Business Loan

Unsecured business loans provide financing to businesses without requiring collateral. These loans are based on the creditworthiness of the business and its owner, offering a flexible and accessible option for entrepreneurs seeking capital without risking company assets. Unsecured loans typically come with higher interest rates compared to secured loans, but they provide a faster, simpler application process with less paperwork.

1. Term Loans:

Term loans are a popular form of unsecured business financing, providing a lump sum of capital that is repaid over a fixed term, typically with fixed interest rates. These loans are ideal for businesses needing a one-time cash infusion for specific purposes, such as expansion, equipment purchases, or working capital. With predictable monthly payments and clear repayment timelines, term loans offer businesses the stability and financial support they need to achieve long-term goals.

2. Drop Line Overdraft Facilities:

A drop line overdraft facility is a flexible form of unsecured business loan, allowing companies to access a pre-approved credit limit as needed, similar to a business line of credit. Businesses can draw funds up to a set limit, and the amount borrowed is repaid over time, with interest only charged on the amount used. Unlike traditional loans, this facility provides ongoing access to capital, which can be drawn down and repaid multiple times. It’s an ideal option for businesses with fluctuating cash flow or short-term financing needs, offering flexibility and convenience for day-to-day operations.

Personal Loan

A personal loan is a flexible financial solution that provides individuals with access to funds for a variety of personal needs, including debt consolidation, home improvements, medical expenses, or unexpected emergencies. Unlike secured loans, personal loans are typically unsecured, meaning they do not require collateral. With competitive interest rates, fixed monthly payments, and a predetermined repayment period, personal loans offer clear terms and predictable budgeting. Whether you’re looking to streamline your finances or cover an urgent expense, a personal loan can provide the support you need with a simple and straightforward application process.

Home Loan

We offer a trusted and flexible home loan solution for individuals looking to purchase, refinance, or renovate their home. With competitive interest rates, customizable repayment terms, and a simple application process, Star Finreal makes homeownership more accessible. Whether you are a first-time buyer or looking to refinance an existing mortgage, Star Finreal provides personalized support and guidance every step of the way. Enjoy the peace of mind that comes with transparent terms, affordable monthly payments, and the expertise of a reliable financial partner dedicated to helping you achieve your homeownership goals.

Car Loan

A car loan is a type of financing that allows you to purchase a new or used vehicle by borrowing money from a lender. Typically secured by the car itself, car loans come with fixed or variable interest rates and flexible repayment terms, which can range from a few years to several. With a car loan, you can drive away in your vehicle sooner, while making affordable monthly payments over the loan term. Depending on the lender, you may be able to choose between different loan amounts, down payment options, and loan terms to suit your budget and needs.

Car Refinancing

Car refinancing allows you to replace your existing auto loan with a new one, often at a lower interest rate or with better terms. This option is ideal for borrowers who have improved credit scores or who are seeking lower monthly payments, reduced interest rates, or a change in loan terms. Refinancing can help reduce the overall cost of your loan, shorten the repayment period, or provide you with more manageable monthly instalments. Car refinancing is a straightforward process that can offer significant financial relief, depending on your current financial situation and market conditions.

Loan Against Property

A Loan Against Property (LAP) allows individuals and businesses to borrow funds by using their property as collateral. This type of loan is ideal for those seeking a larger loan amount, as the property’s value secures the loan, often resulting in lower interest rates compared to unsecured loans. LAPs can be used for a wide range of purposes, such as business expansion, home renovations, working capital, or education. The property used as collateral can be residential, commercial, or even industrial, providing flexibility in terms of eligibility. The loan amount typically depends on the market value of the property, with lenders offering up to a certain percentage of its value. Repayment terms are typically structured over a longer period, making it easier for borrowers to manage their monthly payments. Since the loan is secured against the property, failing to repay could result in the property being seized, so it’s essential for borrowers to ensure their ability to meet repayment obligations. Loan Against Property provides a powerful option for those looking to leverage their real estate assets to secure much-needed funding, offering competitive rates and flexible terms.

Commercial Property Purchase

A Commercial Property Purchase Loan is a financing solution designed to help businesses acquire commercial real estate, such as office buildings, retail spaces, industrial properties, or warehouses. This loan is typically secured by the property itself, allowing businesses to leverage the value of the real estate as collateral. The funds can be used for purchasing property, which can then serve as a business asset, generate rental income, or be used for expansion purposes. These loans offer flexible terms, including competitive interest rates, repayment schedules, and varying loan amounts based on the property’s value and the borrower’s financial health. Repayment periods for commercial property loans often range from 5 to 20 years, depending on the loan amount and the lender’s conditions. A commercial property purchase loan is an ideal option for business owners looking to invest in real estate, whether for operating a business from the property, as a long-term investment, or to establish a stable business location. By securing financing for property acquisition, businesses can build equity while enjoying the benefits of owning rather than renting commercial space.

Debt Consolidation

Debt consolidation is a financial strategy that involves combining multiple high-interest debts, such as credit card balances, personal loans, and other outstanding obligations, into a single loan with a lower interest rate and more manageable terms. This approach simplifies your debt management by consolidating all outstanding balances into one monthly payment, making it easier to track and repay. By consolidating debts, borrowers can potentially reduce their overall interest costs, lower monthly payments, and achieve a clearer path toward becoming debt-free. Debt consolidation loans may be secured or unsecured, depending on the borrower’s credit profile, and typically offer flexible repayment terms. This solution is ideal for individuals who are overwhelmed by multiple debts or those looking to streamline their finances and regain control over their financial situation.

Working Capital Facilities

Working capital loans are short-term loans provided to businesses to help cover day-to-day operational costs, like salaries, inventory, or raw material purchases. These loans are typically used to finance the gap between a company’s short-term assets and its short-term liabilities. The primary objective is to ensure smooth business operations without running into cash flow problems.

Types of Working Capital Loans:

1. Fund-Based Limits:

Fund-based limits are credit limits where the bank provides actual funds to the business. In these cases, the company is directly borrowing money from the bank, and the funds are either disbursed to the business or made available through a line of credit. The borrower has to repay the amount within a stipulated period, often with interest. Examples of Fund-Based Limits:

• Cash Credit (CC): This is a short-term loan allowing businesses to borrow funds up to a certain limit to cover working capital needs. Interest is charged only on the amount used, not the full credit limit.

• Overdraft (OD): Similar to a cash credit, but instead of a loan, the bank allows the business to withdraw more than the available balance in its account, up to an agreed limit.

• Bill Discounting: When a business sells its receivables (invoices) to a bank at a discount, the bank gives the business immediate funds.

2. Non-Fund Based Limits:

Non-fund based limits do not involve the direct disbursement of funds. Instead, these limits involve contingent liabilities, where the bank commits to a payment in case the business fails to meet its obligations. The company does not actually receive money upfront, but the bank issues guarantees or letters of credit that help the business secure financing or make payments.

Examples of Non-Fund Based Limits:

• Bank Guarantees: The bank provides a guarantee to a third party that the borrower will fulfill their obligations. If the borrower defaults, the bank will pay the third party.

• Letters of Credit (LC): A bank guarantees payment to a seller on behalf of a buyer, ensuring the seller receives payment as long as they meet the conditions outlined in the LC.

• Forward Contracts: These are agreements where the bank agrees to pay on behalf of the borrower at a future date, providing security in international trade or similar transactions.

Insurance

1. Loan Protector:

This insurance covers your loan repayments in case of unexpected events like illness, disability, or death, ensuring your debt is paid off without burdening your family. Aliqu diam amet eos erat ipsum et lorem et sit, sed stet lorem sit clita duo justo erat amet Aliqu diam amet eos erat ipsum et lorem et sit, sed stet lorem sit clita duo justo erat amet

2. Investment-Cum-Insurance Plans:

A combination of life insurance and investment, this plan offers both financial protection and wealth growth, helping you secure your future while accumulating returns.

3. Life Insurance:

Life insurance provides financial support to your dependents in the event of your death, ensuring they are protected with a sum assured to cover living expenses and debts.

4. Fire Insurance:

Fire insurance protects your property, or business premises & inventory from damage caused by fire, covering repairs, rebuilding costs, and other losses due to fire-related incidents.

5. Car Insurance:

Car insurance protects your vehicle against damage, theft, or accidents, including