Each one of us, at some point in our lives, have thought of an ambitious start-up venture, a home improvement project, an unfinished degree, or a dream vacation. For any reasons and more, we have looked at financing options that can help fulfil our dreams – creating small moments of joy.
In India, there is a loan available for every need. The lending space has become intensely competitive with new entrants such as NBFCs, micro financiers, FinTechs. Digitization has, too, fuelled demand in the industry. In this piece, you will be enlightened on the various types of loans available along with the eligibility criteria and documentation.
Let’s get started.
Home Loan
Home loan provides you the funds to accomplish one of life’s most cherished dreams – buying your dream home. In the present scenario, it’s a buyer’s market as home loan interest rates are at a decadal low. The evolution of housing finance companies has given buyers more options than before to choose the lender they want.