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Sujai Adithya
Human Resource and Banking & Finance Expert
Asked a question 9 months ago

What are the different types of loan options available in India?

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Sujai Adithya
Human Resource and Banking & Finance Expert

There are many different types of loan options available in India for a variety of purposes. Despite this fact, many people end up taking a personal loan, because of the lack of knowledge of the different types of loans available. The rate of interest of personal loans are higher compared to other types of loans. 

Common loan options available in India:

1.) Personal Loan

2.) Home Loan

3.) Education Loan

4.) Gold Loan

5.) Vehicle Loan

6.) Agricultural Loan

7.) Overdraft

8.) Loan against insurance policies

9.) Cash Credit

10.) Loan against bank FDs

11.) Loan against mutual funds or shares