Funded Loans
Home Loan
Loan Against Property
Car Loan
MSME Loan
Business Loan
Salaried Loan
Trade Loan
Export-Import Loan
Project Loan
Builder Loan
Agri Loan
Construction Equipment Loan
Medical Instrument Loan
Education Loan
Start-up Loan
Home Loan
A home loan is a finance solution with which you can buy your home with ease. As your home loan advisors, we can help you to apply for a home loan to repair, renovate or construct a new home.
Buying a new home is easier than ever! Fulfill your dream of owning a home with the help of our financial experts. Our team will ensure that you get easy home loan approvals, attractive interest rates, doorstep service, an easy application process, etc.
At VCT Financial Services, we provide various loan financing solutions to satisfy your needs. Whether you want to purchase a house, construct a new home, or renovate it, our efficient and hassle-free home loan processes will help you to achieve your goals. The journey to your dream house starts here!
Loan Against Property
A loan against property allows its borrowers to use the money for various business or personal reasons ranging from setting up business ventures, expansion, or meeting unforeseen medical expenses.
A loan against property a.k.a property against the loan is a financial arrangement wherein the borrower can use the money for various reasons such as sudden medical expenses, business expansion, business diversification, other personal reasons, etc. The biggest benefit of getting a loan against a property is that it allows the borrowers to make use of the value locked up in a property while continuing to occupy it during the loan tenure.
Getting a loan against property in India is relatively easy as the lenders get a guarantee for the money they lend. The borrower can avail tax benefits on the interest for a loan against property. Generally, lenders don’t levy penalties on earlier payment of the loan amount.
Car Loan
Nowadays, buying a car is more expensive than it used to be. This is why the new-age consumers are smart and know how to take advantage of the car financing options. Moreover, many Car Loan options at attractive interest rates are available in the market with the help of which one can make an informed decision.
A car loan (a.k.a automobile loan, or auto loan) is a sum of money a consumer borrows in order to purchase a car. It is an agreement that takes place between the borrower and a lender that says they will give the borrower the money to buy a car. In return, the borrower will pay them back with interest in an agreed-upon period of time. The car loan interest rates may vary on the basis of car models, the time period selected, and the borrower’s preferred banking partner.
The exact interest rate for a car loan will be determined by the lender on the basis of the loan application. Lenders generally charge a processing fee directly deducted from the car loan amount which can be negotiated with the lender at the time of car loan approval.
MSME Loan
MSME stands for micro, small and medium enterprises. MSME loans are a type of unsecured loan which are offered by several financial institutions. These loans are provided to help the budding entrepreneurs meet various business-related expenses.
The full form of MSME is micro, small, and medium enterprises. Sometimes it is also shortened to SME for small and medium enterprises. MSME loan for business is a type of unsecured loan offered by various financial institutions. Generally, these loans are given to small business owners, startup owners, and women entrepreneurs on a short-term basis. However, the time period may differ from lender to lender.
The goal of the MSME loans scheme is to help entrepreneurs with their business-related expenses. Since the interest rate for MSME Loans is low, entrepreneurs can focus more on business growth and expansion. As your MSME Loan Consultants, we can help you to apply and get easy approvals of MSME loans in a short period of time.
Business Loan
A business loan is a type of loan specifically intended for business purposes. Primarily speaking, a business loan is a borrowed amount of capital that is used for an investment in a new or existing business setup.
A business loan is a loan that is specifically taken for business purposes. It involves the creation of debt with the borrower, which will be repaid with added interest to the lender after a predecided period of time. The interest rate of a business loan is finalized at the creation of the financial agreement. Business entities such as professionals, partnership firms, private limited companies, self-employed non-professionals, etc can apply to get a business loan. At LoanKaro, we can help you to get business loans that are free from any bureaucratic red tape. Our process has been designed for a fast interface to eliminate any delays thus speeding up the business loan approval process.
Salaried Loan
A Salary loan, Salaried Loan, or Payday loan is a type of monetary loan which is provided to employees. He/she must pay back in full or in installments whenever he/she receives his/her next paycheck. The loan amount is fairly small and is based on the gross amount of money the borrower earns for each pay period.
A personal Salary loan is a type of loan that can be availed by salaried employees. These loans although easy to get, include high-interest rates that will result in the borrower acquiring additional debt if the loan is not paid back on time. These loans are also called cash advance loans, advance salary loans or check advance loans. So if you are an employee of a public or private organization with a minimum salary of INR 20,000, have the minimum work experience of 1 year, then you are eligible for a Salaried loan.
The personal salary loan eligibility is calculated to estimate if the borrower will be able to repay the EMIs or not. For that, the person’s monthly salary and monthly obligations (credit and debit) are considered. Then the salary loan interest rate and the loan tenure are determined.
Trade Loan
Trade loans can be described as short-term loans that are linked to specific import and export transactions. Trade loans are readily available for firms regardless of the method they use to trade, whether open account, collections, or documentary credit basis.
Trade loans work as fully revolving financial solutions, which can help a business to fund the expenses between the time it has to pay for the purchased goods and the time when the firm receives the funds from the sale of those goods i.e the firm’s trading cycle. Once the trade loan scheme has been agreed upon and put in place, the borrower presents his documentation to the lender. This normally includes invoices and transport documents. And depending on the type of agreement, the lender may or may not have control over the transport documents. Trade loans are regularly used by wholesalers and manufacturers for one-off purchases of raw materials.
Export-Import loan
Export loans are financial arrangements in which the bank extends credit facilities to exporters for the purchase of export commodities, and for capital investment for export. Import loans are facilities availed by importers for working capital requirements.
India is a fast-growing economy with billions of goods and services getting exported and imported to various countries each year. To carry out the Imports & Exports, the parties involved may need financial assistance. Hence Export loans and advances work as credit facilities that are made available to exporters. They may use the credit for the purchase of export commodities, manufacturing process, or as working capital investment for export.
Import loans and advances are credit arrangements availed by the importers to fulfill working capital requirements. They may range from raw materials for import business, like food items, machinery, and transport, building materials textile and clothing, to household, electronics, Office furniture requirements, etc.
Project Loan
Project finance refers to the credit financing of long-term infrastructure, public services, and large industrial projects. The lender may use a non-recourse or limited recourse financial structure. The borrowing party has to pay back the debt and equity from the cash flow generated by the project.
Project Finance refers to the systematic long-term funding of projects, which may include industrial projects, public infrastructure, etc through a specific financial structure. The Financial structure can consist of a pre-decided ratio of debt and equity. After the project is completed, the investments in the form of debt and equity are paid back using the cash flows generated from the business activities. The project’s rights, assets, and interests may also be held as secondary collateral. The method of project financing is very popular in the private sector because this way companies can fund major projects off-balance sheets.
Builder Loan
A Builder Loan (also known as Construction Loan & house builder loan ) is a type of short-term loan which is used to finance the construction of a home or a real estate project. The loan may be taken by the builder or home buyer to cover the costs of the project. Since the credit builder loan is considered to be risky, a high rate of interest is charged on it.
A Builder loan (Construction Loan) is a short-term credit facility that is used to finance the construction of a new home, existing house, or other real estate projects. Once the long-term financing has been arranged, the construction company or the home buyer must avail of a builder loan to cover the cost of construction. And since the construction loan is considered riskier than the conventional mortgage loan, higher interest is charged on it.
After the process of construction is completed, the borrower can either obtain a new mortgage (also termed as ‘end loan’) or refinance the existing loan. Some construction loan contracts require the borrower to pay interest while the project is still underway. On the other hand, some loan contracts require the balance to be paid off after the project is completed.
Agri Loan
Agri loans or Agriculture loans are availed by farmers to fund day-to-day agricultural operations like the purchase of agricultural equipment or land, animal husbandry, pisciculture, etc. Agri loans also help the farmers to buy seeds, fertilizers, insecticides, etc.
Agri loans are offered to farmers to fulfill various purposes such as equipment purchase for farming and cultivation, seeds for cultivation, and other agriculture-associated activities. Apart from farmers, such loans can also be availed by individuals who are engaged in agri-related sectors. This may include animal husbandry, aquaculture, horticulture, silk farming apiculture, and floriculture.
Agriculture loan interest rates are comparatively lower than the other loans available to individuals. The primary goal of an agricultural loan is to provide a helping hand to farmers to meet their various cash needs. Most lenders can process agriculture loan applications within a couple of working days. Once the loan has been approved, the amount is disbursed to the borrower’s account within a few working days.
Construction Equipment Loan
A construction equipment loan is a credit facility that is used for the purpose of acquiring construction equipment, such as skid steers, cranes, mixer trucks, etc by businesses. After the development of construction infrastructure in India, Construction Equipment Loan has seen a major hike in demand.
A construction equipment loan is a type of loan which is taken out to fulfill the purchase of construction gears such as trucks, cement grinders, cranes, etc by businesses. Many individuals who are engaged in the manufacturing/construction industries apply for a loan to buy construction equipment. There are various public and private banks and financial lending institutions that offer various construction equipment finance schemes to the businesses to purchase the construction equipment.
At VCT Finance, we understand your requirements and provide customized Construction Equipment Loans that can help you pursue the path to success.
Medical Equipment Loan
The demand for innovative, premium, and quality healthcare has been increasing all over the country. To fulfill these demands, doctors and hospitals have to have the best medical equipment there is. Hence to fulfill this obligation, a Medical Equipment Loan is taken out.
If you are a doctor planning on starting his/her practice or someone planning to open a hospital, you are going to need some equipment. Setting up a medical facility with trustworthy infrastructure is an expensive affair, and without these medical instruments, machines, and gadgets (which have steep purchase and installation costs), you will not be able to offer the latest medical treatments and services. Thus a medical equipment loan becomes ideal. Such loans are designed to support medical practitioners who want to either establish their professional set up or expand an existing facility. They may need the capital for other activities such as the set up of operation theatres, hospitals, diagnostic centers, nursing homes, laboratories, etc.
Education Loan
A Salary loan, Salaried Loan, or Payday loan is a type of monetary loan which is provided to employees. He/she must pay back in full or in installments whenever he/she receives his/her next paycheck. The loan amount is fairly small and is based on the gross amount of money the borrower earns for each pay period.
A personal Salary loan is a type of loan that can be availed by salaried employees. These loans although easy to get, include high-interest rates that will result in the borrower acquiring additional debt if the loan is not paid back on time. These loans are also called cash advance loans, advance salary loans or check advance loans. So if you are an employee of a public or private organization with a minimum salary of INR 20,000, have the minimum work experience of 1 year, then you are eligible for a Salaried loan.
The personal salary loan eligibility is calculated to estimate if the borrower will be able to repay the EMIs or not. For that, the person’s monthly salary and monthly obligations (credit and debit) are considered. Then the salary loan interest rate and the loan tenure are determined.
Start-Up Loan
A Startup business loan can be availed from a bank or a financial body in order to raise funds for starting a new business or to expand the current business. The Start-Up loan interest rate charged will depend on the loan amount and the repayment tenure.
It is a common understanding that all business ventures, during inception, require some amount of capital and financial strength. Captial is the founding pillar of all businesses. Especially for new start-up businesses, the amount of capital put in can help start the business into a long-running one with future lucrative prospects. A Start-Up Loan is a personal loan available to individuals who are looking to start a business or expand their existing business. A start-up loan for a new business can be availed from a bank or financial body. The rate of interest will depend on the loan amount and tenure of the loan.
