|
|
Loan
A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower. The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt. A borrower may be subject to certain restrictions known as loan covenants under the terms of the loan.
Types of Loan Educational Loan The Educational Loan Scheme outlined below aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. The main emphasis is that every meritorious student is provided with an opportunity to pursue education with the financial support on affordable terms and conditions. No deserving student is denied an opportunity to pursue higher education for want of financial support. Home Loan Home Loans are the best option you can go for to finance a new home. With so many attractive features provided by the banks in every type of home loan, creating the home you always wanted is no longer a distant dream. Some of the special offers they have are: * Attractive loan interest rates Presonal Loan Thinking of renovating your house? Yearning to buy a new Laptop? Need financial assistance with marriage related expenses or your child higher education?. Bank Personals Loans is your One-stop-shop for all your financial needs to fulfill any of your desires.
Common loans that banks will offer to startup and small businesses are: Working capital lines of credit -- Used for day-to-day operations. Credit line offers are usually short-term, about 90 days, but can go up to several years with regular annual reviews. Interest rates are variable. Credit cards -- A revolving credit card can be a good cash management tool. Equipment leasing -- Banks usually require a history of operations before lending money for leasing, or leasing through a subsidiary company of the bank. Letters of credit -- The bank acts as an intermediary, promising to pay the seller if all conditions are met. Important for reducing risk for a business practicing international trade. Loan Calculator To calculate the monthly instalment amount (EMI Equated Monthly Instalments) of any fixed term loan List of Banks in India. They provide loans for various types:
Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Bharat overseas Bank Canara Bank Catholic Syrian Bank Central Bank of India Corporation Bank Dena Bank Dhanalakshmi Bank Indian Bank Indian Overseas Bank Jammu and Kashmir Bank Karur Vysya Bank Karnataka Bank Oriental Bank of Commerce Punjab and Sindh Bank Punjab National Bank Syndicate Bank Saraswathi cooperative Bank City Union Bank South Indian Bank State bank of Hyderabad State Bank of Mysore State Bank of Travancore UCO Bank Union Bank of India United Bank of India UTI Bank Vijaya Bank State Bank of India State Bank of Bikaner and Jaipur |
