What is Finance | How Finance Company Works | List of Finance Companies >> Nowadays finance companies are everywhere, we go to a mall or an electronic shop to buy an electronic item and when we buy the item, we are asked whether to pay in cash or finance. Also, even if you want to buy something online, you can see the offers of various finance companies. We will see information about such finance companies in this article. Let’s know what finance is, how these finance companies work.
What is Finance | How Finance Company Works | List of Finance Companies
What is finance?
Finance, in general terms, means financial management, with the help of which people manage their finances in an easy way. The main objective of a finance company is to provide loans to personal and business customers and as such, finance companies provide their services to poor people who cannot go to big banks when they need money. So we can say that a finance company is a poor man’s bank, which helps people to access money or loans easily. Generally, financial management is the proper management of money or funds.
How a finance company works
- If any common person is in trouble due to lack of money, arranging money/loan to them.
- Financial management is the process of conducting financial management.
- Providing money to start business, trade etc. means giving loan. Finance plays a major role in all these.
- Flipkart is a website like Amazon where finance company provides finance to buy all kinds of goods.
- There are many companies that offer money finance companies at 0% interest rates for three to six months. But if it takes longer to repay the borrowed money, interest is charged.
- A short term loan is given for a short period of time and its repayment is for a short period of time.
- A medium term loan has a tenor of at least fifteen months to five years and is intended for manufacturing or property.
- A long term loan is given for a period of more than five years and is intended for wealth creation.
- Personal loans like real estate, car loan, property, insurance, investment of retirement money.
- Finance provides loans to people who cannot get a loan through any bank.
- On the basis of wealth like to buy household items for building a house.
- While buying a house from any builder, a finance company also works to give a loan.
- If someone does not return the money on time, the finance company also takes rights over the property.
- Nowadays, finance companies are also providing loans to students for education.
List of Finance Companies / Various Finance Company in India
- Shriram Finance Company
- ABC Consultants Pvt.
- Axis Risk Consulting Services Private Limited
- ALL BANK FINANCE LIMITED SERVICES PRIVATE LIMITED
- Anand Rathi Financial Services Limited Research Division
- Aditya Birla Financial Services Limited
- Research Division Blend Financial Services Limited
- CENTER BANK FINANCIAL SERVICES LIMITED
- DSE FINANCE SERVICES LIMITED
- Kotak Mahindra Financial Services Limited
- GM Financial Services Limited
- J G SHAH FINANCIAL CONSULTANTS PRIVATE LIMITED
- Jaypee Financial and Investment Services
- I TRUST FINANCIAL ADVISORS PRIVATE LIMITED
- INCAP FINANCIAL SERVICES LIMITED
- Nomura Financial Advisory and Security India Pvt
- PN VIJAY FINANCIAL SERVICES INDIA PRIVATE LIMITED
- SSG FINANCIAL SECURITY PRIVATE LIMITED
Summary – Finance Information
Finance is a financial institution that will be of great help to our common people through which common people can fulfill their dreams. These finance companies provide loans to the common people through finance loans. In the above article we have tried to give you information about finance.
What is finance?
Finance, in general terms, means financial management, with the help of which people manage their finances in an easy way. The main objective of a finance company is to provide loans to personal and business customers and as such, finance companies provide their services to poor people who cannot go to big banks when they need money.
Do let us know how you feel about this finance information by commenting. Also if you have any suggestions let us know by commenting.