Secured Loans

A Secured Loan is a type of loan backed by collateral such as property, gold, or other assets. It offers higher loan amounts at lower interest rates, making it an ideal choice for individuals seeking funds for major expenses like home renovation, education, or business expansion.

Age: 21 to 65 years

Nationality: Indian Resident

Employment: Salaried or Self-Employed

Minimum monthly income: ₹25,000

Valid collateral such as property, gold, or fixed deposits

Good credit score (650 and above)

Interest Rate: Starting from 8.5% per annum

Processing Fee: Up to 1.5% of the loan amount

Prepayment Charges: 2% on outstanding principal

Late Payment Fee: ₹500 per month

Loan Tenure: 1 to 15 years

Loan Amount: ₹1,00,000 to ₹5,00,00,000

Q: What is a Secured Loan? A: A secured loan is a loan that requires the borrower to pledge an asset as collateral to obtain the funds.

Q: What can be used as collateral? A: Property, gold, fixed deposits, or other approved financial assets can be used as collateral.

Q: How long does the approval process take? A: Loan approval typically takes 3 to 7 working days after document verification.

Q: Can I prepay my secured loan? A: Yes, prepayment is allowed with a nominal prepayment charge of 2% on the outstanding principal.

Q: What happens if I default on the loan? A: In case of default, the lender has the right to seize and liquidate the pledged collateral to recover the outstanding amount.

Visit our website or nearest branch to begin your application.

Fill in the online application form with your personal and financial details.

Upload the required documents including ID proof, address proof, and collateral documents.

Our representative will verify your documents and assess the collateral value.

Upon approval, the loan amount will be disbursed directly to your bank account.