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Pollock Building, 9-10

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A thing that is borrowed, especially a sum of money that is expected to be paid back with interest. lend (a sum of money or item of property).

You can say a loan is a financial instrument in which one party borrows money from another, such as a Mortgage loan, Business loan and Personal Loan.

A loan is a debt that an individual or entity incurs. A lender, usually a government, financial institution, or corporation, gives the borrower a sum of money. In return, the borrower agrees to certain terms, including interest, finance charges, repayment date, and other conditions.

In finance, a loan is the transfer of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money.

According to Forbes, in India and the world at large there are so many types of Loans. In today’s fast growing world, financial needs and goals are constantly evolving. Whether it’s a medical emergency, dream vacation, home renovation, or higher education, loans do offer a lifeline to turn aspirations into reality.

There are several types of loans in the world as forbes has listed 18 different types of loans, including:

1. Business Loans for Self-Employed Individuals

A self-employed business loan can give you the capital needed to cover short- and long-term business goals. You can use it for working capital expenses or any other business-related need, such as investing in marketing, equipment or other products and services that will help you expand.

2. Unsecured Personal Loans.

An unsecured personal loan is a type of loan that doesn’t require collateral, such as a house or car. Instead, lenders approve unsecured loans based on a borrower’s credit history, income, and outstanding debts.

Unsecured personal loans are also known as signature loans or good faith loans. They are often flexible, allowing borrowers to use the money in various ways and choose their repayment terms.

Some common uses for unsecured personal loans include:

* Costly medical procedures
* Home renovations
* Vehicle purchases

Unsecured loans are different from secured loans, such as mortgages or car loans, where the lender can repossess the asset if the borrower fails to repay the loan.

3. Secured Personal Loans.

A secured personal loan is a loan that is backed by an asset, such as a car or investment account. The lender can take possession of the asset and sell it to cover the cost of the loan if the borrower doesn’t make the agreed repayments.

Secured loans are business or personal loans that require some type of collateral as a condition of borrowing. A bank or lender can request collateral for large loans for which the money is being used to purchase a specific asset or in cases where your credit scores aren’t sufficient to qualify for an unsecured loan.

Secured loans are different from unsecured loans, which don’t require any form of collateral. However, unsecured loans require the borrower to be sufficiently creditworthy in the lender’s eyes.

4. Personal Line of Credit.

A personal line of credit (PLOC) is a revolving loan that allows you to borrow money in increments. It’s similar to a credit card, where you have a credit limit and can spend up to that amount.

A line of credit is a flexible loan from a financial institution that consists of a defined amount of money that you can access as needed. You can repay what you borrow from a line of credit immediately or over time in regular minimum payments. Interest is charged on a line of credit as soon as money is borrowed.

5. Salary Advance Loans.

A salary advance loan is a short-term loan that allows employees to borrow money from their future paychecks. Employees can use the money to cover emergencies and repay it when they receive their next paycheck.

It is a cash bridging facility against your next pay cheque or salary credit. It is designed to help cover small but urgent unexpected expenses between pay days. Salary advances are also sometimes called payday loans or cash advances.

6. Wedding Loans.

A wedding loan means you can pay your wedding costs in one go, giving you peace of mind that everything’s covered for your special day. Then you’ll pay us back monthly, over a set period of time. All loans are subject to your financial circumstances and borrowing history at the time you apply.

7. Medical Loans.

A medical loan is an unsecured personal loan that covers health care costs. It can be used to cover emergency or planned medical procedures, consolidate existing medical debt, or pay for high deductibles and out-of-network charges. Medical loans are an expensive way to cover health care expenses.

A medical loan is a type of personal loan that can be used to pay for medical expenses. These loans can be used for a variety of medical costs, including:

* Hospital stays
* Prescription bills
* Surgeries
* Deductibles
* Elective surgeries
* IVF treatments
* Emergency procedures

Medical loans are usually unsecured, meaning they’re not tied to any collateral. They can be obtained from banks, credit unions, specialized healthcare financing companies, and online lenders.

8. Education Loans.

An education loan, also known as a student loan, is a sum of money borrowed to pay for higher education. These loans can be used to cover tuition, books, supplies, and living expenses.

A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses.

Education loans are a type of financial aid, but unlike grants and scholarships, they must be repaid. In some situations, federal student loans can be forgiven, canceled, or discharged, meaning the borrower won’t have to pay back some or all of the loan. Education loans are usually used at colleges and universities, but they can also be used for private and prep schools. There are several types of education loans available.

9. Travel Loans.

Travel loans are nothing, but personal loans taken for the specific purpose of travelling. Most lenders in the market provide travel loans for both domestic and foreign travels.

10. Debt Consolidation Loans.

A debt consolidation loan is a way to refinance debt by taking out a new loan to pay off existing debts. The new loan is then paid off over time.

Debt consolidation can help you manage your debt more easily, but it doesn’t reduce the amount you owe. It can also potentially provide more favorable terms, such as lower interest rates and lower monthly payments.

Banks, credit unions, and installment loan lenders may offer debt consolidation loans. These loans convert many of your debts into one loan payment, simplifying how many payments you have to make. These offers also might be for lower interest rates than what you’re currently paying.

11. Home Renovation Loans.

A renovation loan gives homeowners the funds to make necessary or desirable renovations to a home or access to the credit to make those changes. Renovation loans come in a variety of packages including simple personal loans or government-sponsored loans to get the job done.

12. Consumer Durable Loans.

What is a Consumer Durable loan? A consumer durable loan is a credit/finance option for the purchase of household appliances, electronic goods etc.

A consumer durable loan is a personal loan that can be used to purchase items that are intended for long-term use. These loans are typically used to buy household appliances and electronic gadgets, such as:

* Laptops
* Smartphones
* Televisions
* Home theatres
* Cameras
* PlayStations
* Washing machines
* Furniture
* Modular kitchens.

Consumer durable loans are unsecured loans that are granted based on your credit score, repayment history, and the cost of the item you want to buy.

13. Small Personal Loans.

A small personal loan is a type of personal loan that usually has a principal of less than $5,000, shorter repayment periods, and fixed interest rates. They can help you save money on interest when you don’t need a large amount.

Small loans are usually personal loans, also called unsecured loans. They aren’t tied to an asset such as your home or car, so there’s no risk of losing your home or car if you can’t keep up with the repayments.

Small personal loans can help you cover unexpected expenses, finance a purchase, or refinance a few thousand dollars of credit card debt. You may also use a personal loan to pay off a small amount of credit card debt at a lower fixed interest rate.

You can find personal loans through banks, credit unions, and online lenders. Personal loans can be secured, meaning you need collateral to borrow money, or unsecured, with no collateral needed.

Small personal loans usually have a principal of less than $5,000, shorter repayment periods and fixed interest rates. A small personal loan can help you save money on interest when you don’t need a large amount. Most larger financial institutions have moved away from the small end of the loan market.

14. Used Car Loans.

A pre owned car loan, also known as a used car loan, is a type of loan that aims to help a person get a good secondhand car. This involves making monthly payments rather than paying in full cash, which is a somewhat more budget-friendly way to cop a vehicle.

A used car loan is a type of loan that helps people purchase a pre-owned vehicle. The lender provides the funds needed to buy the vehicle, and the borrower agrees to repay the loan amount plus interest over a set period of time.

Used car loans are similar to new car loans, but the details can differ. For example, used car loans typically have higher APRs than new car loans, but the loans often have shorter repayment terms. This means that, while you’ll pay more in interest, you’ll also get to the point of being car payment-free sooner.

The repayment period for used car loans ranges from two to five years. A shorter tenure allows borrowers to pay off the loan earlier, resulting in lower overall interest costs.

15. Gold Personal Loans.

Gold loans, also known as ‘loans against gold’, are loans that borrowers can take from lenders after pawning their gold items in lieu of other assets.

A financial expert can provide you with the best advice on the topic.

A gold loan is a secured loan that allows borrowers to use their gold as collateral to borrow money from a financial institution. Gold loans are also known as “loans against gold”

Here are some characteristics of gold loans:

* The gold must be around 18 to 22 carats to secure a decent loan amount.
* The loan amount is typically up to 75% of the gold’s current market value.
* The loan is provided once the gold is inspected and valued.
* The loan amount is a certain percentage of the gold’s value.
* The borrower has between 6 months to 3 years to pay back the loan.
* Gold loans have a 7.5-29% per annum rate of interest.

Personal loans are unsecured credit provided by financial institutions. They are also known as consumer loans and are multi-purpose loans. Personal loans are based on criteria like employment history, repayment capacity, income level, profession, and credit history.
Personal loans have a 8.45-26% per annum rate of interest.

16. Line of Credit.

A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds.

A line of credit (LOC) is a flexible loan from a financial institution that gives you access to a set amount of money. You can use the money as you need it and repay it immediately or over time.

17. Line of Credit on Credit Cards.

Similar to a credit card with a set credit limit, a line of credit is a defined amount of money that you can access as needed and use as you wish. Then, you can repay what you used immediately or over time. As with a loan, you will pay interest using a line of credit. A line of credit is a flexible loan from a financial institution that allows you to borrow money repeatedly. It’s similar to a credit card with a set credit limit.

18. Quick Loan Giving Apps.

A loan app is a mobile application that allows users to apply for and receive loans. The majority of these apps are provided by online lenders, who use technology to speed up the loan application process and fund access.


People take loans for so many reason ranging from Debt consolidation, Vehicle financing, Wedding expenses, Home repairs, Moving costs, Large purchases, Medical expenses, Unexpected expenses, Delinquent debt, Home improvements, Home renovation, Emergencies, Emergency expenses, Building credit history, Buying real estate, Financing education, Funeral costs, Adoption costs, Education, Payday loans, Tax debt, Business expenses, Divorce, Setting up your business.


* Better interest rates
* Flexible borrowing limits
* Building credit history
* Collateral
* Flexibility
* Make it easy to consolidate debt
* Quick cash release
* Repayment arrangements
* Borrower incentives
* Competitive rates
* Extended loan terms
* Predictable repayment schedule
* Secured loans carry risk
* Tax benefits
* Higher payments than credit cards
* Loans can be affordable
* Maintain control
* More eligibility requirements
* Personal loans can have many uses
* Quick processing
* Result in unnecessary debt


* Additional debt
* High interest rates
* Credit impact
* Significant penalties
* Can impact credit score negatively
* Require collateral
* Lengthy application process
* More eligibility requirements
* Prepayment penalties and charges
* Qualifying can be difficult
* Strict repayment schedule


At Bectic Finance Company Limited, we understand the complications and challenges that come with borrowing money. Whether it be a bank loan or another source, every type of loan has its drawbacks. That’s why we’ve simplified the process for all businesses with recurring revenue.

BECTIC FINANCE COMPANY LIMITED was incorporated on 1988–11–11 as a Private company limited by shares registered in Hong Kong. Its company registration number is: 0232762.

At Bectic Finance Company Limited, we provide Bank instrument and loan services to our clients global- UK, USA, UAE, Europe, India, China, Asia, Middle East and Africa.

Bectic Finance Company Limited is a Hong Kong base genuine and verifiable provider of loans and also capable of delivering direct Fresh Cut  genuine and verifiable bank instruments such as BG, SBLC, LC, MT799 BLOCKED FUNDS, MT760 and Loans which are cash and assets backed and can be put into any form of trade or/and project finance/funding, we deliver this instruments from top rated AAA banks in the world.

We provide International Loans, secured and unsecured international funding as cash injection for Business expansion, Real Estate, Import and Export, marine. Ship acquisition, Business capital injection, Loan and project financing and Monetization of financial Instruments.

1. Real Estate Projects
2. Construction Projects
3. Government contract Projects,
4. Transportation Projects
5. Aviation Projects
6. Telecommunication Projects
7. Import and Export Projects etc.

Bectic Finance Company Limited is well tested / trusted and we have been dealing with the company for the past Three (30) years and have never had any issues or disappointment.

The financial instrument can be invested in High Yield Trading Program or Private Placement Programme (PPP). thus our Bank Guarantee lease , the Direct Bank Guarantee and Indirect Bank Guarantee, which is used as Bid Bond, Payment Guarantees, Letter of Indemnity,Guarantee Securing Credit Line, Advance Payment Guarantees, Performance Bond Guarantee E.T.C.

1. Instrument: Bank Guarantee (BG/SBLC) (Appendix A)
2. Total Face Value: Eur or USD 5M MIN and Eur or USD 10B MAX (Ten Billion Eur or USD) .
3. Issuing Bank: HSBC Bank London, Credit Suisse and Deutsche Bank Frankfurt.
4. Age: One Year, One Month
5. Leasing Price: 3% of Face Value plus 2% commission fees to brokers.
6. Delivery: Bank to Bank swift.
7. Payment: MT-103 or MT760
8. Hard Copy: Bonded Courier within 7 banking days.


At Bectic Finance Company Limited our Banking And Financial Product And Service List Includes:

* Commercial Project Finance
* Business Financing Requests
* Real Estate And Construction
* Project Finance
* Joint Venture Proposal
* Investment Projects
* Trading Platforms/ High Yield Investments PPP- Buy Sell
* Providing Lease BG/SBLC
* Selling BG/SBLC
* Documentary L/C,SLDC,DLC, Export/Import
* Venture Capitals
* Loans
* Corporate Partnering Opportunities
* Private Assistance For Project development Funding
* Any And All Industries Worldwide.


1. Short term loan (5_10years)
2. Long term loan (20_40)
3. Media term loan (10_20)

We offer loans like.

Home loan…………., Business loan…….. Debt loan…….
Student loan………., Business startup loan
Business loan……., Company loan………….. etc

We are RWA ready to close leasing with any interested client in a few banking days, we deliver promptly as set forth by our agreement. We have direct contact with the principal, mandate and brokers. We ensure unequaled service and will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively.

Contact Bectic Finance Company Limited with your request via email and we will provide you with our forms and procedures.

For more information, please contact us:

Website :
Email :
Phone number : +85281924518

Intermediaries/Consultants/Brokers are welcome to bring their clients 100% protected. In complete confidence, we will work together for the benefits of all parties involved.

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