Fast Loan India. works to improve your lifestyle. We have worked on varied domains and established a business sphere inspiring change.
Fast Loan Indiais an integrated organization with a vision to change lives through improved lifestyles and nutritional health
Fast Loan India works to improve your lifestyle. We have worked on varied domains and established a business sphere inspiring change.
Based on the Security Provided
These loans require the borrower to pledge collateral for the money being borrowed. In case the borrower is unable to repay the loan, the bank reserves the right to utilise the pledged collateral to recover the pending payment. The interest rate for such loans is much lower as compared to unsecured loans.
Unsecured loans are those that do not require any collateral for loan disbursement. The bank analyses the past relationship with the borrower, the credit score, and other factors to determine whether the loan should be given or not. The interest rate for such loans can be higher as there is no way to recover the loan amount if the borrower defaults.
Education loans are financing instruments that aid the borrower pursue education. The course can either be an undergraduate degree, a postgraduate degree, or any other diploma/certification course from a reputed institution/university. You must have the admission pass provided by the institution to get the financing. The financing is available both for domestic and international courses.
Whenever there is a liquidity issue, you can go for a personal loan. The purpose of taking a personal loan can be anything from repaying an old debt, going on vacation, funding for the downpayment of a house/car, and medical emergency to purchasing big-ticket furniture or gadgets. Personal loans are offered based on the applicant’s past relationship with the lender and credit score.
Home loans are dedicated to receiving funds in order to purchase a house/flat, construct a house, renovate/repair an existing house, or purchase a plot for the construction of a house/flats. In this case, the property will be held by the lender and the ownership will be transferred to the rightful owner upon completion of repayments.
The best thing about personal loans is they can be used for any reason. Secured and unsecured personal loans are an attractive option for people with credit card debt, who want to reduce their interest rates by transferring balances.
Student loans are offered to college students and their families to help cover the cost of higher education. Interest rates were reduced to 0% when the COVID-19 pandemic hit and remain there until at least Sept. 30, 2021. There are two types of student loans: federal student loans and private student loans.
Mortgages are loans distributed by banks, credit unions and online lenders to allow consumers to buy a home. A mortgage is tied to your home, meaning you risk foreclosure if you fall behind on monthly payments.
If you have equity in your home – the house is worth more than you owe on it – you can borrow against that equity to help pay for big projects. Home equity loans are good for renovating the house, consolidating credit card debt, major medical bills, paying off student loans and many other worthwhile projects.