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Business Loan

Riddhi Siddhi Multi Services as a Business loan Provider Company in India with the team of highly specialized Legal professionals to help you stay ahead of the curve.


Project Loan

We as a Project loan Provider Company in India with the team of highly passionate, enthusiastic and specialized to help you stay ahead of the curve.


Mortgage Loan

Riddhi Siddhi Multi Services is one growing Mortgage loan provider company in India who specialize in creating connection between Bankers and people.


Riddhi Siddhi Multi Services - Justdial Certified

Riddhi Siddhi Multi Services is a leading Loan provider company India formed by passionate and highly skilled Financial experts and lawyers serving over 400 clients over the world with their unparalleled quality and unmatched cases.

Riddhi Siddhi Multi Services combine business analysis and creative lawyers experience together to provide you best possible return on your business. Our one stop solution is customized enough to have a best loan solution that brings customer back to your business. Riddhi Siddhi Multi Services is a Just dial certified loan provider firm offering best loan services in just a click away.

Contact us today and grow your company's expansion and revenue with Riddhi Siddhi Multi Services Just Dial Certified Company India, which is the best among other loan provider company India.

An old proverb saying, "Actions speak louder than words" best describe Riddhi Siddhi Multi Services. We try to endeavor the best for the sake of customer satisfaction and help to expand the business without any financial hurdles. Get in contact to know more about our professional lawyer’s expertise and get a loan for your business.

CEO, Riddhi Siddhi Multi Services

Riddhi Siddhi Multi Services overview on primary functions of a commercial bank

The primary function of bank includes:

  • A) Accepting deposits
    When you talk to any financing consultant or Riddhi Siddhi Multi Services executive, you find out that the most important activity of a commercial bank is to mobilize deposits from the public. People who have surplus income and savings find it convenient to deposit the amounts with banks. Depending upon the nature of deposits, funds deposited with bank also earn interest. Thus, Business Studies 10 deposits with the bank grow along with the interest earned. If the rate of interest is higher, public are motivated to deposit more funds with the bank. There is also safety of funds deposited with the bank.

  • B) Grant of loans and advances
    Another major function of a commercial bank is to provide loans and advances. Such loans and advances are given to members of the public and to the business community at a higher rate of interest than allowed by banks on various deposit accounts. The interest rate associated with loans and advances changes in accordance to the purpose and duration of loan and also the mode of repayment. Our financial experts at Riddhi Siddhi Multi Services helps you select the best financial structure as per your needs

  1. Loans
    A loan is granted for a specific time period. Generally commercial banks provide short-term loans. But term loans, i.e., loans for more than a year may also be granted. The borrower may be given the entire amount in lump sum or in installments. Loans are generally granted against the security of certain assets. A loan is normally repaid in installments. However, it may also be repaid in lump sum.
  2. Advances
    An advance is a credit facility provided by the bank to its customers. They difference between loan and advance is that loans may be granted for longer duration whereas advances are normally provides for shorter time duration. Further the purpose of granting advances is to meet the day-to-day requirements of business. The rate of interest charged on advances varies from bank to bank. Moreover interest is charged on the amount withdrawn only and not the overall sanctioned amount.

Types of Advances Banks grant short-term financial assistance by way of cash credit, overdraft and bill discounting. Riddhi Siddhi Multi Services took initiative to draw attention over these :

  1. Cash Credit
    When a bank allows the borrower to draw amount up to a specified limit, it is known as cash credit. The amount is credited to the account of the customer. The customer can withdraw this amount as and when he requires. Interest is charged on the amount actually withdrawn. Cash Credit is granted as per terms and conditions agreed with the customers.
  2. Overdraft
    Overdraft is also a credit facility granted by bank. A customer who has a current account with the bank is allowed to withdraw more than the amount of credit balance in his account. It is a temporary arrangement. A specified limit overdraft facility may be allowed either on personal security or on the assets security, or both.
  3. Discounting of Bills
    Banks provide short-term finance by discounting bills, that is, making payment of the amount before the due date of the bills after deducting a certain rate of discount. The party gets the funds without waiting for the date of maturity of the bills. In case any bill is dishonored on the due date, the bank can recover the amount from the customer.

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