Retail Loan
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Personal Loan & Debt Consolidation
Personal loans cater to individual needs such as house renovations, dream weddings, medical expenses, and domestic or international vacations. It ranges from 50,000 up to 50 lakhs for a tenure of 5 years. It is a hassle-free loan and can be availed in a short span without any physical security. We have tied up with various banks and NBFCs to ensure the client has an option to choose the bank that provides better interest rates compared to the other banks. Apart from personal loans, Debt Consolidation is also one of the options to get away with multiple debt obligations. Multiple debts are inconvenient for customers as it is difficult to track multiple EMIs. To avoid this, one can take a single loan with a low-interest rate and track EMI dates in a go. This helps in disciplining your debt. It also lets you streamline your payments by applying for a new loan to pay off your other debts, therefore leaving you with only one monthly loan payment. If you have high-interest debts like credit cards or a high-interest personal loan, a debt consolidation loan can help you to qualify for a lower monthly payment and for lower rates, which will help you save money over the long term.
Education Loan
You may have studied hard and excelled in your exams or just planned the next move in your career. But finding the best institute without worrying about finances should be the ultimate goal. At Swift Consultancy, we understand your career aspirations and provide educational loans at low-interest rates to fulfil your dream as a student. Educational loans help to bridge the gap between the shortfall and the required amount. An education loan is a sum of money borrowed to finance higher education and miscellaneous expenses such as tuition fees, books and supplies, and living expenses while the borrower is in the process of pursuing a degree. To avail of an education loan, you compulsory need a co-borrower, whose finances will be considered as well. And co-borrower has to be a family member and you should be able to prove your family relationship it is advisable to keep someone from a blood relation only as a co-borrower. And coming on the part of ROI (Rate of Intrest) it depends on the university student is planning to opt for the cause every financier have a list of universities where they are willing to finance student and there are 3 to 4 types of a list where they categorise the universities
for the education loan and ROI differ list to list. ROI starts from 8.5% and goes up to 14% one of the reasons is the future income of students after completing the course from their selected universities as it advised to visually select the universities you planning to opt for higher education. Also, it is advisable to the taken tenure of 8 years because the borrower or the co-borrower can avail of tax benefits under sec 80-E where you can save up to 100% of interest paid against your education loan amount in your taxes only up to 8 years so its best to take tenure of education loan up to 8 years you can take tenure of 10 years as well but won’t be able to save interest amount over 8 years, also here for the students planning for higher education overseas can also avail tax benefit of TCS where they can save up to 4.5% of taxes for transferring money international as well as the best part of education loan is the repayments methods where the borrower or the co-borrower get 3 options for repayment Moratorium, Simple Interest, Direct EMI. The moratorium is basically where the student has not paid and a single penny for the amount taken till his/her education period is over that they will be getting over and above the additional period of 6 months to 1 year as cool down period or you can say time to let student settle down with job and all after which EMI Starts for education loan taken earlier. Simple Interest is where the co-borrower the family member who has opted to be a co-borrower for the student education loan will start paying for the interest amount, from the very next month for the amount of education loan disbursement taken. Here also the borrower the student will get additional 6 months to 1 year after completing the course to settle in a job where the co-borrower continues to pay the interest amount for the education loan amount, and EMI starts on completion of this additional 6 months to 1 year period. And direct EMI is where the co-borrower starts paying for the education loan the very next month from the date of disbursement taken from the amount of the education loan.
Balance Transfer
Before you start thinking of going in for a balance transfer, you need to first know what a loan balance transfer means. To put it in the simplest of terms, balance transfer in loans refers to the transfer of the amount you owe on one loan to another loan. By doing this you end up paying for the first loan and owe that amount on the other loan. One main reason why someone might opt for a balance transfer could be that the other loan offers lower interest rates than the existing loan. We provide balance transfers for your home loans at an affordable interest rate and help you build your dream house.
Home Loan / Loan Against Property / Mortgage Loan
Buying a home is one of the largest investments people should make in their lives. A home loan fulfils all your dream home needs. Home ownership is all about security, comfort, and fulfilling one’s dream of having a place to call your own. A home loan is a secured loan where the lender provides finances for the purchase or construction of a residential/commercial property. One can also avail of a housing loan to buy a plot of land and construct it. Home loans are also issued to extend, repair, renovate, and alter a new or second-hand property. Indian Banks provide up to a maximum of 90% (100% for loan amounts below INR 20 lakhs) of the value of the house for a period of a maximum of 30 years. A house loan is also eligible for tax deductions. Whereas in loan against property is a mortgage or a secured loan availed after pledging property as collateral. The capital value of the property appreciates with time. You can utilize this value at any time whenever in need of funds. The proceeds of a loan against property
can be used for any legitimate purpose so you can be stress-free in any situation. A LAP is a secured loan that is sanctioned against the assets pledged as collateral. This asset can either be owned land, a house, or any other commercial premises. The asset remains as collateral with the lender until the entire loan against the property amount is repaid. With this provision, the sanction is usually quite high and the tenor spans across decades. Further, loans against property interest rates are considerably lower as compared to any unsecured loan. For a cost-effective and hassle-free experience, pick swift consultancy. With our offering, you can get access to a wide range of loan benefits and perks. A mortgage Loan is the same loan against property
Automobile Loan / Vehicle Loan / Two wheeler Loan / Commercial Vehicle loan
Owning a car is a lifetime investment, be it first or second-hand. If you don’t already own a car, you may be thinking about it. As our cities grow and continue to evolve, the rate of car ownership will only keep rising. Getting a car gives you the freedom to commute anywhere you need to. If you need to take a quick grocery trip you don’t need to worry about the weather bogging down public transport. A car can help you facilitate many daily tasks. If you lead a busy life, a car can make your life so much easier. Having your vehicle provides immediate mobility while also creating a sense of independence and financial gratification. It is not uncommon to see a car being purchased when we have some extra money available to us It allows you to buy your desired vehicle, be it a two-wheeler or four-wheeler, can pay the vehicle off in EMI and can drive your happy home. In addition
the availability of many new models in the market makes us want to drive one of those hot wheels. Swift Consultancy offers loans on all types of Commercial Vehicles (new and used) of all major manufacturers. To meet your aspirations, we have specialized branches dedicated to providing commercial vehicles and equipment loans. We have also opened Transport offices for servicing diverse profiles like truckers, milkman, shopkeeper etc. Our competitive interest rates are based on factors such as customer profile and location.
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