Loans

Personal Loan

This type of loan is suited for personal expenses related to special situations or occasions like marriage in the family, medical emergencies or other unplanned expenses. This is an unsecure

Home Loan

This type of a loan is for purchasing or constructing or renovating a home whether for self-occupation or for renting out. Loan tenure can go up to 20 years.

Loan against Property

This is a secured loan suited for larger quantum of loan amount to meet larger personal expenses or for business purposes and has a longer tenure (normally up to 10 years but can go up to 15

Balance Transfer

This is used to refinance higher cost home loans or loan against property to cheaper interest rates. The savings through balance transfer can be huge e.g. even 0.50% interest rate reduction

Education Loan

This loan is given for higher education. It can be with or without guarantor / co-borrower and/or property collateral depending on the customer’s credit history, loan amount and the college

Loan for Rooftop Solar Installation

This type of a loan is given for getting rooftop solar installation for residential or commercial establishments.

Consumer Loan

This type of a loan is suited for purchase of consumer durables like TV, Refrigerator, Washing Machines, ACs etc. or productive use assets like welding kits, deep freezers, power cutting too

Loan against Securities

This is a secured loan given against securities like shares, mutual funds, FDs, NCDs, Bonds etc. and comes at a much lower cost than a personal loan. It is a very powerful tool in wealth bui

Business Loans

Working Capital Loan

This is a loan given to businesses to meet their working capital requirement in the form of an overdraft facility or a short-term loan with tenure less than three years.

Term Loan

This is a secured business loan given for a fixed tenure to set up a Project and tenure of loan can go up to 5-7 years.

Project Financing / Equipment Financing

This is a secured loan given for a specific project. The terms, tenure and security depend on the nature of the Project.

Trade Financing

Purchase Financing

This is a short-term loan of up to 90 days given to businesses to fund their purchases wherein the lender pays directly to the supplier on behalf of the customer.

Channel / Distribution Network Financing

This is a loan given to channel partners or distribution network of the Distributor in the form of a revolving OD limit to help them purchase and/or stock goods from the Distributor.

Bill Discounting / Factoring

This is financing against receivables for supplies wherein the seller submits to the lender all documents related to sale and the recipient of the supplies confirms to the lender to pay them

Import Financing

This is a loan given to an importer by making payment directly to overseas seller on behalf of the importer. This loan becomes relevant when overseas seller does not give credit or gives a v

Export Financing

This is upfront payment given to the exporter by the lender against exports made by the exporter with credit terms. Here the exporter submits to the lender all documents related to sale incl