Knowledge About Available Loan Options
Before you approach a loan providing institution for seeking a loan for a particular need of yours, you should have knowledge about various loan options available.
- Home loan is given by a bank to a loanee for enabling him to purchase property. This loan is available with two variant fixed interest and variable interest. Home loan also provides tax benefit.
- Education loan is given to students who want money for pursuing higher education. This loan is available for both Indian and foreign education.
- Car Loan or Vehicle Loan is given to persons who want to purchase a new vehicle for their travel needs. This loan can be available from a bank.
- Personal Loan is a kind of unsecured loan given by a bank or financial organization to a borrower for meeting his current financial needs. He need not pledge any security or collateral for availing the personal loan.