today’s jet age everything is easily available.
The proof can be noticed, the moment you
open your inbox, various types and kinds
of finance and loans must greet you. Each
company seem, to be offering you the best
deal, with the most number of installments
and at the lowest possible interest rate.
However in real life the picture can be
very different then what these financial
companies might usually depict.
banks can offer loans. This is one of the
integral part of work of a bank. This is
one of the ways the banks earn money and
also generate money for the economy as a
whole. Moreover there are a number of financial
institutions who also give out loans. There
are also a few finance companies who give
you loans for almost everything.
the banks and the financial institutions,
the finance companies are not really directed
or controlled by the central
These finance companies give you loans for
any purpose you may want to .You can get
a loan from there for buying a car, buying
a house, education loan, buying equipments,
personal finance and everything. No matter
what your need or requirement may be they
offer you all possible kinds of loans.
case if you want a loan or finance for a
too specific reason, then these financecompanies
are there to help you out. Incase none of
the existing schemes are there to help you
out and meet your requirements, you can
simply go to the finance company for help.,
There are experienced financial consultants
who are experts in their field of work.
They can help you out for designing a special
finance scheme that would meet your specific
requirements and cater to all your needs.
You can sit with them and find out the various
technicalities involved with the scheme.
You can negotiate the number of installments
and the rate of interest payable by you.
You can work out with them what suits you
and what does not suit you.
best thing about these finance companies
is the fact that unlike banks whose loan
is just another branch of working, for these
people, this is there main business so they
do give you personalized attention and try
their best to meet all your requirements
and fulfill all your needs. They believe
in walking that extra mile for you.
of us see dreams, however it is not financially
possible for us to fulfill all such dreams.
However thanks to the advent of so many
finance companies; it becomes easier for
us to fulfill our dreams. These finance
companies belief in translating our dreams
into reality. So next time you dream, you
can literally make it come true.
is important for the finance company to
know to whom it is giving credit. For that
you might be asked to provide your previous
credit history and your previous loan servicing
details. This is because they want to make
sure and ensure that they are giving credit
to the right person, who has the financial
ability to service the loan properly. By
servicing the loan we ,mean paying the installments
on time , paying the interest on time and
so on. The Finance company does so as a
, when you are interested in taking loans
from a finance company, you too should
ensure that the company who is giving you
finance is credible enough and not a fraud.
Ask people if they know about the concerned
financecompany, check out its reputation
in the market and then deal with them .Another
important aspect is to read the agreement
before signing it extremely carefully. You
should be fluent with all the terms and
conditions of the agreement and also be
aware of the various implications it might
the finance companies may ask for property
papers to be kept as collateral securities
as a precaution, incase the person who has
taken the loan, goes bankrupt or his debt
turns bad. Good debt can easily turn bad
thanks to instable financial condition,
bad money management and so on. In such
cases you should be extra careful as if
the agreement signed by you permits, then
the finance company can usurp your property
placed with them as collateral securities
on the ground that the debt has turned bad
.Thus it is very important to be fluent
with the terms of the agreement before signing
Categories of banking
of international finance