Jai hind friends my name is rahul kasaudhan friends, to buy something.

to do some important work, to increase your business or for any personal work, financial help is taken from bank or any financial institution only. It is called loan or loan, in return of which the customer returns the full amount of the loan to the bank or financial company along with interest in the form of EMI, so friends, in today’s best post, I am going to tell you that after all the banks in India Or how many types of loans any financial company gives to the customer, then friends, today’s post is going to be really very important for you, so all of you are requested to please read this great post very carefully. So friends, without wasting any time let us start this amazing post of ours.


Friends, there are three types of loans according to the time period:-

  • SHORT TERM LOANS- less than 1 year
  • MEDIUM TERM LOANS- Between 1 year to 3 years or 5 years
  • LONG TERM LOANS – More than 5 years



Friends, personal loan means a loan taken for themselves, friends, although everyone takes loans for himself, but personal loan means taking a loan for his personal work, such as paying school fees for children, any You have to get treatment, you have to give an expensive gift to someone special or you have to take some salmon etc. Friends, every bank has its own interest rate fixed for personal loan, friends, you also need to know that the interest rate of personal loan is higher than the interest rate of any other loan, although banks will not give you kind documents while giving you personal loan. Asks that banks just see your salary and then issue your loan, friends, you can get personal loan for 5 years, so friends, this was some important things about personal loan, now come on our second loan.


Friends, gold loan is a process to take money in exchange for pledging gold in the bank, you have to keep your gold in the bank’s locker, this type of loan is available on the quality and price of your deposited gold, in behavior it It has been observed that the bank gives you loan up to 80% of the value of gold, gold loan is generally taken by people to meet their emergency needs, the interest rate charged on this loan is much higher as compared to personal loan. If it is less then friends, this was some small important things about gold loan, now come on our third loan.


Loan Against Security Friends, in this loan, the bank gives a loan by keeping your security paper with you, but friends, now here the question arises in your mind that what are these security papers, then friends, let me tell you that if you have demanded share If you have already invested in mutual funds, insurance schemes, bonds, then these are your security papers, in return for which the bank gives you a loan, friends, these papers have a lot of value if you are unable to repay the loan. That is, if you are not able to repay the loan, then in this condition the bank confiscates your security paper and later sells it in the market, friends, you can mortgage these security papers in the bank so that the bank will give you your these papers. Provides the facility of overdraft on Aadhaar, overdraft means that you have the facility to withdraw more money than what is in your account, now if you have zero balance in your account then you can withdraw money from your account even in this condition. This is called over draft.


Friends property loan is the loan that the bank gives by mortgaging your property papers, friends, you can get this loan for a maximum period of 15 years, generally 40% to 60% of the value of the property. till the loan is obtained.


Friends, the loan taken to buy a house is called a home loan, now here you do not take a house only for building a house, but you add the cost of building a house, registration of the house, stamp duty, etc. You can take a loan from the bank and the bank can give a loan from 75% to 85% of the total amount of your expenses, the rest of the money you have to juggle yourself to build a house, now friends, suppose you have taken a loan for a plot. If the value of which is 6 lakhs, then you bank will give only 30% of 6 lakhs i.e. 1 lakh 80 thousand rupees and you will continue to pay the rest slowly, friends, the time period for repayment of home loan can be from 5 years to 20 years. In addition to the interest, the terms of the home loan include some other conditions such as processing fees, administrative charges, legal fees, agreement fees, etc.


Friends, it is not in the luck of every merit student that they can study in the institute they want, now if someone wants to study in OXFORD UNIVERSITY, then he may face money problem, now in such a situation he can get education loan from the bank. can apply. The bank sees the repayment of education loan before giving it, it has been seen that this loan is given only to those students who have the ability to return it, the bank checks the capacity of the students in two ways, either their guardian’s income It is seen whether the student taking the loan is going to which university he will earn or not by studying from there, what is the ratio of campus selection there, the bank approves this education loan after seeing all this.


Friends, banks often keep giving various offers and schemes in the form of loans to buy a car, like other loans, these loans are given at fixed or floating rates for different periods, now here pay fixed rate means FIX INTEREST RATE Happens when you are taking a loan, then the interest rate that is applicable at that time remains applicable till the entire loan is repaid and FLOATING INTEREST RATE is that which can change when the time comes and work or It can also be higher and on the basis of that the interest rate of your loan also keeps on increasing or decreasing.


Friends, when the bank provides loans to big players like Nirav Modi, Bijay Mallya, Ambani, Tata, Birla etc., then it is called corporate loan.

So friends, this was our best post today, in which you know how many types of loans are there in our India and many more you have learned today through this wonderful post of ours, friends, hope that you must have liked this post of ours today. Friends, if you really liked this post of ours today, then please do share this post with your friends and friends, take out your precious time from this precious time and read this post carefully till here. I get heartfelt thanks for any other best and wonderful post from you till then Jai Hind Vande Mataram.