Got that business idea you need funding for? Do you need to invest in your business expansion? Do you just need relatively cheap funds for any purpose? If you have a loan-free property then probably a Loan Against Property is the answer for you. Popularly known as LAP, these loans are a convenient means to access funds at interest rates lower than personal loans or other forms of unsecured loans. To avail such loans, you offer an existing property as a security or collateral against which the lender gives you a loan. The current market value of the property determines how much loan you can avail against the property. Such loans allow the owners of properties to leverage the value of their existing properties to raise funds for a variety of reasons. The lender will also check for repayment ability of the loan being availed.

The term Business Loans is fairly generic and there is a vast spectrum of the different types of finance options that a business can access. However, in the current context, under Business Loans we are largely referring to unsecured income-based loans for self-employed individuals or companies. Unsecured business loans have no requirement for a security or collateral to be submitted and are offered purely on the current financial strength and past credit record of the borrower. Such loans can extend from Rs. 50000 to Rs. 3crores and have a repayment period of 1-5 years. They are ideal for businesses looking at funds for capital expenditure, business development, expansion, short-term cash flow mismatches etc.

There are several LIC life insurance policies that offer high returns. Listed below are the LIC high return life insurance policies. LICs New Endowment Plan: LICs New Endowment plan is a participating non linked plan that offers financial protection and high returns. The sum assured on death which is payable as death benefit is 10 times the basic sum assured. The plan also offers benefits through participation in profits of the company. The policy also grants survival benefit through basic sum assured along with vested benefits. LICs Jeevan Anand Plan: LICs Jeevan Anand is a high return LIC policy that not only offers financial protection to your family in case of your death but also guarantees high returns on the investment made. Basic Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus is paid as survival benefit under this plan.