Loans can also be subcategorized according to whether the debtor is an individual person or a business person. Personal loans are unsecured loans provided by the banks without taking any collateral security
Home Loan is a Secured loan offered against the security of a house/property which is funded by the bank, the property could be a personal property or a commercial one.
Vehicle loan is a secured loan. We can purchase vehicles like two wheeler, three wheeler, four wheeler, and heavy vehicles through vehicle loan.
Loan against Mortgage of Residential house / Flat, Children’s Education / Marriage, Purchase of another Property, Business Expansion.
Under this scheme, the financial assistance is provided for companies- Listed/Unlisted against the security of Commercial property-Office premises-already owned/to be purchased with the help of the loan
Loans against Fixed Deposit of Nationalized Banks, Life Insurance Policies having surrender value and Post office instruments like National Savings Certificates, Kisan Vikas Patra.
Purchase / Extension / Modification /Renovation of Commercial Premises for carrying on own professional practice & purchase of equipments.
Used for starting a business, expanding operations, purchasing equipment, managing cash flow, or covering unexpected expenses.