Financeseva-Loan

  What is an unsecured loan? Unsecured loans are loans that are provided by lenders without any collateral or any security. It does not have risk of losing your assets. Other than unsecured loans there are secured loans such as mortgages, pledges, etc. There is a necessary point to keep in mind that lenders verify your certain details such as your credit score, your past relation with your lender before disbursing your loan amount.   There are various kinds of unsecured loans- Personal loan A personal loan is not a huge amount loan in which money has been borrowed from a bank, or non-banking financial company (NBFC) to meet personal needs and day-to-day emergencies. These loans are the most popular unsecured loans and are not backed by collateral. Due to  unsecured loans the lender cannot auction or sell anything the borrower owns. It secures you from the risk of Lossing your assets. Personal Loan are usually a medium-term solution for managing your finances and can be u...

Secured Loan A secured loan is a loan backed by collateral, the financial assets you own like a home or car or bond or share are considered collateral. The idea behind a secured loan is a basic one. Lenders accept collateral against a secured loan to motivate borrowers to repay the loan on time. After all, the anticipation of losing your home or car is a powerful encouragement to repay the loan and avoid any kind of repossession or foreclosure. Financeseva provide both secured and unsecured loans at competitive rates with a host of benefits. There are almost 80+ customized loan products available in the portal of  financeseva , where you can search, compare and choose the right financial product that best suits your profile and requirements. When you approach any lender for a   secured loan , then the lender will ask which type of collateral you’ll put up to “back” the loan. Let’s assume that if you have facing an issue in paying the loan, the lender can put a lien on the coll...

  Loan Against Property in India Want funds to run a business or any other purpose. If you are hesitant to borrow from friends or relatives, you can opt for loan against property (LAP) in case you own a residential or commercial property, by pledging collateral as a security you can borrow lump sum loan amount to fulfill your requirements- this is how loan against property in India works.   Typically, a  Loan Against Property   in India  mortgage loan that aids individuals to invest in their business ventures. With a LAP; you can leverage the value of the property and get your work done. Get maximum fund against the market value of your property at the best mortgage loan interest rates. In the meanwhile, you can focus on growing your business from the comfort of your own property   Loan Against Property: Benefits Benefits of  Loan Against Property   vary across different lenders and loan schemes. However, some of the common mortgage loan benefits ...

  Documents Required for Education Loan An education is a loan which is offered to the learners or students for applying to fulfill their financial need and continue with their studies. The student can take the borrowed amount from many banks, financial bodies, or Non-Banking Financial Institutions (NBFCs) to pay the fees for their respective courses. It is also known as student loan.   Planning for higher studies but not having sufficient money , Financeseva offers an Education Loan at an attractive rate of interest @9.75% onwards with the flexible repayment tenure. And you can avail a maximum loan amount up to Rs. 30 lakhs. Mandatory documents for Education loan Listed below are the Document Required for Education Loan that are required to avail an education loan: -   2 passport size photographs. Age proof: - Aadhar card, driving license, passport, voter ID Card of the student and co-borrower. Residence proof: - Copy of telephone bill, ration card, electr...