Financial Services
Finance is the backborn of Economy, without it person cannot think about the servival. We at INFITAX provide Assistance in Securing Loans and Finance for business and/or personal needs. We provide the Assitance and Guidance over the Your Financial Needs and suggest the best product which will suits over your current situation or needs. INFITAX aim at No person should left without Any ASSISTANCE IN FINANCIAL ADVISORY, we are just one away from Advising and Assisting in your financing needs. We are providing assistance in following types of Financing Services
1.Home Loan
A Home Loan is a secured loan product where the lender provides finances for the purchase or construction of a residential/commercial property. One can also avail a housing loan to buy a plot of land and construct on it. Home Loans are also issued to extend/ repair/ renovate/ alter a new or second-hand property. The Home Loan is taken by a borrower against the property/security to be bought. This is done by giving the banker a conditional ownership over the property i.e. if the borrower fails to pay back the loan, the banker can retrieve the lent money by selling the property.
Most lenders get the property valued independently and provide loans based on their estimated value. It is important to remember, however, that frequently their valuation is significantly lower than the actual cost and hence the requirement of the borrowers goes up. Home loans in Indian Banks are provided up to maximum of 80% (90% for loan amount below INR 20 lakhs) of the value of the house. Home loans are repaid using Equated Monthly Installments (EMIs) spread over a fixed tenure.
2.Secured Business Loans :
Secured Business Loans are loans taken by the borrower to start or enhance a business with collateral. The borrower needs to pledge any of his property or asset. The debt is hence secured against the collateral provided. In the event of borrower failing to re-pay the loan, the lender takes the possession of the collateral. There are many banks like HDFC, SBI, etc. that provide you Secured business loan in India and of course many financial services too like karvy financial services, cholamandalam financial services, Indiabulls financial services etc.
3.Unsecured Business Loans :
Unsecured Business Loans are loans taken by the borrower to start or enhance a business without any collateral. The borrower need not pledge any of his property or asset. There are many banks like HDFC, SBI, etc. that provide you unsecured business loan in India and of course many financial services too like karvy financial services, cholamandalam financial services, indiabulls financial services etc.
4.Mortgage Loan
Loan against property (LAP), are basically loans provided by banks against the security of one’s own property. LAP is designed to meet the financial needs of someone who already owns a house or multiple properties so as to get the best out of their assets. Its important to remember that the property which you are putting up for your loan should be free any encumbrance (i.e. it is not given as security for any purpose or any other loan).
Banks provide LAP for both Salaried as well as Self-Employed individuals. The rates and loan amounts differ based on your property and your annual income.
Banks will always want to consider all risks, which is why while you are applying for your loan against property, there are certain factors the bank considers with respect to your property to mitigate its risks in giving out the loan. These factors determine your rate of interest, and loan amount. You can get a LAP of up to 80% of the registered value of your property depending on the Bank’s policy and the property type and valuation. The value of the property would be determined through a valuation conducted by the Loan Provider.
Individuals apply for LAP for a variety of reasons. Some of the common ones are your childs wedding, loans for new business ventures, second homes, vacations, medical treatment just to name a few.
5.Vehicle Loan
Types of vehicle loan
- New vehicle loan
- Second hand vehicle loan
Vehicle loan is a financial assistance taken to purchase a vehicle with minimal initial payment from your own pocket. The borrowed money from the lender can be repaid in equal monthly instalments over a period of time with an agreed rate of interest. Normally, vehicle loans are secured with the vehicle itself that is being bought.
6.Working Capital Loan
A working capital loan is a loan that is taken to finance a company’s everyday operations. These loans are not used to buy long-term assets or investments and are, instead, used to provide the working capital that covers a company’s short-term operational needs.
Those needs can include costs such as payroll, rent, and debt payments. In this way, working capital loans are simply corporate debt borrowings that are used by a company to finance its daily operations.
- Home Loan
- Secured Business Loan
- Unsecured Business Loan
- Mortgage Loan
- Vehicle Loan
- Working Capital
1.Home Loan
A Home Loan is a secured loan product where the lender provides finances for the purchase or construction of a residential/commercial property. One can also avail a housing loan to buy a plot of land and construct on it. Home Loans are also issued to extend/ repair/ renovate/ alter a new or second-hand property. The Home Loan is taken by a borrower against the property/security to be bought. This is done by giving the banker a conditional ownership over the property i.e. if the borrower fails to pay back the loan, the banker can retrieve the lent money by selling the property.
Most lenders get the property valued independently and provide loans based on their estimated value. It is important to remember, however, that frequently their valuation is significantly lower than the actual cost and hence the requirement of the borrowers goes up. Home loans in Indian Banks are provided up to maximum of 80% (90% for loan amount below INR 20 lakhs) of the value of the house. Home loans are repaid using Equated Monthly Installments (EMIs) spread over a fixed tenure.
2.Secured Business Loans:
A 3 year term loan for proprietorship, partnership, private limited companies and limited companies based on a sound balance sheet.
Unsecured Business Loans: Working capital funding in rupees as well as foreign currency for proprietorship, partnership, private limited companies and limited companies. Secured Business Loans are loans taken by the borrower to start or enhance a business with collateral. The borrower needs to pledge any of his property or asset. The debt is hence secured against the collateral provided. In the event of borrower failing to re-pay the loan, the lender takes the possession of the collateral. There are many banks like HDFC, SBI, etc. that provide you Secured business loan in India and of course many financial services too like karvy financial services, cholamandalam financial services, Indiabulls financial services etc.
3- Mortgage Loan
Loan against property (LAP), are basically loans provided by banks against the security of one’s own property. LAP is designed to meet the financial needs of someone who already owns a house or multiple properties so as to get the best out of their assets. Its important to remember that the property which you are putting up for your loan should be free any encumbrance (i.e. it is not given as security for any purpose or any other loan).
Banks provide LAP for both Salaried as well as Self-Employed individuals. The rates and loan amounts differ based on your property and your annual income.
Banks will always want to consider all risks, which is why while you are applying for your loan against property, there are certain factors the bank considers with respect to your property to mitigate its risks in giving out the loan. These factors determine your rate of interest, and loan amount. You can get a LAP of up to 80% of the registered value of your property depending on the Bank’s policy and the property type and valuation. The value of the property would be determined through a valuation conducted by the Loan Provider.
Individuals apply for LAP for a variety of reasons. Some of the common ones are your childs wedding, loans for new business ventures, second homes, vacations, medical treatment just to name a few.
4- Vehicle Loan
Types of vehicle loan
- New vehicle loan
- Second hand vehicle loan
Vehicle loan is a financial assistance taken to purchase a vehicle with minimal initial payment from your own pocket. The borrowed money from the lender can be repaid in equal monthly instalments over a period of time with an agreed rate of interest. Normally, vehicle loans are secured with the vehicle itself that is being bought.
5- Working Capital Loan
A working capital loan is a loan that is taken to finance a company’s everyday operations. These loans are not used to buy long-term assets or investments and are, instead, used to provide the working capital that covers a company’s short-term operational needs.
Those needs can include costs such as payroll, rent, and debt payments. In this way, working capital loans are simply corporate debt borrowings that are used by a company to finance its daily operations.