy even a good, much less a new, used car. They’re making a loan therefore.
A car loan is almost what you think it is: it is a personal loan that is used to buy a car. It is a private loan. In fact, the creditor loans the money it takes to buy a vehicle to the borrower (you). The lender offers to repay the founder, usually in monthly payments, for the amount of the loan plus interest until the amount owed is completely reimbursed.
Vehicle Loan Products
- Commercial vehicle loan
- Two-wheeler Loan
- Four wheeler loan
- Used Car loan
3.Personal Loans
To get quick money wherever possible, the best option is to look for a personal loan. You have to comply with certain financial institutions conditions in order to get your loan accepted. Most loan applications are denied because they do not meet most financial institutions ‘ personal eligibility criteria.
The denial of personal loans is a grave blow, in particular if you are unable to handle the funds. If you apply for a new loan, ensure that the various reasons for your past refusals are recognized.
One can opt for personal loan to overcome the below financial issues
- Marriage
- Medical expenses
- Educational needs
- Business
- Other financial issues
4.Business Loans
Businesses are expected to fund or pay for investments a sufficient amount of capital. As a result, business borrowing earns the financial support they need. A corporate loan is a mortgage, which the company has to repay under the terms of the loan.
Business Loan can be opted in below cases:
- Trading Trader
- Producer
- Shop Owner
- Partnership Firm
- Private Limited Company and Limited Company
- Single Ownership firm
5.Home loan
At least 750 is considered to be a good rating. When lending you cash, lenders often test the credit score. When requesting a loan check, therefore, your credit scores will not be denied. In the case of poor credit card ratings, correct them. Therefore, your loan is more likely to be approved and your personal loans even enjoy low-interest rates.
A personal loan has some eligibility criteria. As always, you get the loan amount within 24 hours of your request, if you apply for an online loan. When the records are checked offline, the online check of a home loan takes time. Only then will it not be much hard for people to receive the loan amount for both the loans if you meet all eligibility criteria.
The home loan products include
- Construction Loan
- Extension loan
- Improvement Loan
- Plot Loan
- Balance Transfer