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Your business requires working capital to run and function smoothly. Lack of funds may sabotage the ambitious growth plans of your Business. Banks give you money to run your business, which you have to repay with interest, called a business loan.

A business loan is a loan that is availed for purely business purposes. The principal amount along with interest is to be repaid according to the terms and conditions of the business loan.

There are different types of business loans like secured loans, unsecured loans, microloans and so on.

• Your business loan can be secured (you give a collateral) such as your Company inventory, land or machinery and avail your loan at a lower rate of interest.
• Your business loan can be unsecured (you do not need to give a collateral).You are charged a higher rate of interest.

Personal loan is a loan that is taken for immediate personal use It can be taken for any personal use like for a vacation, marriage in the family, sudden medical expenditure etc. Personal loan doesn’t require any collateral security or any surety and is easily available. The amount of the loan ranges from Rs.50, 000- Rs. 30 lakhs with a repaying period of 1-5 years. Personal loan is a service provider to those who are looking for personal loan in chennai city.

If you are looking for a personal loan then you are at the right place. A personal loan does not require any surety but it’s just simple paper work that includes Flexi repayment with quick approval.

A mortgage loan is not only available for buying a home or constructing one but also the applicant who is taking the loan can use different schemes for a mortgage loan offered by the bank for extensions, plot purchase, renovation, and many other things related to home property.

Due to a high demand, prices of residential property is very high which makes it difficult for potential buyers to realize their dreams. When it comes to getting a home loan, many buyers struggle with obtaining the best mortgage loan in Chennai. Finding the lowest home loan interest rates in Chennai can be an unpleasant experience.