Know more about LOAN's and keep updated with the latest loan interest
rates from various banks.
What is a Loan?
Types of loans
Loans of the Institutions
A loan is a specific amount borrowed from a financial institution which is to be paid back in full with interest. The money is paid back in EMI or Equated Monthly Installments in addition to the interest. The interest charges depends on the amount, type of loan & financial institutions.
Home loan as name suggest is the loan against buying property. Every individual currently have dreams to have their own home. To make affordable best option is home loan. Again their are sub-categories of home loans which are as below.
An auto loan is basically a loan that you take out in order to purchase a vehicle. With an auto loan, you are not paying on the depreciation of the vehicle like you do with a lease. You are paying on the vehicle purchase price plus interest.