A secured loan is one wherein you have pledged a collateral as a security towards the loan. This allows you to acquire the loan at a lower or an affordable rate of interest.

Lending against securities has been around for ages. Only today with the presence of several experienced lenders such as NBFCs the process to acquire the loan has become easier and faster.

This is an all purpose loan which the lenders do not check upon how it is being used. So, you can use the loan to -

Increase the working capital of your firm: The high value loan up to Rs. 10 crores allow you to improve business productivity and manage it well. The process does not take long and it can be used to cater various aspects of the business. Such as to hire new staff, purchase bulk inventory, upgrade to latest technology, expand business to new city and for much more.

Not just business the loan can be used to fund higher studies of your children: If you are planning to send them overseas then with the funds you need not worry about the various expenses associated with the process. All you have to do is find your children the right university and plan their travel, lodging and tuition charges.

Divert funds to clear your medical bills: Planning for medical emergencies is essential as it gives you time to deal with the situation patiently and take care of your loved one rather than stressing about finances.