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A loan is a sum of money borrowed from a lender, to be repaid with interest, usually in a series of installments over a fixed period of time. Loans can be used for various purposes, such as financing a purchase, consolidating debt, or covering unexpected expenses.
The borrower agrees to repay the loan, with interest, according to the terms and conditions set by the lender. Loans can be secured or unsecured, and the interest rate and repayment terms may vary based on the lender, borrower's creditworthiness, and other factors.
The process of paying off the entire loan amount before the end of the loan tenure. Repaying part or all of the loan amount before the end of the loan tenure.Changing the loan repayment schedule, usually due to financial hardship.
Types Of Loans
Personal Loan
Meet unexpected expenses with flexible personal loans, offering easy repayment options and quick disbursal always available.
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Home Loan
Realize your dream home with affordable home loans, featuring low interest rates and flexible repayment tenure options.
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Car Loan
Drive your dream car with easy car loans, offering competitive interest rates and hassle-free loan processing always
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Business Loan
Fuel your business growth with tailored business loans, providing flexible repayment options and quick access always available
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Get the Answers You Need for Your Loan Queries
A loan is a sum of money borrowed from a lender, to be repaid with interest.
The interest rate varies depending on the lender, loan type, and borrower's creditworthiness.
Loan processing time varies from a few hours to several days or weeks.
Eligibility criteria include age, income, credit score, and employment history.