Private Financer in Delhi “Investment by private companies”

Different Perspectives:Loan is an amount borrowed from bank, private financers, brokers, lenders for planned as well as unplanned events. They are classified as secure as well as unsecure loan. Secure loan is for a huge sum and long period of time with assets as security. An unsecure loan is for a short period and does not have any guarantee associated with it. The long-term loans are followed by payment protection insurancein order to absorb any unforeseen casualty during the course of loan repayment. The banks and lenders charge annual percentage rate which is the interest rate for a period of twelve months. Private Finance is an initiative wherein private firms are given contracts to complete and manage projects pertaining to public. In this case the private firm makes all the capital investment and the government on leasing to the public gathers funds to repay it back annually.

 

The contracts of this type are long and last few years maybe thirty and greater.This concept finds its origin in countries like Australia, United Kingdom and Spain.It is also called a public and private relationship.Examples of private finance initiatives include national highways in the country. The contractor constructs and maintains the highway and government collects toll to compensate and pay the contractor at regular intervals.In Delhi, private finance also refers to a loan that is given without taking into account the income.It falls under the category of unsecure loan.The types of loans that can be given include home loans, against property, car loan, personal loan and private finance.

 

Private Financers in Delhi: There are a number of private financers in Delhi.Instant loans can be obtained from finance companies even if the customer has a bad credit score. These companies are transparent and provide all information to the clients. Also, they understand the situation of financial crunch of the user and are always eager to provide loan. The main attractions of these are documentation is easy, payment of loan period is flexible and interest rates are reasonable.

Assistance is also given to the clients end by various representatives of private financer in Delhi. These also do not require any guarantor for obtaining the loan and does not account for the inflation rate over the period of repayment.

 

Need:Loans are taken for various purposes.Some are for two-wheeler,four-wheeler, cars which are pre-owned, commercial vehicle, against gold and property. The main aim of private financer in Delhiis to facilitate prosperity of every human being living in the metropolitan city despite meeting the daily expenses.

 

Summary of advantages:There are many advantages on taking loan from a private financer. The procedure is simple, credit ratings are not very important, no hidden costs, approved in the shortest possible time, online and paperless.The amount that is sanctioned is higher than would have been provided by banks. The repayment period is also realistic and takes into consideration the interest of the user. The interest rates are also in favor of the client. Some of the private financers lend amount to individuals or to the companies while some lend it to promote advancement of women who set up small scale enterprises.