‘Timely Return of a Loan makes it easier to borrow a second time’ – Loans have become essential part of the modern life, provided we use them efficiently. Loans can be classified into following broad categories
Individual Purpose Loans
As the name says, Individual Loans are the loans required to meet individual purposes such as Home Loan, Vehicle Loan, Consumer Durable Loan, Education Loan, Personal Loan, etc. These loans are generally applied under individual names and are repaid from Individual Income. These Loans are offered by Banks and Non-Banking Financial Companies.
Business Purpose Loans
A business loan is a loan specifically intended for business purposes. It can be secured as well as unsecured (without any security). Loans provide essential growth & expansion funding for a new as well as established business. Following are the major heads of business purpose loans
- Term Loans for Business Expansion
- Loan Against Property for Business
- Working Capital (Cash Credit or Overdraft) Loans for Business
- SME Business Loans>
- Project Finance Loans for Business
- Collateral Free Business Loans
- Unsecured Business Loans
These Loans are offered by Banks and Non-Banking Financial Companies duly registered and regulated by the Reserve Bank of India and or other Government agencies & regulators. It is to be noted that sanctioning and disbursal of any such loan is governed by the eligibility criteria, policies, rules and regulations of respective Lenders (Banks, NBFCs) and any sanction and disbursement is at the discretion of such lender.
We at ProSure IMF LLP, can help you in identifying, shortlisting and applying for suitable required business purpose loans within regulated financial markets of India. Contact us to schedule a meeting for this purpose and we will be happy to help you.
Risk Factors-
It is to be kept in mind that Mutual Fund Schemes are not guaranteed or assured return products. Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal. Further, Past performance does not guarantee future performance of any Mutual Fund Scheme.
It is advisable to consult and take services of a registered and accredited Investment Agency to help you in choosing most suitable Investment plans to meet the requirements. We, at ProSure IMF LLP, can help you in identifying & shortlisting your Investment and also facilitate Investment placement within regulated financial markets. Contact us to schedule a meeting for this purpose and we will be happy to help you.