Loans come in many different forms including secured, unsecured, commercial, and personal loans.
Home Loans
Applying for a home loan provides financial support and helps you buy the house. The tenure of this loan is generally (20 years to 30 years).In India, the rates offered by some of the top banks with their home loans start at 8.30%. Your credit score is checked before the loan request is approved by the lender
Car Loans
Credit reports are crucial for judging your eligibility for any loan, it is good to have a high credit score when you apply for a car loan. These loans are secured loans.
Gold Loans
The loan against gold is a secured loan where gold is placed as security or collateral in return for a loan amount that corresponds to the per gram market value of gold on the day that the gold has been pledged.
Education Loans
An Education loan generally covers the basic fees of the course, the exam fees, accommodation fees, and other miscellaneous charges. The student is the borrower with any other close relative being the co-applicant, such as a parent, grandparent, spouse, or sibling. It can be availed for courses in India or abroad.