A Loan is the Repayment of the Principal amount and Interest by a borrower in exchange for the actual amount given by a lender. Loans are two types, both Secured and Unsecured. Secured Loans are Loans in which the lender acquires collateral if the loan is not paid on time. And in Unsecured loans, there is no collateral option.
Loans are a liability for Borrowers, whereas Assets are for Lenders. Loans are both Useful and Risky options if not paid properly.
Honest Corporate Services provide various Loans like Home, Education, Business, and Mortgage.
There are different eligibility criteria for different loans.
• Home Loans
• Education Loans
• Business Loans
• Mortgage Loans