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Six loans. Six different sets of rules.
The paperwork, the lenders and the questions you will be asked change completely between a home loan and a business loan. Here is what each one is for, what it is secured against, and who it usually suits.
At a glance
Comparing the six.
| Loan | Secured against | Typical tenure | Usually suits |
|---|---|---|---|
| Home loan | The property being bought or built | Up to 30 years | First-time buyers, construction on own land, balance transfers |
| Business loan | Nothing, or stock and receivables | 1 – 5 years | Traders and service businesses with steady bank credits |
| Personal loan | Nothing | 1 – 6 years | Salaried borrowers with a clean credit record |
| Loan against property | A house, shop or land you already own | Up to 15 years | Large requirements where a personal loan is too small or too costly |
| MSME loan | Often scheme-backed instead of collateral | Up to 7 years | Udyam-registered manufacturing and service units |
| Project funding | Project assets and promoter guarantee | Structured | Construction, hospitality and manufacturing projects |
01 — Home loans
The cheapest money you will ever be offered.
Because the lender holds the property, a home loan carries the lowest rate and the longest tenure of anything on this page. That makes it worth getting right — a small difference in rate, over twenty years, is a very large number.
- Buying a flat, an independent house or a resale property
- Buying a plot and constructing on it, released in stages
- Building on land you already own
- Extension, renovation or improvement of an existing house
- Balance transfer — moving a costly existing loan to a cheaper lender
- Top-up on a running home loan, at close to home loan rates
- Working capital for stock, salaries and seasonal demand
- Overdraft or cash credit limits against your current account
- Term loans for shop fit-out, expansion or a second location
- Machinery and equipment finance
- Invoice or receivable-backed funding for B2B suppliers
02 — Business loans
Judged on your bank statement, not your story.
Lenders read three things: how much money genuinely flows through your accounts, how regular it is, and how much you already owe elsewhere. Get those three presented properly and an unsecured business loan becomes far easier than most owners expect.
03 — Personal loans
Fast, unsecured, and priced accordingly.
Nothing is pledged, so the lender is taking a pure view on your income and your credit history. That means quick disbursement — often within days — but a higher rate and a shorter tenure than any secured option.
Use it for a genuine short-term need. If the amount is large or the tenure long, a loan against property will almost always cost you less.
- Wedding and family function expenses
- Medical treatment and hospitalisation costs
- Higher education fees, in India or abroad
- Consolidating credit card dues into one lower-cost EMI
- Urgent repairs, travel or any personal requirement
- Available to salaried and to self-employed borrowers who file returns
- Residential house or flat that is fully owned and clear of dispute
- Commercial shop, godown or office space
- Industrial property in some cases, depending on the lender
- Amount is set by the property valuation, usually a percentage of market value
- Can be taken as a term loan or as an overdraft limit you draw on as needed
04 — Loan against property
Turn an asset you already own into working money.
A property loan gives you a much larger amount over a much longer tenure than any unsecured option, at a fraction of the rate. The trade-off is real and you should be clear about it: the property is mortgaged, and a sustained default puts it at risk.
It suits business expansion, debt consolidation or a large one-time requirement — not a short-term gap.
05 — MSME loans
Where being registered actually pays.
If your unit is registered on Udyam, a set of lending routes opens up that ordinary business borrowers cannot use — including credit-guarantee-backed lending, where the collateral requirement is lighter because a guarantee fund stands behind part of the exposure.
- Term loans for plant, machinery and unit expansion
- Working capital limits sized to your production cycle
- Credit-guarantee-backed lending with reduced collateral
- Available to micro, small and medium units in manufacturing and services
- Requires Udyam registration, GST filings and a workable set of accounts
- Residential and commercial construction projects
- Hotels, resorts, hospitals and educational institutions
- Manufacturing units, including greenfield setups
- Assessed on the project report, projected cash flow and promoter contribution
- Disbursed in tranches, tied to construction or implementation milestones
06 — Project funding
Funded on what the project will earn.
Project finance is a different exercise from every other loan here. The lender is underwriting a plan, not a salary slip — so the quality of the project report, the realism of the projections and the size of your own contribution decide the outcome.
These take longer and need more preparation. Come to us early, before the land is committed and the costs are locked.
Common questions