FAQs

Loans

04 Apr 2003

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ersonal loan. The only difference is that a consumer loan is given against some specific consumer durable, like a television or a stereo system. Let's say you want to buy a washing machine on a loan - the finance company or bank would provide you up to 85% of the cost, you would have to chip in the rest! How much you actually get will depend on the product you're going in for.

On personal computers, for example, most banks offer only up to 70% while they will give you up to 90% for a television. However, remember that the product you buy will remain hypothecated to the financier till you repay the loan. For all other purposes you would be considered the owner. So if someone messes around with your TV or damages it in any way, you and not the bank would have to pay for fixing it!

Virtus Wealth
Virtus Distributors and Services Private Limited
AMFI Registered Mutual Fund Distributor

ARN- 154297 (28/09/2024- 27-09-2027)
APRN-01691 (26/08/2026 till 25/08/2029)

Virtus Distributors and Services Private Limited, holding ARN-154297, is a registered Mutual Fund Distributor with AMFI. The company is also registered with the Association of Portfolio Managers in India (APMI) under APRN-APRN01691  for the distribution of Portfolio Management Services (PMS) products. Investments in Mutual Funds are subject to Market Risks.
Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

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