Loans
Home Loan
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.
Personal Loan
A personal loan is a form of credit that can help you make a big purchase or consolidate high-interest debts. Because personal loans typically have lower interest rates than credit cards, they can be used to consolidate multiple credit card debts into a single, lower-cost monthly payment.
LAS/LAP
Loan against shares enables you to borrow funds against listed securities such as shares, mutual funds, insurance and bonds to meet your current financial needs. You can opt for loan against shares when you need instant finance to meet your personal/business needs whereas, loan against property (LAP) is a secured loan that banks, housing finance companies and NBFCs provide against residential or commercial property. These loans are usually offered at a lower interest rate as compared to a personal loan or business loan and are disbursed at a reasonable time.
Balance Transfer
When loan amount is Transferred from one bank to another to take the advantage of lower interest offered by the bank where we want to switch the outstanding loan amount.
