Snehabindu Ventures
Personal Loan
Unsecured loans that can be used for various purposes like debt consolidation, medical expenses, or home improvement. They typically don’t require collateral and come with fixed interest rates and repayment terms.
Home Loan (Mortgage)
A loan used to purchase a home or real estate. The property serves as collateral for the loan, meaning if you fail to repay, the lender can take possession of the property. Mortgages typically have long repayment periods (15 to 30 years).
Auto Loan
A loan used to purchase a car or other vehicle. The vehicle itself serves as collateral, so if the borrower defaults, the lender can repossess the vehicle. These loans often have shorter repayment terms (3 to 7 years).
Student Loan
A loan specifically designed to help students pay for education expenses like tuition, books, and living costs. These loans may offer deferred payments until after graduation, and some come with lower interest rates than other loan types.
Small Business Loan
Loans provided to entrepreneurs or small businesses to help them start, operate, or expand. These loans can come in various forms, including SBA (Small Business Administration) loans, term loans, or lines of credit.
Peer-to-Peer (P2P) Loan
Loans made between individuals through an online platform, cutting out traditional financial institutions. The borrower can access funds from multiple investors, often at competitive interest rates.
