loan

1
Common Types of Loan
2
Loans

• The term of loan can be explained as a thing that
  is borrowed, especially a sum of money that is
  expected to be paid back with interest.
• The act of giving money, property or other
  material goods to another party in exchange for
  future repayment of the principal amount along
  with interest or other finance charges is called
  Loan.
• A loan may be specific, one time amount or can be
  available as open-ended credit up to a specific
  amount.

3
Home Loan

• A loan is advanced to a person to assist in
  buying a house.
• Purchasing a house can be a valuable form of
  investment.
• If owning a house is a part of your financial
  goal, then you will need to know wether you can
  afford from your income and savings.
• It requires considerable thought and financial
  planning before taking on such a big step.

4
Car Loan

• Most people today need a loan when they buy a new
  or used car. And the high cost of many cars that
  consumers spend years paying for their vehicles.
• A car loan is a secured loan, which means the
  vehicle serves as collateral on the debt. If you
  fail to make your payments, the lender can sieze
  it as payment.

5
Loan Against Property

• Maximium loan eligibility is determined primarily
  by the value of the property and income.
• The maximum loan tenure for loan against property
  is up to 15 years.
• The rate of interest is lower, frequently loan
  against property equated monthly installments
  turn out cheaper.

6
Personal Loan

• A personal loan is typically issued for a
  specific amount and can be used for
  various purposes a at the discretion of the
  borrower.
• A personal loan can be secured. It uses an
  asset, such as a house.
• An unsecured loan considered high risk, such as
  high interest rate.

7
Education Loan

• A loan offered to students which is used to pay
  off education related expenses, such as
  college tution, room and board at the university,
  or textbooks.
• These loans are offered to students at a low
  interest rate.
• In some cases, students are not required to pay
  back these loans until the end of grace
  period, which usually begins after they have
  completed their education.

8
Persaloan
A personal loan is simple to understand it is a
term loan that is repaid over a specific period
of time, such as five years. Via our website, you
can locate a lender that lends from 1,000 to
100,000. Your eligibility is based on factors
such as your credit score, credit history, and
laws in your state of residence. There are both
secured and unsecured personal loans, with every
lender providing a unique set of terms and
conditions. We dont act as a lender, but do our
best to connect you with a loan provider that
suits your every need.
https//persaloan.com/