Loans
Loan is the lending of money by one or more individuals, organizations, and/or other entities to other individuals, organizations etc. The recipient (i.e. the borrower) incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.
Home Loan
A home loan or housing loan is an amount borrowed by individuals for a fixed tenure from financial institutions to buy, construct, repair or renovate a residential property.
Loan Against Property
Loan against property (LAP) is also known as 'Home Equity Loans' and is basically a kind of loan against the security of one's property. LAP is designed to meet the financial needs .
Overdraft
In overdraft bank allows the customers to continue withdrawing money individually even if the account has no funds in it or not enough to cover the withdrawal.
Cash Credit
Once a security for repayment has been given, the business that receives the loan can continuously draw from the bank up to a certain specified amount. A cash credit is a short-term cash loan.
Term Loan
Term loans can be given on an individual basis, but are often used for small business loans. The ability to repay over a long period of time is attractive for new or expanding enterprises.
Construction Finance
The real estate industry requires a constant stream for construction-related tasks. From under-construction stage developers must have funds available to ensure timely delivery.
Lease Rental Discounting
Lease rental discounting is a loan that you can borrow from the bank in return of the future rental receipts you hold of your leased property. In the above process, you get the loan for the leased property, the tenant or the lessee is paying the repayment to the bank.
Project Finance
A type of loans for purchase / construction of commercial property in approved areas. This includes loans for office space, shops. Project loans are usually used to finance a large-scale building that provides some public benefit.