Personal loans are unsecured credit with flexible end-use that typically have a tenure of 12 months to 72 months. If a shorter tenure is chosen, individual EMI amounts are higher, while a longer tenure results in lower individual EMIs. The following are the key features of a personal loan
Home loan help you realise your dream of owning a house without breaking your savings and investments or impacting your other important financial goals such as children’s higher education and retirement. It comes with a host of benefits and features, including high-value financing of up to Rs. 10 crore, low interest rates, flexible repayment tenure of up to 30 years, annual tax benefits, PMAY subsidy of up to Rs. 2.67 lakh, balance transfer facility and top-up loan facility. Housing loans can also be availed by those who need funds to construct a house or expand, repair and renovate an existing property.
Business loan is the primary unsecured type of funding, designed to meet the day-to-day business requirements of business owners or enterprises. Borrowers are not pressurized to submit any collateral or security to avail unsecured business loan.