At Premium Finlease Pvt. Ltd., we are committed to empowering our customers with the knowledge they need to make informed financial decisions. Whether you're applying for an Individual Loan (IL), a Home Loan (HL), or a Loan Against Property (LAP), it’s important to understand the features, benefits, and responsibilities that come with each product. Individual Loans (IL) These are unsecured loans designed to meet personal or business needs of individuals. Purpose: Working capital, business expansion, personal expenses, etc. Loan Amount: Based on eligibility and income. Repayment: Fixed EMIs over a defined tenure. Key Points: - Ensure the purpose of the loan is well-defined. - Borrow only what you can repay comfortably.
Home Loans (HL) Home Loans help you purchase, construct, or renovate a residential property. Purpose: Buying a new house, building one, or renovating an existing one. Loan Amount: Based on income, property value, and repayment capacity. Benefits: - Tax benefits under Income Tax Act. - Longer tenure and lower interest rates. Key Points: - Always verify property documents and legal clearances. - Ensure timely EMI payments to avoid penalties.
Loan Against Property (LAP) A secured loan offered by mortgaging your residential or commercial property. Purpose: Business needs, education, medical emergencies, or personal requirements. Loan Amount: Percentage of property’s market value. Benefits: - Lower interest rates due to secured nature. - Longer tenure and higher loan eligibility. Key Points: - The property remains under lien until full repayment. - Ensure property is free from any legal disputes.
Our Commitment to You - Transparent processes and clear documentation. - Fair and responsible lending. - Guidance through every step of the loan journey. Borrow responsibly. Understand your financial commitments before applying. For any queries, feel free to reach out to our team. We’re here to help!