A car loan is secured against the vehicle you intend to purchase, which means the vehicle serves as collateral for the loan. If you default on your repayments, the lender can seize the auto. The loan is paid off in fixed instalments throughout the loan. Much like a mortgage, the lender retains ownership over the asset until you make the final payment.
Interest Rates
Given that the lender has financial control over the car—it's a secured loan—the debt is deemed a lower risk, which generally translates to a significantly reduced interest rate for the borrower. Interest rates are also fixed, so borrowers are not subjected to the increases that can be associated with unsecured personal loans.
Amount
ROI (% p.a)
2500000
9%
A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans.
We provide loans to:
1) Transport Business
2) Agro industries small scale
3) Small scale businesses
4) Cottage Industries.
5) Agricultural based businesses
According to RBI, 40% of banks total amount must be provided with loans and hence we do that.
Amount
ROI (% p.a)
0 To 2500000
13%
2500001 To 5000000
12%
5000001
11%
10000000
10%
20000000
9%
An education loan is a sum of money borrowed to finance post-secondary education or higher education-related expenses. Education loans are intended to cover the cost of tuition, books and supplies, and living expenses while the borrower is in the process of pursuing a degree. Payments are often deferred while students are in college and, depending on the lender; sometimes they are deferred for an additional six-month period after earning a degree. This period is sometimes referred to as a "grace period."
Amount
ROI (% p.a)
2500000
13%
A personal loan is a type of unsecured loan and helps you meet your current financial needs. You don’t usually need to pledge any security or collateral while availing a personal loan and your lender provides you with the flexibility to use the funds as per your need. It can serve as your solution for managing your travel costs and wedding expenses as well as the expenses of a medical emergency, home renovation, debt consolidation and others.
Amount
ROI (% p.a)
2500000
14%
5000001
13%
A sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms.
Amount
ROI (% p.a)
2500000
14%
Crop loans are a type of short-term advance offered pre-dominantly by primary co-operative societies within the area, to cover the cost of cultivation. It can be used for purchase of quality seeds, fertilizers, manure, etc. This loan can be repaid once the crops have been harvested.
The loan amount is fixed based on the cultivation area and the type of crop being cultivated. The District Technical Committee (DTC) fixes the scale of financing required for each crop in that particular area. The loan amount would be based on that report
Amount
ROI (% p.a)
2500000
14%
Cash credit is a facility to withdraw money from a current bank account without having credit balance but limited to the extent of borrowing limit, which is fixed by the commercial bank. The interest in this facility is not charged on the borrowing limit, which is given by the bank but on the daily closing balance.
