There are two kind of loans , Secured Loan and Unsecured Loan. Secured loan is a loan where a lender has access to some kind of asset so that incase you run away, he can liquidate the asset and take his full or partial money back, as there is a sense of security in secured loans, you have to pay a lower rate of interest on these loans. However a Unsecured loan is a loan where the lender has no access to any asset and incase you run away , bank has no way to get back that loan , thats the reason you have to pay very high interest rates on these loans, Personal loan and credit card are examples of these loans. The biggest reason why someone should go for these alternative loans is that the processing of these loans are much faster and better rates compared to a personal loan. So now lets see some alternatives to personal loan incase you posses an asset.

1. Alternatives to
Personal Loans
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Created by : jagoinvestor.com
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2. Why alternative loans
 Fast Processing
 Cheaper Interest rates
 Less Documentation
 No processing or Prepayment charges
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3. 1. Loan against Gold
 You can take loan against gold jewellery
 Lower interest rates for higher margin
 Secured Loan
 12-15% interest
 Extremlly fast processing
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4. 2. Loan against Insurance Policies
 LIC / SBI policies
 Loan value around 90% of SURRENDER VALUE
 Interest rates of 9-10%
 Loan from LIC or Banks
 Find out your LIC Loan eligibility by sms to 56677
(AskLIC YOUR-POLICY-NUMBER LOAN)
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5. 3. Loan against Fixed Deposits
 Interest rates 1-2% above the interest rates
offered on FD
 Loan available for 70-80% of the FD worth
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6. 4. Loan against Property
 Residential and Commercial Properties are eligible
 Loans offered for 50% to 70% of the Properties
worth
 Interest rates offered is 13% - 16%
 All the Loans are on FIXED interest rates
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7. 5. Loan against Other Investments
 Mutual Funds
 Shares
 Fixed Maturity plans
 Bonds
 PPF
 NSC/KVP
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8. Want more ?
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Or
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