Personal loan is especially for salaried workers who needed emergency cash loan for personal purposes. These loans known as unsecured loans, which mean you get the borrowings without giving any collateral. These loans are advanced based on the borrowers’ credit profile and their ability to repay the loan from their salary.
Business loan is a loan that is for business owners for emergency cashflow needs of their business operation. It could be business financing, SME business loan, corporate loan, working capital loan and factory loan. The loan can be used for business operational purposes, business expansion and urgent capital expenditure requirement.
Refinancing loan is offered for borrowers who have properties. Borrowers can apply for a cash surplus based on the market value of the real estate and the bank’s existing loans. It can be short term as well as long term. You can also qualify for this loan, even if you are CCRIS or CTOS blacklisted.