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Education loan is available for studies, books and living expenses. It is available for graduate to post graduate and professional courses.<
The loan given by banks on buying a car is called car loan and the loan given against gold jewelery is called gold loan.
The bank gives home renovation loan for repairing, painting or changing the design of the house. The bank also gives loan for purchasing electronic items and furniture. Interest is fixed on the loan amount.
Banks issue unsecured personal loans without any collateral. This loan depends on income and credit score. Bank issues loan against credit card. Its amount is decided first.
The loan given for expanding new business or business is called business loan. Banks who give loans against some mortgage are called collateral loans. Their interest rates are low.
Banks give this type of loan to a customer after approving it in advance. Banks set a credit line for this. Interest will be charged on the amount you use.
Only those who are employed get this loan. You can take advance loan before salary arrives. Its interest is high. Some employers also offer the option of advance salary.
Banks give loans for weddings. This includes expenses like venue booking, catering, decoration and clothes. A loan for travel along with flight tickets, hotel, visa fees and other expenses is also available.
This loan is available for hospital expenses for the treatment of any disease or for the money required for an operation. This includes hospital expenses, surgery and other medical expenses.