A personal loan is an unsecured loan granted for personal use of borrower. The borrower does not put up any collateral or security to guarantee the repayment of the loan. Bank provide personal loan on the basis of the borrower’s credit history and ability to repay the loan from personal income. The borrower is given all the money at once and agrees to pay back a certain amount as a monthly installment until the debt is repaid. The monthly installment includes both principal and interest.

Business loan is an unsecured loan similar to personal loan, specifically designed for business use. It is a short term finance that can help with cash flow. Companies take the business loan to gain the financial need. At business loan, helping our clients to realize their aspirations is our first priority. We are here to help people with their financing needs, whether they are small business or corporate group. To be truly effective as a money lender adviser, we here at Shree Umiya Finance Service believe it is important to offer a wide range of services and solutions.

LAP is a secure long given or disbursed against the mortgage of the property for personal or business needs where the borrower gives a guarantee by using his / her property as security. The loan is given as a certain percentage (70%-140%) of the property market value. Borrower can avail this loan on self occupied, rented residential, commercial and industrial property. Bank provides 10-15 years tenure on LAP. At times these loans are taken for start or expand business or working capital.

Home loan is a secured loan offer to individuals who wish to purchase or construct a residential property. Borrower can also get a home loan to buy a plot or construction on it. Lenders mortgage the property as a security till the repayment of the loan. Financial institution will hold the title or deed of the property till the loan has been paid back with the interest due for it. Lenders provide 75%-90% of market value of the property depending on loan amount. Banks provide 20-30 years tenure on Home loan and are repaid in EMIs spread over a fixed term. Age of the borrower will determine home loan tenure. Home loans are classified into two categories based on fixed or floating rate of interest. Pre payment and part payment charge varies bank to bank depending upon nature of loan..

New-Car-Loan A car loan is a way for you to purchase a new vehicle which is required by both private individuals and business.
Car loan made as simple as deciding the model. Turn your dreams into reality. Own that new car you have always desired, with a little help from us. We offer loans up to 90% of ‘on-road’ cost on selected models, and up to 100% of the ex-showroom price on others. Our interest rates would pleasantly surprise you. What’s more, you can take up to 5 years to repay the loan. Worried about paperwork? Relax. The process for getting a loan involves only a few simple steps and we will tailor-make the loan to suit your needs. .

project-loan Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of its sponsors. Usually, a project financing structure involves a number of equity investors, known as ‘sponsors’, as well as a ‘syndicate’ of banks or other lending institutions that provide loans to the operation.
They are most commonly non-recourse loans, which are secured by the project assets and paid entirely from project cash flow, rather than from the general assets or creditworthiness of the project sponsors. The financing is typically secured by all of the project assets, including the revenue-producing contracts. Project lenders are given a lien on all of these assets and are able to assume control of a project if the project company has difficulties complying with the loan terms. .