We offer several innovative mortgage products to provide financial assistance to prospective homeowners.
A home loan simply means 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. People generally take a home loan for either buying a house/flat or a plot of land for construction of a house, or renovation, extension and repairs to the existing house. The property is mortgaged to the lender as a security till the repayment of the loan. The bank or financial institution will hold the title or deed to the property till the loan has been paid back with the interest due for it.
Home loan rates can be either fixed or flexible. In the former, the interest rate is fixed for the loan's entire tenor, while in the latter, the rate does not remain fixed.
Personal Loan is an unsecured credit provided by financial institutions based on criteria like employment history, repayment capacity, income level, profession and credit history. Personal Loan, which is also known as a consumer loan is a multi-purpose loan, which you can use to meet any of your immediate needs.
A personal loan allows you to borrow money from a lender for almost any purpose, typically with a fixed term, a fixed interest rate, and a regular monthly payment schedule. A personal loan is an unsecured loan that comes to you without having to submit any collateral for the same. Personal loans typically have lower interest rates than most credit cards.
It can be given for numerous purposes such as marriage, education, medical emergency, travel, home renovation, etc. Both salaried and self-employed can apply for a personal loan. The loan comes with attractive interest rates and flexible repayment options.