We have a range of products to cover your varied needs from our principles. You can avail Easy & Hassle Free of our Loan Against Property for any of the following:
Provides an extensive range of non home loan products like Loan for Purchase & Construction of Commercial Property, Loan Against Residential & Commercial Property and Lease Rental Discounting.
Avail project loans for running Schools / Colleges / Existing Companies etc. Based on the customer profile, income & Asset they will get the funding upto 65% from the project cost.
Not all lenders ask for the same thing as security on a secured business loan, but you should expect to pledge assets such as the following:
It's important to bear in mind that the value of your assets must be sufficient for a lender to justify giving you the loan.
You must meet the following requirements to be eligible for a secured loan:
An overdraft facility provided by a lender such as a bank or non-banking financial company is a type of loan which you borrow up to the limit permitted through your account with the lender.
An overdraft facility allows you to write cheques or withdraw cash from your current account up to the overdraft limit approved. It is a short-term (usually up to 12 months) standby credit facility which is usually renewable on a yearly basis. It is repayable on demand by the bank at any time.
Benefit : Use for Business or personal.
Security : Assets like financial instrument and property.
Account : Current Account.
Cash credit is a type of short term loan provided to companies to fulfill their working capital requirement. Overdraft is a facility given by the bank to companies, to withdraw money "more" than the balance available in their respective accounts.
The cash credit facility is generally given for a period of 12 months and reviewed / revised at the end of the year.
Security : Pledge or hypothecation of inventory.
Account : CC Account.
Working Capital facility to the industry to finance day-to-day requirement. The working capital funds are generally required for purchase of raw materials, stores, fuel, for payment of labour, power charges, for storing finished goods till they are sold out & for financing the sales by way of sundry debtors / receivables. Cash Credit facility is granted to the customers to bridge working capital gap.
Repayment : A working capital loan is to be repaid in limited number of installments
Tenure: A working capital loan is a short term loan and its tenure is usually a few months or years.
Allowed principle: A Working Capital Loan is capped much lower than a term loan
A Term Loan is an asset backed long term loan that has a specific repayment schedule.
Repayment: A term loan has to be repaid in multiple regular installments over a period of time.
Tenure: A term loan, being a long-term loan has a longer tenure that can go as long as ten years.
Allowed Principal: A term loan usually has a larger principal as it is used for the purchase of long-term assets.
LC (Letter on credit), BG (Bank Guarantee), SLCC, etc
Construction Finance or Project Finance is a unique offering under which some banks directly finances real estate developers for projects they are developing. This product comes with customized offerings built around real estate developer’s project acquisition and construction cost basis a detailed evaluation of the project .Our focus in Construction Finance is primarily on financing residential projects which give fillip to retail mortgage business.