Types of Loan
Personal loan: Meaning?
In simple words, a personal loan is described as an unsecured loan taken by different individuals for their personal needs. This type of loan is given to individuals by banks or non-banking financial institutions. Here at our site, recognizing the need of the households to meet any shortfall that individuals experience in fulfilling their wants, we have included details on personal loans.
Individuals take a personal loan for buying a home, car, for children higher education or for during medical contingencies. But one main thing we need to remember of personal loans is that their duration is short and interest rates are high. Personal loans are of different types in India, to know more about them read the FAQ part of the website.
Business Loan: Meaning
In addition to this, the site also provides information on Business loans. The meaning and procedure to apply to a business loan are different from that of a personal loan. A business loan is a loan specifically intended for the business purpose of a company or individual. Business loans, just like other types of debt, will be repaid with added interest. Banks and other financial institutions provide business loans like cooperative society. In a business loan, the amount has to be paid back over a set time frame with regular prefixed payments. In this website, we have complied with the list of all information in relation to business and personal loans for the convenience of an individual looking for these types of loans.
easycashloan.in, as mentioned previously, is a one-stop online forum for all information in relation to loans and credit cards. We at the website help you compare financial products and information available in the market and choose the right one. The financial products on which we provide information relating to a personal loan, business loan, among other things. Here at the website, the information shared is compared based on key features. The features that help in our comparison are processing fees, interest rate, tenure, and other significant information. All in all, at our website, you can access information on the best product by genuine comparison in the most hassle-free manner.
Wide range of requirement in various locations available. Choose from various borrower profiles. Free registration.Why opt for unsecured loans ?
An unsecured loan is a loan that is issued and supported only by the borrower’s creditworthiness, rather than by any type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan, and it is also called a signature loan or a personal loan