Personal Loan
A Personal loan is a type of an unsecured loan, availed to meet unforeseen, emergency purposes and for genuine financial demands. Be it a medical emergency, buying your wished-for automobile, to pay the educational fees, to fund a holiday trip, to meet wedding expenses, for home improvements, to pay off other smaller debts, or any unexpected expenses, a Personal loan could be the best possible solution to overcome any personal financial issues.
Most personal cash loans are unsecured short-term loans that do not need any collateral to be placed as a guarantee. Since these low rate personal loans do not need any asset as surety, the borrower’s creditworthiness & financial record are considered before providing them.
They are probably the most convenient types of loans that can be availed for personal financial emergencies within a short period of time. Apart from having a relatively quicker processing and turnaround times, personal loans also do not need very complicated paperwork as they require lesser documentation.
Balance Transfer
Balance Transfer is a process wherein the unpaid or the outstanding principal of your loan amount can be transferred from one bank to another bank. The primary intention of the balance transfer personal loans procedure is to reduce the financial burden and to carry forward the remaining proceedings with another financial institution which offers more suitable terms. The most common reason why people choose a balance transfer of small personal loans is because they want to move their loan dealings from the existing bank to another bank or NBFC, which offers more favorable specifications like lesser interest rates, better loan tenure, zero processing fees, top-up loan facilities, dissatisfaction with the current bank services, etc.
Although this concept of balance transfer started with the credit card outstanding, it is now available for other quick personal loans and home loans also. The balance transfer method does not need any collateral to be placed as a guarantee by the borrower, but the current financier may levy foreclosure charges and, the new financier may charge some processing fee.
Home Loan
Owning a home is probably every person’s dream, and in India, being the owner of a house is one of the key signs of being financially well-settled & a matter of pride. With the real-estate prices rising to the skies and the demand for buying a property is increasing proportionately, it becomes difficult for any middle-class person to purchase a home easily. So, to overcome these financial issues, Fin free home loans are provided across India by banks & NBFCs where they pitch in the required finances to help the prospective buyers with the needed monetary aid to buy a house or property. There are different types of home loans in the finance market that can be availed to purchase a new home, a resale home, plots, home extension, etc., and you can choose the most suitable one depending on your requirements.
Home Loans are secured loans in which the financier will use the home or the property that you are buying as surety for the loan, and it will be under the lender’s control until the borrower repays the complete loan successfully. Since the purchased home or the property is placed as collateral, the interest rates imposed on these loans will be relatively lower than the personal loans.
Mortgage Loan
Having a home or a fixed property is a blessing and can be used as a financial assistance in more than one way. Your property can be used as an optimal crediting source by leveraging it and utilizing it up to its full potential by taking a loan against it. At Finfree Enterprises, you can easily apply for and avail best mortgage loans against property, and use the funds for any genuine personal uses like paying for educational fees, wedding expenses, medical emergencies, to expand your business, to buy any other additional property, etc., which may need a relatively larger amount of money than the personal loans.
Mortgage loans are secured loans in which an asset is placed as collateral with the financier, who will provide loans as per the value of the asset. The lenders will approve a loan amount depending on the value of the property placed as collateral. Although there are many types of mortgage loans, Finfree works to provide the Mortgage loans across India to our borrowers and help them overcome their financial crisis with ideal solutions and manageable repayment options.
Commercial Vehicle Loan
Starting from private vehicles to commercial vehicle each has its contribution in improving the standard of life. Commercial loan is given to self-employed,pvt ltd ,partnership , trust, organization etc. taking loan for small to heavy vehicle for commercial or business purposes. Mainly used for transport purposes.
Features & Benefits
- You can get a commercial vehicle loan at a low interest.
- The processing time of a commercial vehicle loan is fast with easy documentation and approval.
- Flexible repayment tenure- Usually, the repayment tenure offered in commercial loan is up to 5 years. This ensures low EMI amount to the borrowers enabling them to pay off the EMIs without any undue financial burden.
- Multiple vehicle financing- Whether you are an individual borrower or a fleet owner, you can get finance for a variety of vehicles such as tippers, trucks, buses, trailers, tankers, and other small and light commercial vehicles to grow your business.
- Simple documentation- Commercial vehicle loans come with a hassle-free and quick documentation process.
Business Loan
Running a business is not easy, and you may have to face quite a few hurdles at various phases, which may need financial assistance to keep the business running and growing. Blooming businesses might demand quick business loans to stay at a consistent position in the market, and so the competition amongst the financiers is also increasing. At Finfree Enterprises, you can avail the business loans across India, and cater to fulfill the financial needs of micro, small, & medium businesses in various fields, for their overall growth & development.
Getting the right business loan for your company can help you survive in the economy where there is a constant one on one fight to stay on top of the game. By availing these quick small business loans, you can use the funds to meet the fiscal demands in regard to the company’s regular works like paying for the employee’s salaries, for purchasing the equipment & inventories, for marketing purposes, etc., that will reflect the growth of your business. Having quick access to the business loans can financially empower you and will allow the continued running of your company’s mundane operations and for further expansion.
Micro Finance
Microfinance, also called microcredit, is a type of banking service provided to low-income individuals or groups who otherwise wouldn't have access to financial services.
While institutions participating in microfinance most often provide lending—microloans can range from as small as Rs.500 to under Rs. 50,000. But many banks offer additional services such as checking and savings accounts as well as micro-insurance products, and some even offer financial and business education. The goal of microfinance is to ultimately give impoverished people an opportunity to become self-sufficient.
Car Loan
Owning a car was once a luxurious commodity to have. But in today’s economically developing world, a car is a necessity and convenience to travel from one corner of the ever-expanding city to the other.
Though everybody may not have enough cash to purchase the car with a lump-sum payment, numerous lenders can help you realise your dream of buying the car through a car loan.
Applying for a car loan is now hassle-free, easy, and paperless. Just make a few clicks, and you can submit the car loan application form online. Almost every bank today offers car loans at attractive interest rates. Based on one’s affordability, it is now quite easy to take a car loan and then pay EMIs without really biting into a person’s finances.