Loan King | Personal Loan | Home Loan | Car Loan

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Be it unexpected expenses such as medical bills, house renovation or a family vacation, buying a new property or a car, thinking to start a business of yours or upgrade the existing one you've been planning for a while. Loan King ensures that you get the best Loans in terms of interest rates and other facilities. You can choose from Adjustable, Fixed or Floating Rate Loan by scanning dozen of offers from various banks and choose the best.

Home Loan

Home Loan falls under the category of Secured loan offered against the security of a personal or a commercial property which is funded by the bank. The Home Loan taken by a borrower from the bank issued against the property/security envisaged to be bought on the part by the borrower giving the banker a conditional ownership over the property i.e. in case the borrower is unable to pay back the loan amount, the banker can sell the property to recover the amount given as loan.

Loan Against Property

Loan against property (LAP) is one of the simpler aspects of banking given or disbursed against the mortgage of property. It falls under the secured loan category where the borrower uses his/her property as security to guarantee the repayment of the loan amount. The loan is given as a certain percentage of the property's market value, usually around 40 per cent to 60 per cent.

Personal Loan

There are end numbers of time when our needs and goals stay unfulfilled because of the gap that exists between our dreams and reality where Personal Loan can help in making difference in your life. Personal Loans can help you with addressing your needs such as unforeseen costs, wedding in the family, home change or any sort of personal event. The procedure is extremely simple and expeditious. You don't need to hypothecate any insurance or property to avail this loan. All you have to do is follow some simple steps and help us understand your requirements.

Auto Loan

An auto loan belongs to the category of secured loan that allows the potential buyer to buy a car without paying the entire amount at once and provide them a provision to pay the vehicle off in monthly payments. This means that the lending party or financial institutions will pay off the vehicle in full, while in return the borrower pays off the debt in monthly payments with an interest fee included as well. The duration of these loans can be between 3 to 7 years.

Loan against Used Car

Loan against used car is a short-term loan in which the borrower's car title is used as collateral. The borrower must be the lien holder (i.e. own the car outright) and the vehicle age at the end of loan against car tenure should not exceed 7 years (private usage) and 6 years (commercial usage). These loans are usually for 5 years. If borrower is unable to make the repayment of the loan amount, the lender has the authority to take the ownership of the car and sell it to recover the loan amount.

Business Loan

A business loan falls under the category of unsecured loans. These loans can be applied by the companies to borrow capital when they are unable to meet the expense. Lenders charge fixed interest on loans as the price paid for borrowing the money. A fixed interest rate implies that the rate of interest remains same for the duration of the loan and its payback period.