Hey friend,
Have you ever walked into a bank and been very confused about what are the types of loans? Which loan would be the perfect choice for you? What documents will you need to fill out your loan application? To help you out, I will be answering these in the comment section itself. Keep reading to gain important information.
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What are the different types of loans ? Personal Loan :These loans are given to customers for personal expenses.
Business Loan:These loans are given to customers for business expenses.
Home Loan :These loans are given to customers for expenses related to buying real estate.
Gold Loan :These loans are given to customers to raise funds in an emergency. Here gold is taken as collateral.
Loan Against Property :These loans are given to customers for expenses related to real estate other than buying property.
Two & Three Wheeler , Car Loan :These loans are given to customers for expenses related to buying a vehicle.
Agriculture Loan :These loans are given to customers for expenses related to agriculture.
Loan Against Credit Card: Personal loans given to customers against their credit card.
Education loan :These loans are given to customers for expenses related to education.
To avail these loans, you will need documents like proof of assets, income proof, identity proof, etc. You can see the list of requirements on the bank website.
What type of home loans are there?Here is the list of different home loans :
Basic Home Loan
Home Construction Loan
Home Extension/Improvement Loan
Home Loan Balance Transfer
Pradhan Mantri Awas Yojana (PMAY)
This is all from my end on what are the types of loans.
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What are the types of loans ?
Hari
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2022-04-18T18:26:30+00:00 2022-05-04T16:01:46+00:00Comment
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