1 / 8

Unsecured Personal Loan

Get unsecured business or personal loans from different Banks, NBFCs. Compare for the lowest interest rate. Apply now

SakthishaTharsi
Télécharger la présentation

Unsecured Personal Loan

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Unsecured Personal Loan

  2. Unsecured Personal Loan • When internal sources of finance are inadequate for business operations, small and medium businesses often go in for either secured or unsecured loans. • Secured loans are also called asset-backed lending, issued usually against collaterals like inventory, unpaid invoices, equipment and real estate. • In contrast, unsecured loans are given on the strength of creditworthiness of the borrower and there is no hypothecation or lien on the assets of the borrower.

  3. Unsecured Personal Loan Cases When Secured Loans are the best solutions • Where the financial need is long-term and is not intended to be repaid in the short run • Where the business has strong investments in property/ equipment/ other collaterals that can be availed credit against • Where your credit score is not very impressive enough for an unsecured loan • Where you might need top-up loans • Where your repayment instalments are not very high, meaning you need a long repayment period

  4. Unsecured Personal Loan Cases When Unsecured Loans are more profitable • Where you need immediate cash injection and cannot wait for the valuation process for collaterals to get over. • Where there is no collateral at hand that can be pledged • Where you do not wish to risk your personal assets • If the loan is for short-term use and you have good monthly revenue for repayment • Where you are not in need of huge amounts that may require collateral to obtain a loan

  5. Unsecured Personal Loan • Secured loans come with lower rates of interest and a longer repayment period when compared to unsecured loans. • Lenders of secured loans are usually institutional and SMEs need not fear falling prey to unscrupulous loan sharks who torment borrowers with high rates of interest.

  6. Unsecured Personal Loan • Unsecured loans can be availed of even if you do not have any collaterals but can demonstrate an excellent trading position. • Furthermore, unlike secured loans you do not have to approach regulated and traditional banks. • There are thousands of online FinTech companies to the advantage of SMBs. In the unfortunate event of bankruptcy, courts may discharge your unsecured debts but not those that are secured.

  7. Unsecured Personal Loan Address: No. 86, New No. 74, 4th Floor 5th Avenue, V Block, Anna Nagar, chennai-600040

  8. Unsecured Personal Loan Contact: 6369664867 G-Mail: care@vserveloans.com

More Related