The ownership of a house is one of the key signs of success among the fast-growing Indian middle class. As the income of the average Indian family increases, there has been a continuous increase in the desire to own a house and this has led the price of the property to reach unmatched highs in recent years. This is true for not just the big cities but also for smaller cities across India. This unbridled price rise has made it near impossible for the common man to purchase their home through just savings. This is among the major reasons for the home loan business witnessing unmatched growth in recent years. So much so that prospective home buyers have multiple options to seek a home loan from banks as well as NBFCs.
When granting a home loan, the lender uses your property (home) in order to secure the loan. Due to the use of your house as collateral, home loans are secured loans that involve a low level of risk for the lender. Being a secured loan, a home loan's interest rate is comparatively lower than an unsecured loan, such as a personal loan. The amount of the home loan can vary based on your income, credit history, the locality/city you are planning the purchase in, and various other factors. You can apply for a home loan jointly with your spouse, family members, or others as co-applicants.
By virtue of being an unsecured form of credit, one can avail a Personal Loan without pledging any collateral with minimal documentation, and easy eligibility criteria. This kind of instant loan does not have any end-usage restrictions, which means you could finance a royal wedding, a trip to your dream destination, renovate your home, deal with a medical emergency, or finance the expansion of your business.
Metro Capital will connect you to a lending partner of your choice, and our team will take you through the process quickly and with ease. Choose from our catalog of Personal Loan Partners of Banks and NBFCs according to your needs and convenience for rapid approval and swift disbursal of your personal loan.
A personal loan is an unsecured loan that can be used to meet immediate financial needs such as marriage, vacation, home refurbishing or interiors, paying off credit card bills, and others. Since, these loans are unsecured and do not require any security or collateral, they are much easy to obtain. Personal Loans are the most preferred type of financing among millennials because they are quick to obtain, need lesser documentation, and are multipurpose. For faster loan processing, and a variety of options to choose from, and low-interest rates.
A Loan Against Property or LAP helps you to purchase or maintain a home, land, or other types of real estate. Being secured in nature, LAP demands collateral against the loaned amount. LAP offerings against your commercial or residential property put you in a position to use the value locked up in your property to meet any expenses of any nature. You may select a high-value loan depending on the value of your property collateral for your borrowing.
A Loan Against Property may be termed as a loan availed from a bank, housing finance company, or NBFC against the property. The collateral property may be a piece of land, a house, or a commercial or industrial property. Your asset remains as security with the lender concerned until you pay back the entire amount of the loan. Lenders generally offer such unsecured loans at lower rates of interest for a reasonable period.
Lease Rental Discounting (LRD) is a financial product that allows businesses to access funds against their future rental income. LRD is a popular option for businesses that need to raise capital quickly and without having to put up collateral.
How Lease Rental Discounting Works
LRD works by discounting the future rental income of a property. The lender will pay the business a lump sum of money, which is less than the total amount of future rent payments. The business then repays the loan over a set period of time, with interest.
The amount of money that the business receives from LRD will depend on a number of factors, including the length of the lease, the amount of rent, and the creditworthiness of the business.
Volatile market trends and increasing business needs cause demand for urgent immediate cash-in-hand. A Business Loan designed for this purpose gives you the advantage to avail of unsecured credit at competitive interest rates.
Whether you plan to invest in infrastructure investment or upgrade plant and machinery, a Business Loan caters to all your commercial needs.
Running a business means paying for business-related expenses. Funds are a pre-requisite for expenses such as start-up expenses, business expansion, working capital, etc. When adequate funds are not available, businesses can avail funds from external lenders such as Banks and NBFCs for such expenses, and the funds that are availed are known as business loans. Thus, business loans are debts that a company must repay in accordance with the terms and conditions in the loan agreement.
Cars today are a basic utility that everyone feels the need to own. You've been waiting patiently and saving for that purpose. Metro Capital offers you the opportunity to own a car that you would not dream to own a decade ago. Metro Capital offers tailor-made car loans with exclusive features both for salaried and self-employed persons. To get your car within your reach, talk to your Metro Capital Team for constructive choices via phone, email, or chat, and apply for a Car Loan to get your Metro Capital Flexible Car Loans Advantage. Own a car you want with the Metro Capital team at your service!
A used car loan enables you to buy a pre-owned car at tempting interest rates. With zero hassle and quick sanction, a used car loan can be availed in no time as soon as the verification is done. With a maximum tenure of 7 years, many Banks & NBFCs provide a loan of 100% value of the pre-owned car.
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