Loan

Buying a house is one of the biggest dreams that come true for most people. A home loan can be opted to buy a new house/flat or a plot of land where you construct the house, and even for renovation, extension, and repairs to an existing house. Home loans offer high-value funding at economical interest rates and for long tenors. They are repaid through EMIs. You can get up to 80%-90% of the house’s market price in the form of financing. Home loans come with longer repayment tenure of 25-30 years. After repayment, the property’s title is transferred back to the borrower.

A Loan Against Property is also known as a mortgage loan. It is one of the most secured loans and carries a lower interest rate compared to other options. It allows us to use the value locked up in a property while continuing to occupy the property during the loan period. Get a loan at a lower interest rate. With an ongoing home loan, you are eligible to get tax benefits; A loan against property allows borrowers to use the money for various personal as well as business purposes, such as setting up ventures or expanding it to meet sudden medical expenses. This loan is also relatively easily available as lenders get a guarantee for the money they lend.

We understand, that it takes a lot of hard work and responsibility to build a business and sustain it in the market. To run a business smoothly is not an easy task as it requires a constant flow of money for the maintenance of services and operations. Sometimes, it’s challenging to generate a cash flow to sustain the business in the market. In such a case, Working Capital plays an important role in finance that helps the company’s day-to-day operations. Businesses shall always showcase positive working capital to meet their short-term requirements and retain the competitive advantage in the given market scenario.

A construction loan is a short-term loan used to finance the construction of a home or other real estate project. Once long-term financing is secured, the contractor or home buyer must take out a construction loan to cover the building costs. Construction finance also puts you in a better working capital position so you can take on bigger jobs without worrying about getting paid for outstanding accounts receivable. Pay wages, bills, labor costs, or suppliers before you get paid by the customer/main contractor. Improve cash flow.

We offer loans to construct or develop both residential and commercial projects, whether they are proposed or ongoing. It is the funding (financing) of long-term infrastructure, industrial projects, and public services using a non-recourse or limited recourse financial structure. The debt and equity used to finance the project are paid back from the cash flow generated by the project.

Quality education is of prime importance for students. Education loans cover the cost of tuition, books and supplies, and living expenses while the borrower is in the process of pursuing a degree. We offer such loans at affordable interest rates and with flexible terms and conditions to qualified applicants.

Balance transfer of loan is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest, additional amount and also better features. Almost every type of loan - auto, personal, home, education has a balance transfer facility and almost all banks provide this facility.

Loan restructuring can be used by business owners, and other personnel to avoid defaulting on their current loans by modifying the terms of the ongoing loan. Once restructured by the lender, it may become easier for the borrower to pay off the debt and help in reducing overall NPAs for lenders. New beneficiaries can get some respite in making their EMI payments once their loan is restructured by the lender.

A Non-Performing Asset is a classification used by financial institutions for loans and advances on which the principal is past due and on which no interest payments have been made for a period of time. In general, loans become NPA’s when they are outstanding for 90 days or more. We provide total guidance and educate the borrower on pre and post-NPA situations.