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No.4, 3rd Floor, Swathi Complex No. 34, Venkat Narayana Road, Nandhanam, Chennai-600018 Tamil Nadu – India

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LOAN PRODUCTS

Financial offerings that provide funds to borrowers with the agreement to repay the amount with interest over a specified period, such as personal loans, mortgages, or auto loans.

HOME LOAN

Home Loans are loans taken to purchase or renovate residential property.

  • Interest Rates: Fixed or floating rates, with terms ranging from 10 to 30 years.
  • Eligibility: Based on income, credit score, and property value.
  • Tax Benefits: Deductible under Section 24(b) and Section 80C of the Income Tax Act.

LOAN AGAINST PROPERTY (LAP)

Loan Against Property involves borrowing against the value of a property owned by the borrower.

  • Interest Rates: Typically lower than unsecured loans.
  • Use: Can be used for various purposes, including personal needs or business expansion.
  • Risk: Property is at risk if the borrower defaults.

EDUCATION LOAN

Education Loans are designed to finance higher education expenses.

  • Coverage: Includes tuition fees, accommodation, and other education-related expenses.
  • Repayment: Often starts after the completion of the course or a grace period.
  • Interest Rates: Varies based on the lender and borrower’s credit profile.

AUTO LOAN

Auto Loans are loans for purchasing vehicles.

  • Interest Rates: Fixed or floating, with tenures typically ranging from 1 to 7 years.
  • Eligibility: Based on income, credit score, and vehicle value.
  • Down Payment: Usually requires a down payment or margin money.

PERSONAL LOAN

Personal Loans are unsecured loans for personal needs.

  • Flexibility: Can be used for various purposes such as medical expenses, travel, or debt consolidation.
  • Interest Rates: Higher compared to secured loans due to the lack of collateral.
  • Repayment: Typically short to medium-term loans.

LOAN AGAINST SHARES (LAS)

Loan Against Shares involves borrowing against the value of shares or securities owned by the borrower.

  • Interest Rates: Generally lower due to the collateral.
  • Use: Can be used for personal or business needs.
  • Risk: Shares are at risk if the borrower defaults.

LAMF (Loan Against Mutual Funds)

Loan Against Mutual Funds allows borrowing against the value of mutual fund units.

  • Interest Rates: Typically, lower due to the collateral.
  • Use: Can be used for personal or business needs.
  • Risk: Mutual funds are at risk if the borrower defaults.

WE ARE AT

No.4, 3rd Floor, Swathi Complex No. 34, Venkat Narayana Road, Nandhanam, Chennai-600018 Tamil Nadu – India

WRITE TO US

FOLLOW US ON

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