About  Loans

A loan is money, property, or other material goods given to another party in exchange for future repayment of the loan value or principal amount, along with interest or finance charges. A loan may be for a specific, one-time amount or can be available as an open-ended line of credit up to a specified limit or ceiling amount.

Loans allow for growth in the overall money supply in an economy and open up competition by lending to new businesses. Loans also help existing companies expand their operations. 

The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.

The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. 

Tulasi Multipurpose Co-operative Ltd.  has the provision of different types of loan at affordable interest rate to the members, abiding the principles, norms and values of organization.

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An Entrepreneur Loan is a personal loan to an entrepreneur and it can be used to finance investments in the share capital of a limited company. As an entrepreneur, to ensure that your business survives in a cut-throat competitive environment, you require substantial amount of funds along with sound management skills.

Tulasi Credit Types

सामूहिक जमानि

Group Guarantee

 

A business loan is a loan specifically intended for business purposes. A lending agreement between a lender and a business in which the lender gives money to the business, and the business pays it back in an agreed-upon amount of time with an agreed-upon amount of interest. It involves the creation of a debt, repaid with added interest.

Education loan is a special kind of loan granted under which some amount of money is granted to students at special rates. An education loan is a means of helping students to pay for the rising tuition fees. Education loan is taken so that students can study as much as they want, without any financial problems.

loan

An agriculture loan is an overdraft facility which could be used to meet the cost of farming, cultivation and working capital activities for agri-business and associated activities. This loan could also be used for buying cattle, purchase of equipment for farming and irrigation and other agricultural requirements.

Develop the trust and desire for collaborative success.

An Entrepreneur Loan is a personal loan to an entrepreneur and it can be used to finance investments in the share capital of a limited company. As an entrepreneur, to ensure that your business survives in a cut-throat competitive environment, you require substantial amount of funds along with sound management skills.

Tulasi Credit Types

धितो कर्जा प्रवाह

Collateral Loan Policy

A business loan is a loan specifically intended for business purposes. A lending agreement between a lender and a business in which the lender gives money to the business, and the business pays it back in an agreed-upon amount of time with an agreed-upon amount of interest. It involves the creation of a debt, repaid with added interest.

A home loan is a loan used to pay for building a new home, after which time the loan may convert into a standard mortgage. A legal agreement in which a person borrows money to build a new house and pays back the money over a period of years. During construction, most loans of these type are interest-only.

Hire purchase is a type of asset finance that allows firms or individuals to possess and control an asset during an agreed term, while paying rent or instalments covering depreciation of the asset, and interest to cover capital cost. Ownership is not transferred to the purchaser until all payments are made.

A machinery loan helps you obtain financing to buy new equipment’s and machineries. It helps you improve business productivity, without affecting normal operations. It is necessary to automate, upgrade & improve the efficiency of shop floor with various new types of machinery and equipment’s.

Emergency Loan is a loan that helps you with cash in emergency situations like as hospital bills, auto repairs, fixing storm damage on a house or burying a loved one. People typically need those loans right away to cover unexpected payments. The service is supposed to satisfy people’s financial urgent need.  

Home Loan

A young entrepreneur loan is designed to help young entrepreneur gain access to funds that will their business grow. The funding can be important to a small business because they can use it for the purchase of equipment, expand its workforce or enter new marketplace. Also, new entrepreneurs will also benefit greatly from small business loans.

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