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Need Home, Business or Personal Loan? IndiakaLoan.com is Best



A loan is money borrowed at the time of crisis or urgent need with a promise of return within a specific time period. The banks and NBFCs decide a fixed interest rate that you have to pay on the money you borrow, along with the principal amount borrowed. There are various types of loans available in India such as home loan, personal loan, car loan, student loan, payday loan, debt consolidation loan, and so on.

Secured Loan
A secured loan is provided against collateral security of any of your valuable assets. Such type of loan is regarded as the most flexible loans as it is provided in lower interest rates and longer repayment tracks. This type of loan is offered in a lenient way since the lender does not have any sort of risk in the loan amount as he/she can go for the foreclosure of the asset, especially in the case when the borrower makes any drift in the loan repayment. The equity loan, car loan, and the home mortgage are some of the loans categorized under secured loans.

Unsecured Loan
On the other hand, the unsecured loan is provided without any collateral security. Since the lenders have the risk of their money involved, the rates and other attributes of loan are very narrow. The borrowers cannot enjoy many privileges in the unsecured loan. Also, you should have a good credit history in order to avail this loan. Such type of loan usually comes at a higher rate of interest due to the lack of collateral. Personal loan, short-term business loan, education loans, and vehicle loans are some of the loans categorized under an unsecured loan.

IndiakaLoan.com is one of those financial advisors who provide the correct and professional advice to those seeking any type of these loans. It does not just lend help in finding the best loan provider but also help you through the entire gamut of the loan process, be it handling the documentation or disbursal.

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