Business entities such as proprietary concerns, partnership firms, private limited companies, self-employed professionals, and self-employed non-professionals can apply for Business Loan. All applicants are required to fulfil the eligibility criteria and submit their relevant documents.
An overdraft lets you borrow money through your current account by taking out more money than you have in the account – in other words you go “overdrawn”. There's usually a charge for this. You can ask your bank for an overdraft – or they might just give you one – but don't forget that an overdraft is a type of loan.
What is meant by Cash credit? Cash credit is referred to as short-term funding or loan for a company so that it can meet its working capital requirements. Cash credit is a sort of loan that is offered to businesses by financial institutions like banks.
A personal loan is a loan that does not require collateral or security and is offered with minimal documentation. You can use the funds from this loan for any legitimate financial need. Like any other loan, you must repay it accordance to the agreed terms with the bank. Normally this can include a few months to a few years in easy equated monthly instalments.
A home loan is a financing solution that you can avail of to buy your desired property. You can apply online for a housing loan for the purpose of buying, renovating, repairing, or constructing a house.
Loan Against Property is a secured loan in which you mortgage your property to a lender in exchange for a substantial sanction to cover your expenses. Several factors influence the final loan amount, including the individual's profile and repayment capacity, the property's market valuation, and the lender's loan to value ratio.
Construction loans have several advantages, one of which is that they are short-term. Construction loans ensure that you have the funds you need when you need them, and while the term is flexible, it is usually short enough that you will not pay a lot of interest.
Health insurance is a type of insurance that allows the insured to claim compensation for their medical expenses. It may include doctor's fees, medication, diagnostic tests, and hospitalisation expenses.