As an official channel partner to many of India’s largest loan distributors, EQUITBIZ lends a hand to accomplish consumer needs. Being reliable, we offer quick & sensible trade solutions. From the application process to choosing what lenders to approach, we’ve assembled our best resources to help you secure a loan for your multipurpose.
Headed by the best entrepreneurs of the field, Equitable Business Solutions a registered LLP has formed a wholly-owned subsidiary company by the name of EquiTbiz – which will undertake new activities in the Financial Services area. The company proposes to enter the area of Property deals, merchant Banking, Housing Finance, Private Equity Investments, Assets and Vehicle Financing, Retail Finance and other related areas. These activities would be undertaken either in subsidiary or associated companies depending on regulatory requirements.
EquiTbiz scrutinize lender who gives money for significant but necessary items like a car, commercial property or home. Loan contracts come in all kinds of forms and with varied terms, ranging from simple promissory notes between friends and family members to more complex loans like mortgage, auto, business and student loans. Other loans, like small business loans are only available to selected people. Regardless of type, every loan – and its conditions for repayment – is governed by RBI from unsavory practices like excessive interest rates.
In addition, loan length and default terms should be clearly detailed to avoid confusion or potential legal action. In case of default, terms of collection of the outstanding debt should clearly specify the costs involved in collecting upon the debt. This also applies to parties of promissory notes as well.