#securedloan

What is unsecured business loan (UBL)? - It does not need any collateral - Loan is sanctioned based on your business potential and creditworthiness - It can be used for expanding, buying machinery, hiring labour, launching products etc. Unsecured business loan vs. other options - Interest rate on UBL is lower than a personal loan - No risk of losing an asset, unlike secured loans 4 benefits of taking unsecured business loan (UBL) #1 : Meet urgent capital requirements - Use the loan amount as you wish - Fast and easy loan approval #2 : Boost your credit score - Repay EMIs on the current loan punctually to improve credit score - Then you will get a larger loan at a lower interest rate next time #3 : Ensure positive flow of cash - No need to worry if customers do not pay on time - UBL helps maintain a positive cash flow - The loan acts as cash buffer and funds operations till payments come through #4 : Easy repayment - Flexible EMI options to suit your convenience - Interest rate and loan amount are negotiable - Zero hidden costs - Quick and hassle-free documentation - Low prepayment charges and processing fees If you want to grow your business fast and do not have any collateral to pledge, opt for an unsecured business loan. To know more, click here - https://bit.ly/3in4lNh. To apply for an Unsecured Business Loan, click here - https://bit.ly/3CiSGXQ. #HeroFinCorp #BusinessLoan #Business #Loan #Credit #unsecuredloans #unsecuredloan #securedloans #securedloan #smallbusiness #BusinessTips

1. Secured loan is taken against any collateral like house, land, car or jewellery. It is easy to get since the lender can sell the collateral if you default. A. Secured loan types 1. Loan against property 2. Auto loans 3. Invoices B. Pros of secured loan ● Low interest rates ● You might get the loan even if you don’t have a superb credit score ● You can borrow a large amount, based on your credit history and value of the collateral ● Long repayment tenure C. Cons of secured loan ● If you default, you might lose your collateral ● Long tenures inflate the interest burden 2. Unsecured loan needs no collateral and is approved based on your creditworthiness. Since the lender’s risk is high, the interest rates are high and repayment tenures and loan amounts are small. A. Unsecured loan types 1. Line of credit 2. Term Loan B. Pros of unsecured loans ● No collaterals required ● No risk of losing assets kept as collateral ● Loan application and processing is fast C. Cons of unsecured loans ● Small loan amount ● High interest rates ● Impressive credit score required What you choose depends on your ability to repay, attitude towards risk and need. In both cases, you need a good credit score and should repay on time. #HeroFinCorp #BusinessLoan #Business #Loan #Credit #unsecuredloans #unsecuredloan #securedloans #securedloan #smallbusiness #BusinessTips

1. Secured loan is taken against any collateral like house, land, car or jewellery. It is easy to get since the lender can sell the collateral if you default. A. Secured loan types 1. Loan against property 2. Auto loans 3. Invoices B. Pros of secured loan ● Low interest rates ● You might get the loan even if you don’t have a superb credit score ● You can borrow a large amount, based on your credit history and value of the collateral ● Long repayment tenure C. Cons of secured loan ● If you default, you might lose your collateral ● Long tenures inflate the interest burden 2. Unsecured loan needs no collateral and is approved based on your creditworthiness. Since the lender’s risk is high, the interest rates are high and repayment tenures and loan amounts are small. A. Unsecured loan types 1. Line of credit 2. Term Loan B. Pros of unsecured loans ● No collaterals required ● No risk of losing assets kept as collateral ● Loan application and processing is fast C. Cons of unsecured loans ● Small loan amount ● High interest rates ● Impressive credit score required What you choose depends on your ability to repay, attitude towards risk and need. In both cases, you need a good credit score and should repay on time. #HeroFinCorp #BusinessLoan #Business #Loan #Credit #unsecuredloans #unsecuredloan #securedloans #securedloan #smallbusiness #BusinessTips

Secured loans are loans which require the borrower to pledge an asset or security to avail the loan. Fullerton India brings to you a range of secured mortgag...