Overview
Namma Finance offer a variety of loan opportunities to cater to different needs and financial goals. Here are some Specific types of loans available at Namma Finance
Personal Loans
- Purpose: Can be used for various personal expenses such as medical emergencies, weddings, vacations, home renovations, etc.
- Eligibility: Generally available to salaried individuals, self-employed professionals, and pensioners.
- Features: Collateral-free, fixed interest rates, flexible repayment tenure (usually up to 7 years), and quick disbursal.
Home Loans
- Purpose: To purchase or construct a residential property.
- Eligibility: Salaried individuals, self-employed professionals, and business owners.
- Features: Long tenure (up to 30 years), competitive interest rates, tax benefits under Section 80C and 24 of the Income Tax Act.
Business Loans
- Purpose: To fund business expansion, working capital, or new ventures.
- Eligibility: Business owners, entrepreneurs, and self-employed professionals.
- Features: Collateral-free or secured loans, flexible repayment tenure, and tailored repayment options.
Loan Against Property
- Purpose: To obtain funds by mortgaging a property.
- Eligibility: Property owners.
- Features: Competitive interest rates, long tenure, and tax benefits under Section 24 of the Income Tax Act.
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