Your Essential Guide to Getting Started
A machinery loan is a type of financing provided to businesses for purchasing or upgrading equipment and machinery essential for their operations.
A business loan is a financial product designed to support businesses with funding for growth, expansion, operations, or working capital requirements.
A term loan is a type of loan provided by financial institutions that is repaid over a fixed period in regular instalments. It is generally used by businesses or individuals for funding significant investments, such as purchasing equipment, infrastructure, or expansion activities.
Working capital loans are extended by banks and financial institutions to help businesses meet their working capital needs.
MSME Loans (Micro, Small, and Medium Enterprises Loans) are financial products specifically designed to support the growth and operations of MSMEs in India. These loans can be used for various purposes such as purchasing equipment, working capital, business expansion, or meeting other financial needs.
The Mudra Loan scheme, introduced under the Pradhan Mantri Mudra Yojana (PMMY), is designed to provide financial support to micro and small enterprises (MSEs) for starting or expanding their businesses. It offers funding without collateral, making it accessible to a wide range of entrepreneurs.
The CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) is a government initiative aimed at providing collateral-free loans to micro and small enterprises (MSEs).
The Prime Minister’s Employment Generation Programme (PMEGP) is a credit-linked subsidy scheme launched by the Government of India. It aims to support unemployed individuals and micro-entrepreneurs by providing financial assistance to start or expand small businesses in rural and urban areas.
A GST Business Loan is a type of loan designed for businesses registered under the Goods and Services Tax (GST) framework. It leverages GST returns as proof of income and turnover to assess the borrower's creditworthiness. These loans are ideal for small and medium-sized enterprises (SMEs) and startups requiring financial assistance for business expansion, working capital, or other operational needs.
Startup India Fund Scheme, introduced under the Startup India Initiative, provides financial support to startups in their early stages to foster entrepreneurship, innovation, and job creation.
A Loan Against Property (LAP) is a secured loan where you pledge your residential, commercial, or industrial property as collateral to borrow funds. It is ideal for meeting large financial needs like business expansion, education, medical emergencies, or debt consolidation.
A housing loan is a type of secured loan provided by financial institutions to individuals for purchasing, constructing, renovating, or upgrading a residential property.
An overdraft limit is a pre-approved credit facility offered by banks or financial institutions that allows account holders to withdraw money exceeding their account balance, up to a specific limit.
A secured loan is a type of loan where the borrower pledges an asset (collateral) to the lender as security.
An unsecured loan is a type of loan that does not require the borrower to provide any collateral. Lenders approve these loans based on the borrower’s creditworthiness, income stability, and repayment capacity.
A gold loan is a secured loan where borrowers pledge their gold ornaments or coins as collateral to borrow funds.
A loan against securities allows borrowers to pledge investments such as shares, mutual funds, or fixed deposits as collateral.
A personal loan is an unsecured loan provided by financial institutions to individuals for personal financial needs.
A loan against FD is a type of loan where you can secure funds using your fixed deposit as collateral.