Loan products

Lending

The loan products Galileo originates, for businesses, for individuals and for groups.

For businesses

Term loans: A fixed amount lent to a business and repaid over an agreed term.
Working capital and revolving credit: A limit the business draws on, repays and draws on again during the term.
Equipment and vehicle loans: Finance for machinery, equipment and vehicles, with the asset as security.
Commercial property loans: Loans secured on commercial property.
Invoice finance: Advances against unpaid invoices: disclosed or confidential, whole turnover or selected invoices, with a borrowing base and limits per debtor.
Trade finance: Documentary credits, standby letters of credit, bank guarantees, documentary collections, bills of exchange and supply chain finance.

Personal loans: A fixed amount lent to a person and repaid in instalments.
Car and two-wheeler loans: Finance to buy a car or a two-wheeler, secured on the vehicle.
Home loans: Loans to buy a home, secured on the property.
Loans against property: Loans secured on property the borrower already owns.
Gold loans: Loans secured on gold, valued by weight, purity and the day's price.
Consumer durable and point-of-sale finance: Finance for a purchase, arranged where the customer buys.
Hire purchase and leasing: Finance where the lender owns the asset while the customer pays for it or for its use.

Microfinance and joint-liability group loans: Loans to members of a group who share responsibility for repayment.
Loans to several borrowers: One loan to several borrowers: households, partnerships and consortiums.

Any asset you define, with its own valuation formula. For example, gold valued by weight, purity and the day's price.

Valuations and loan-to-value for secured loans.
The registration of security is followed to the registry's confirmation before funding.

Implementation