A secured loan is a type of loan backed by collateral, such as property or a vehicle, which reduces the lender’s risk and often results in lower interest rates. If the borrower defaults, the lender can seize the collateral to recover the debt.
An unsecured loan is a type of loan that does not require collateral, relying instead on the borrower's creditworthiness to secure the loan. Because there's no collateral, these loans typically come with higher interest rates and stricter credit requirements.
A machinery loan is a specialized loan designed to finance the purchase or lease of industrial equipment or machinery. Often used by businesses, this loan allows them to acquire necessary machinery without depleting their working capital, with the equipment itself sometimes serving as collateral.
A home loan, or mortgage, is a loan used to purchase or refinance a residential property. The property itself serves as collateral, and the borrower repays the loan in installments over a set period, typically with interest.
A personal loan is an unsecured loan provided to individuals based on their creditworthiness, not requiring collateral. It can be used for various purposes, such as debt consolidation, home improvements, or unexpected expenses, and is typically repaid in fixed monthly installments.
A credit card is a payment card that allows users to borrow funds up to a predetermined limit for purchases or cash advances. It requires repayment of the borrowed amount, typically on a monthly basis, and often includes interest charges on any outstanding balance.
ZED Certification is an Indian quality standard that encourages zero defects in products and zero environmental impact. It aims to improve the quality and sustainability practices of small and medium enterprises (SMEs).
Insurance schemes offer protection against risks by providing compensation or coverage for regular premiums. They address needs like health, life, property, and auto insurance, helping manage potential financial losses from unforeseen events.
Our GST Compliance and Advisory Services streamline GST management with registration assistance, accurate return filing, and audit support. We offer tailored advice to enhance efficiency, handle reconciliation, and provide team training on GST topics.
