General Questions
Easy Bank Loan Services is a loan service providing company, not a financial institution. We serve as the bridge between financial institutions like and people who are struggling to get loans from banks. Similar to banks, we lend our support to people to get loans from Non-Bank Financial Institutions (NBFI).
Yes. We have tie-ups with banks that provide personal loans for individuals to support their business. In such cases, you can get proper guidance from our advisors to get the personal loan for your business.
Yes. Many Banks and NBFIs are ready to provide loans to purchase used equipment. Depending on the age and condition of the machinery / equipment, the loan amount and terms of repayment are determined.
PMI stands for Private Mortgage Insurance. It is required in case when you purchase a mortgage by putting down the price less than 20% of the actual price. The PMI cost 0.5% to 1% of the loan amount on annual basis.
If you decided to get loan using your rented properties, then you would use Shop, Hotel, Farm, Office, Office Space, Land that are tenant to others as collateral to get loan against rent receivables.
You will not get the whole sum but you can get a particular rate upto 85% of the cost of equipment with Medical Equipment Loan.
The duration may vary from each bank and NBFI. In general, a loan application is approved within 4-7 working days after submitting appropriate documents.
