Know More About Loan

For Instant Approval ↓Apply Here↓

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Why us?

Rates as low as 10.50%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

Every human has his dreams and desires which he wishes to fulfil. It has become all the more important to know more about a loan on offer depending on the need of a customer. These dreams are not limited and cannot be controlled. For fulfilling his dreams, he needs monetary assistance. Finance plays a vital role in the life of humans. It has become more than a necessity in today’s world. No work is possible without the aid of money.Know more about loan

It is not really possible for every working professional to have a sufficient amount of money to accomplish his wishes and hence the need to know more about loan facility. Thus to get the required sum of money he borrows money which he later pays off.

In technical terms, the rate of interest is decided by the lender. Different methods are used for calculating the rate of interest. The lender of a loan can be an individual, a bank or any financial institution. It is not necessary that the rate of interest is the same. It is evident that a customer needs to know more about loans while selecting the best one.

Also, the time to pay back the loan is decided by the mutual consent of the lender and the borrower. The rate of interest is decided on the basis of the amount of the loan that is given and the period that is granted for the repayment.

The money that is borrowed is to be paid back in instalments. The instalments may be monthly or quarterly depending on the amount of loan. In certain situations, the lender asks for security from the borrower against the loan that is given by him.

This security is nothing but a guarantee. It may be equipment or land or anything that the borrower is in possession of. By doing this, the lender reduces his risk on the loan that he grants. The borrower holds the title on the land or property or the asset that he gives as security but would end up losing it if he is unable to pay back the debt.

If not security, a contract is made while the loan is given. A contract is another way in which the lender is not at a risk. The contract works as evidence that the loan was given. The borrower cannot deny the fact that he had not taken the loan.

This contract is to be signed by both parties and in case any of them fails to fulfil the requirements, he can be sued. But still, it is voidable at the option of the aggrieved party.

To know more about the loan and avail the facility with Dialabank and get Personalized Assistance

Leading Home Loan Providers (Click to Apply)

Axis Bank Home Loan

HDFC Home Loan

SBI Home Loan

Citi Bank Home Loan

Other Banks

Share This

Menu

gold loan pop up