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About the Product
These loans require documents such as the original property documents of the asset being pledged as collateral, bank statements for the last 6 months, and potentially a guarantor
Typically Targeted at
Enteprises, Established SMEs
Collateral Backed Loans: These are loans that are secured by an asset or collateral. The collateral could be property, vehicles, gold, or other valuable assets. If the borrower fails to repay the loan, the lender has the right to seize the collateral to recover the loan amount. For example, in India, a common type of collateral-backed loan is a home loan where the property being purchased serves as the collateral.
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