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Loan Against Machinery

TVS Credit offers loan against machinery manufacture. Get loan against machinery with 14% to 24% interest rate and 5 years of repayment tenure.

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Transfer the Existing Business Loan to TVS Credit

Enjoy the benefits of customized repayment schedule as per customer requirement and transfer the existing business loan to TVS Credit. Know more

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Business Loan at Lowest EMI Option

TVS Credit offers balance transfer loan, loan against machinery, loan against property, unsecured business loan.Get the business loan at lowest EMI option by TVS Credit.

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Consumer Durable Loan

TVS Credit offers loans for buying TV, refrigerator, washing machine, and other household appliances on EMI with instant approval. Get consumer durable loan at 0% interest rate.

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Tractor Loans at TVS Credit

If you are looking for finance facility to buy a tractor, TVS Credit provides best finance loan for new and used tractors. Apply for tractor loans at TVS Credit.

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Used Car Loans Interest Rate

Used car loans with repayment option for up to 48 months. Faster approval & disbursal process on second-hand car loan. Check used car loans interest rate.

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Two-Wheeler Loan at TVS Credit

TVS Credit provides two-wheeler loans with easy instalment with lowest EMI options. Apply online now for two-wheeler loan at TVS Credit.

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Start-Up Business Loan

Start-up businesses in different industries are flourishing rapidly in India. Due to the existence of several goals and objectives to be fulfilled in an individual’s lives, multiple loan requirements arise such as educational loans, startup business loans, home loans, car loans consumer durable loans, etc. However, if your KYC details and other requisites are authentic, banks and financial institutions approve loans in no time. So, do your paperwork thoroughly before starting a new business. A supporting presentation for the business plan is also ideal for loan application.

Commercial loans being a common choice, several banks, and financial firms offer flexible business loans at affordable interest rates and reduced monthly EMI. Whether start-ups or upgrades, commercial loans boost your business to another level. Due to cutthroat competition in different sectors more and more people are considering self-employment as a new avenue for a successful life. Individuals who have an inclination towards a small business find it difficult to begin due to a lack of capital funds. In such cases, a start-up loan works successfully in launching a new venture.

Below are some features and benefits of acquiring a startup business loan:

With ample opportunities for new businesses, trusted banks and financial firms are offering attractive business loan offers:

· No security against loan- This is an unsecured business loan that doesn’t require any asset as a security against the startup business.

· Quick loan disbursal- Instant loan approval within 48 hours of application. The funding is very quick and speedy.

· Facility at your doorstep- Keep the necessary loan documents ready and the bank representative will verify and collect it from your doorstep.

· Repayment tenure: The repayment tenure ranges between 1-5 years. Based on your cash flow and financial stability, decide on tenure for payment of EMIs.

· Interest rate- This is fluctuating however the current rate of interest on commercial loans starts from 13.50% with minimum processing fees.

· Crisp business plan- Lay down the objectives and goals of the business plan to the chosen bank or financial institution that will indicate a growth venture reflecting the potential and estimated returns.

Anyone who is between 21 to 60 years is eligible for startup business loans. Keep the basic documents ready for verification – Aadhar or Pan card, passport size photo, driving license and last six months bank statement.

As an entrepreneur, one needs to learn early that a credible financial record and concrete documentation is essential for quick loan disbursal. While approaching any bank or credit firms for small or big business startup loans, one should be very crisp and clear about the start-up business plan and estimated funds as per the capacity.

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Loan Against Property

Loan against property is one of the simplest ways to arrange money in a short span of time. Whether you need money for hosting a big fat Indian wedding, pay emergency hospital bills, gain back your credit score by clearing debts, want your children to study abroad, start a new business, invest in a venture or send your parents to a world tour. Let it be any reason, if you have a property, you can get a loan equal to approximately 60% of your property. It may vary from one bank to another.

Secured loans always have a lower rate of interest as compared to other loans. Loan against the property is a secured loan also has a lower rate of interest. Having a good credit score and credit history can be an added advantage to make it much lower. It also offers flexible repayment tenure, where you can ask for 20 long years to pay back your loan. Even though your property is given as collateral against the loan, the ownership still stays with you. There are no pre-closure charges if you wish to repay your loan before the fixed tenure. However, banks have different pre-closure policies. Hence, it is advisable to confirm about pre-closures before acquiring the loan.

What More Should You Know about Loan Against Property

· You can apply for a loan against property even though the property has joint owners. The bank may charge a fixed amount as a fee for verification and legal procedures.

· Both residential and commercial property can be mortgaged for loan acquisition.

· Property of a higher value in a good locality will enable faster loan approvals

· Check for pre-approved offers if any for simplifying the approval process

· The interest rate on the loan the amount is not the sole cost attached to the loan. Later, several other charges may be levied based on the loan percentage. Contact your bank for details.

Eligibility and Documentation

Banks have upgraded their net banking websites with easy to use EMI calculators that gives clarity on the principal loan amount and total interest. The basic eligibility criteria being the property should be in India and 25yrs to a maximum of 65yrs of age can apply with factual documents. The documentation and verification process for the loan against property is not strict. Just keep handy your id proof, address proof, possession letter, and income proof.

Once all the documents are verified and accepted, loan against property will be sanctioned and the amount will be directly credited to your bank account!

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Things To Consider When Opting For Used Car Finance

Most people looking to buy a used car do so to benefit from the lower purchase price of pre-loved vehicles. As the original purchaser bears the depreciation hit, well-maintained cars can be purchased at a reasonable rate by buyers with a lower budget. Thus, bargain hunters can afford the vehicle they desire without being wary of the high cost or pursue high-end vehicles that would be unaffordable otherwise. However, there are many aspects of used car purchase that may add to the cost of financing. Here are a few points that one must be mindful of when opting for used car finance,

Interest Payable –

When financing the purchase of a used car, buyers may end up losing the advantage of the low cost of the vehicle owing to the added interest payable.

When buying a used car through the aid of finance, expect to pay back the loan amount along with interest applicable as per the used car loan interest rate applicable. One must note that financing a new car cost lesser than a used car. Since used cars have a less market value, it is not a strong enough security for lenders, which is why the interest rate applicable is higher than in the case of new car loans.  However, numerous lenders are offering competitive used car loan interest rates to ensure affordability of the preloved vehicles. Thus, it is vital for loan seekers to check the interest rate when buying a used car on finance.

Vehicle Age –

When buying a used car, buyers must be aware that the age of a vehicle has a direct impact on the loan terms. The lenders may offer a lower loan amount or a high-interest rate to make up for the risk associated with the upkeep of the vehicle. In cases where the vehicle is older than five years, lenders may refuse the loan altogether. Hence, when looking for a used car on finance, choose a pre-loved vehicle that is not too old and in pristine condition to ensure the loan is approved without any hassle. Buyers must ensure that the chosen vehicle is well-maintained to ensure reduced upkeep costs in the long run.

Down payment requirement -

An individual who wishes to buy a used car on finance is required to pay at least 20% of the vehicle cost as a down payment to the lender. The down payment amount in case of used car finance is a security that may help lower the interest rate offered by the lender to ensure optimal savings.

Many used car loan providers offer lucrative loan schemes to help individuals, looking to buy their dream cars without financial burden. Buyers must review the loan terms, compare loan offers and ensure their financial capacity to repay the loan before finalising a purchase.

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Loan Against Property: Opportunities & Advantages

Loan Against Property, also known as LAP Loan is a secured loan scheme that has been climbing the ladder of popularity at a fast pace. The number of people opting for LAP loan has gone up considerably owing to the many benefits offer by the secured loan scheme. Here is a detail overview of the opportunities the LAP loan scheme offers and the advantages of availing the same.

Why opt for LAP Loan?

Loan Against Property is a finance scheme that can be utilised to finance a variety of needs and desires. It can be used to finance a child’s education, business expansion, medical treatment, and more. A LAP loan is given against the property that the borrower owns, which can be a plot of land, or a residential or commercial property. The only condition that the borrower has to satisfy is to possess the property-related documents that the lender would examine to verify ownership before granting the loan.

What are the Advantages of LAP Loan?

Loan against property is easy to avail and the process is quicker as compared to personal loans. It is a secured loan scheme which is offered on the collateral of a property or land. Since the massive collateral assures the lender regarding the repayment of the loan on time, borrowers are offered a lower interest rate on the loan scheme. Also, the repayment period for the LAP is quite conducive for the borrower which can be between five to fifteen years reducing repayment burden. As mentioned earlier, there is no restriction on using of the credit, which ensures flexibility to the borrower.

The best part about loan against property is that the value of the property or asset being put forward as collateral is used to give the borrower an edge. If the value of the property rises over a period of time, then there is also the option of refinancing available to them. They can use the same property to refinance other needs. Last but not the least, LAP lets one utilise the value of the property without losing its ownership. Another advantage of LAP Loan is partial closure. Lenders do not charge a high penalty for the same. In the worst case of default, borrowers can sell their property to repay the debt to avoid losing the hypothecated asset.

Loan against property is truly a beneficial loan scheme for borrowers who own a residential or commercial property or land. The flexible credit can be easily availed and has a edge over other loan schemes, allowing the borrower to utilize the credit to fulfil any needs or desires.

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Four Simple Steps To Get A Two-Wheeler Loan

A bike can help one gain the freedom to travel without being bound to over-crowded public transport. With the increasing availability of bike loan in India, people can buy their dream bike or scooter at affordable interest rates without financial burden. Many reputable banks and NBFCs offer up to 100% finance for two-wheeler purchase at flexible repayment options over a comfortable tenure.

Nowadays, bike loan seekers can simply apply for bike loans online, check their eligibility status in under five minutes and get instant loan approvals. Getting a bike loan has never been simpler and stress-free.  Here is a 4-step guide to get a bike loan at a favourable bike loan interest rate,

1. Choose a Two-Wheeler – Before starting the loan process, one must decide on the brand and type of bike they would like to purchase. Borrowers can seek finance for economic as well as high-end bikes and scooters at affordable bike loan interest rates. When looking for something beyond a regular motorcycle, borrowers must evaluate their financial capacity to repay the bike loan along with the applicable bike loan interest rate. Many lenders have tie-ups with bike dealerships to expedite the loan application process.

 2. Choose the loan offer – After finalising the bike model and brand to be purchased, research to find the best bike loan offer with the lowest bike loan interest rate as the interest payable directly affects the cost of the purchase. Borrowers can select loan offers with a flexible repayment tenure from 12 months to 48 months. Calculate the loan EMI using the preferred tenure and the bike loan interest rate as offered by the lender. This step helps one find out how much EMI he or she is likely to pay on the bike loan to ensure one chooses an EMI that is favourable and reduces financial burden.

3. Check loan eligibility – Borrowers must note that every lender has their own bike loan eligibility criterion that one needs to fulfil to be eligible for the credit. This can be done in less than two minutes using the online bike loan EMI calculator available for free. Borrowers must check eligibility criteria like the minimum gross income, the age limit of the applicant, and residential status, among other parameters to ensure a swift loan approval.

4. Apply online - Having done the homework, loan seekers can simply visit the lender’s webpage to apply for the two-wheeler Loan online or choose to apply offline through an agent at a branch. One will require to fill in their personal and financial details along with details about the vehicle like the RTO location, dealer’s name and on road price. Submit the required documents to finalise the process for approval. The online approval process is quick and hassle-free, with some lenders offering same day loan approvals for eligible candidates.

The steps mentioned above can help individuals looking to purchase their dream bike or scooter avail the best bike finance option for the most benefit.  

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Consumer Durable Loans

Bring Home Your New Purchases with Easy Repayment Options

It is always not feasible to buy your favourite newly launched product giving a full payment at the same time. To facilitate immediate buying of house hold appliances, electronics goods etc., many banks, financial firms and credit companies offer consumer durable loans with low interest rate and easy pay back EMIs. However, the interest rate differs depending on the lenders. One can avail consumer durable loans at a flexible tenure of 8 to 36months. Now, buying of laptops, music systems, mobile phones, washing machines and other consumer durables are no longer a far-off dream for which a considerable saving was required earlier. One of the best things about this loan is that they have nominal processing fees and no hidden charges, making it an affordable option.

How to Apply for a Consumer Durable Loan in India

In an era where internet technology has progressed three folds, giving a loan request online has simplified the application process and excluded the hassles of personally visiting the bank branch multiple times. The applicant should be between the age group of 21 to 60years. After the loan request is verified on phone, bank executive from the loan department pays visit to your home or office for further verification of the documents, income and credit history. In case, you need some assistance regarding consumer durable loans, visit the nearest bank branch for expert advice. Choose the flexible EMI option for easy repayment of the loan amount in a stipulated time. Let us have a look at the advantages of consumer durable loans:

· The interest rate of consumer durable loans is generally lower than personal loans or credit cards.

· The approval is not complicated as consumer durable loans have simple eligibility criteria and basic documentation proof. Salaried employees will have to show salary slips.

· The good part is many companies often provide 100% financing in this type of loan, so there is no need for any extra savings for down payment.

· A credit card is a revolving loan whereas consumer durable loans have fixed monthly EMIs with much lesser interest rates.

· During festivals, there are always some added benefits to consumer durable loans.

Consumer durable loan brings an excellent growth opportunity for both customers and businesses. Upgrade your lifestyle with consumer durable loans and achieve more year after year, without the burden of paying the price instantly.

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Acquire Three-Wheeler Loan in India

Attractive Auto Loan Options; Run Your Auto-Rickshaw Business Efficiently

Explore a wide range of three-wheeler vehicles in India, best suiting your business. Flexible loan options with 90% of funding for passenger vehicles like auto rickshaws can be acquired easily from credible banks and finance companies. Times have changed and loan acquisition processes have become transparent and simpler than before. If there are any limited budget issues, customization of financial options is possible to suit different income groups.

Following are some benefits of applying for three-wheeler auto loans:

· Maximum funding on the actual vehicle cost

· Reduces the burden of one-time bulk payment

· Early delivery of the vehicle after the initial down payment and verification process

· Best interest rates possible based on the borrower’s profile and loan amount

· Fixed monthly payments in the form of EMIs makes the repayment cycle easier between 12 to 36 months\

· Clear loan repayment schedule to know which date of the month and how much amount will be deducted.

· If all the requisites are in place, loans are sanctioned within 48 hours

Apply for Auto Loans Online

Over the years, road infrastructure has improved and so has the public transport. Auto rickshaws are a common mode of transport in many metro cities of India. Popularity of three-wheeler vehicles is increasing to facilitate easy travel, mainly in and around the area. Applying for loans online has simplified the loan application process. Application, sanction and disbursement are the three stages involved. Survey and select a reliable bank website, explore three-wheeler loan options, use the EMI calculator to know a monthly amount to be repaid inclusive of interest.

Driving license, bank statement, proof of commercial/residential property, previous loan record if any, are the basic documents required for acquiring a three-wheeler loan. Applicants can claim loan facilities for both passenger auto and cargo autorickshaws. Currently, there are real-time car hire services such Ola and Uber. Autorickshaws linked with Ola are known as Ola Auto and offer 30 to 40% increase in their earnings. Hence, with a scope of business growth there are many individuals investing in the three-wheeler vehicle business.

Online three-wheeler loan

procedures save plenty of time from visiting the branch office repeatedly. Now, that you know much about

auto loans

; get started with your transportation business without any delay. Applying and getting loan approvals online is a safe procedure and one should not hesitate in moving forward. In case the loan is paid before time, there is no prepayment penalty for amount adjustments.

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Two-Wheeler Loans in India Easy to Get, Easy to Pay Off

In terms of transport, majority of the Indian population depends on two-wheeler vehicles for ease of commuting in both urban and rural areas. Being an economical mode of transport, two wheelers are considered to be a preferable option as compared to four wheelers. Due to high demand, several banks and financial institutions propose hassle-free two-wheeler loans with easy installments and affordable interest rates. Due to the speedy and easy availability of two-wheeler loans, the usage of two wheelers have increased drastically making India as one of the largest manufacturers and users of two-wheelers in the world. Promoting zero emissions, electric two wheelers are also to be launched for environmental safety.

TVS credit, Home credit, Bajaj finance, HDFC bank, ICICI bank and many other financial institutions offer 100% financing options for two wheelers, cars, tractors and other consumer durables. Let’s focus on the features and benefits of acquiring a two-wheeler loan.

Acquire Two-Wheeler Loans at Low Interest Rates and Ease of Repayment

Banks and financial firms have set flexible and easy loan facilities on two-wheelers to simplify the process of vehicle purchase, making many dreams come true. Below are certain factors affecting two-wheeler loan application and general two-wheeler loan features that the buyer should be aware of:

· Majority of the banks and Non-Banking Finance Companies (NBFCs) release 100% of the two-wheeler’s on road price.

· Registration cost of the two-wheeler is inclusive in the loan amount.

· Documentation for a two-wheeler loan is minimal and fast. Applicant of 21years and above can apply for a loan.

· Location, income, job stability and credit history affect loan approvals

· Festive seasons are the best time to buy as the interest rate is low with zero processing fees

Two-wheeler loan

plans give an opportunity to the youngsters to fulfill their dreams at a very minimal budget with monthly flexible EMIs. There are secured student

bike loans

also offered at a repayment tenure of 1 to 3years. Two wheelers give a sense of liberty as the power to ride is now in your hands. Plan your budget before opting for

two-wheeler loan

and be a proud owner of a brand-new bike. You also have a choice of using the EMI calculator on the bank websites to know the price, down payment, interest rates and monthly EMI. Though taking a loan is not a burden, if planned intelligently as per your income then repaying will never be an issue.

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Rate of Tractor Loan Interest in India

A good tractor results in successful farming. There are full-size, compact, and utility tractors used to plough different size of fields. Tractor is the backbone of a farm having an astonishing production capability to support the modern-day agriculture in India. However, it is not easy for all Indian farmers to purchase a tractor giving full payment at once. Hence, to make the purchase possible, there are tractor loans available at various banks. These are available for both short term and long-term basis to an individual farmer, group of farmers or agricultural organizations.

Tractors purchased on loan are comprehensively insured for the full value at an interest rate of 12% p.a. However, the rate of interest differs from bank to bank. For instance, SBI offers 12% p.a. whereas ICICI and Axis bank offer 13% p.a. to 20.65% p.a. Loan amount will cover the tractor cost, accessories, implementations, insurance and registration expenses. With monthly instalments payable till 5years, there is a grace period of one month to regulate the flow of funds. Eligibility for acquiring tractor loans in India is minimum 2acres of land in the name of applicant.

Key Features of Acquiring a Tractor Loan

Tractor loans are also available without land mortgage and with land mortgage. Certain banks provide a credit shield against tractor loans to protect the farmer’s family from debt. In case of cancellations, interest charges will be borne by the customer. Also, processing fee, stamp duty and RTO charges are non-refundable. Following are the key features of tractor loans as compared to other form of loans:

· Loan tenure can be stretched up to maximum of 7 years with a grace period of 1 month

· Some banks allow repayment at various intervals - monthly, quarterly and half-yearly

· Processing charges relevant on tractor loan is typically 0.5% of loan amount

· Loan value released is up to 90% of tractor price

· Most banks flexibly extend tractor loans without additional warranty

Due to the online platform, it is easy to apply through the bank website. Using the EMI calculator, the buyer can check on the monthly amount to be paid, calculated including the interest rate. Easy documentation enables faster processing and disbursement of tractor loan. Identity, income and address are the basic documents required to be submitted for acquiring a tractor loan. Commercial income will be considered if you are a non-farmer applying for this loan.

Tractor loans are secured loans as it falls under the agricultural sector. Hence, there is no requirement of a guarantor.

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Top 5 Things To Consider Before Going For A Consumer Durable Loan

Learn about consumer durable loan.