Unsecured loan is a loan that is issued and supported only by the borrower's creditworthiness, rather than by any type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan. These are highly flexible loans that can be used for a wide range of purposes, including working capital, expansion capital, asset purchase and more. A personal guarantee (PG) might be required as security in certain cases..
Invoice discounting is another form of unsecured loan, which we plan to offer very soon. Invoice discounting is the practice of using company's unpaid invoices to raise working capital & fulfill its financial needs. Invoice discounting involves transfer of rights on an asset (invoice) from the seller (i.e. business) to the financier (i.e. lender/ Bank/ NBFC) at an agreed value. Mudra Circle plans to provide a marketplace/ platform for business owners to sell and lenders such as Banks/ NBFCs to purchase invoices raised on blue chip companies. Business-owners looking for advance on their invoices, raised on blue chip/creditworthy institutions, can use our platform to sell these unpaid invoices at attractive rates once the product is launched.
Merchant Cash Advance is one of the quickest way for small business in India to gain access to much needed liquidity to fund their business operations. Benefit of a cash advance loan is that the repayments are tied directly to the small business' daily sales volume.
We have partnered with large number of Banks/NBFCs to help Borrowers access finance conveniently through MudraCircle.
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Secured debt is debt backed or secured by collateral to reduce the risk associated with lending, such as a mortgage, Machinery/ Equipment, Gold, Shares, Securities, Deposits, Mutual Funds, etc.
These loans can also be used for a wide range of purposes, including working capital, expansion capital, asset purchase and more.
Debt Consolidation is combining several secured or unsecured debts — mortgage loan, credit cards, medical bills, personal loans, payday loans, gold loan, loan against securities, etc. — into one loan. In effect, multiple debts are combined into a single, larger piece of debt, usually with more favorable pay-off terms: a lower interest rate, lower monthly payment or both. Instead of having to write checks to 5–10 creditors every month, you consolidate bills into one payment, and write one check. This helps eliminate mistakes that result in penalties like incorrect amount or late payments. Any savings could be used to start an emergency fund to help prevent a future financial crisis.
With a simple online form, dedicated account manager and fast decision, you can stay focused on your business while we focus on your loan.
You'll get a dedicated Account Manager you can write/ speak to straight away. They'll answer any questions and guide you through the process.
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