What is a Loan?

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

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.

• Home loan for residents
• Loans for repairs and extension
• Land purchase loan
• Top-up loans
• Loan for Earnest Money Deposits (EMD)
• Reverse Mortgage Loans
• Loan against property

Personal Loan

It is the loan granted to fulfill your expenses which ranges from buying some expensive electronic gadgets to booking your air tickets.

Auto loan

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.

Loan Against Property

Loan Against Property can get you a higher loan amount for your business or personal needs with the benefit of lower EMI.