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Types of Loans

Home Loan

Homeowners can borrow against equity they have in their house with these types of loans.The equity or loan amount would be the difference between the appraised value of your home and the amount you still owe on your mortgage.

Business Loan

Your local banks usually offer these loans to people looking to start a business. They do require a little more work than normal and often require a business plan to show the validity of what you are doing.

Mortgage Loan

This is most likely the biggest loan you will ever get! If you are looking to purchase your first home or some form of real estate, this is likely the best option.These loans are secured by the house or property you are buying. That means if you don’t make your payments in a timely manner.

Personal Loan

You can get these loans at almost any bank. The good news is that you can usually spend the money however you like.You might go on vacation, buy a jet ski or get a new television. Personal loans are often unsecured and fairly easy to get if you have average credit history.

Working Capital Loan ( CC / DOD )

Overdraft accounts, however, act more like a traditional loan. Money is lent by a financial institution as with a cash credit account, but a wider range of collateral can be used to secure the credit.

Loan Transfer

Personal Loan Balance Transfer gives you the flexibility to borrow more money. If you have an existing loan with a certain bank and are in need of an additional loan, you can approach a separate bank who would willing to offer a loan at a better rate if you agree to transfer the outstanding balance of your current loan.