A loan is the act of giving money, property or other material goods to another party in exchange for future repayment of the principal amount along with interest or other finance charges. A loan may be for a specific, one-time amount or can be available as an open-ended line of credit up to a specified limit or ceiling amount.
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The terms of a loan are agreed to by each party in the transaction before any money or property changes hands. If the lender requires collateral, that is outlined in the loan documents. Most loans also have provisions regarding the maximum amount of interest, as well as other covenants such as the length of time before repayment is required. A common loan for American consumers is a mortgage. The mortgage calculator below illustrates the various types of mortgages and their different terms.
We provide loan facilities at very less time and on reasonable file charges. Renovation Loans are finance options you can take to decorate, repair or makeover your homes which include interior design, new furniture or any kind of renovation.
Real Money Groups is a budding and highly promising company in the advisory and distribution services of various types of loans viz. home loans, loan against property, Business loan, Personal Loans, Loans for SME etc. The company has formulated strong ties with the leading banks and non-banking financial companies across India to make their products accessible and available to its cherished clients.