Loans are financial instruments that provide individuals and businesses with the necessary funds to achieve specific goals, whether personal or professional. However, borrowing comes with repayment obligations and interest costs, making it crucial for borrowers to evaluate their repayment capacity, financial stability, credit history, and the purpose of the loan before committing to any liability.

Personal Loans are unsecured loans taken to meet immediate personal requirements such as medical expenses, weddings, or travel. They typically come with higher interest rates due to lack of collateral.

Home Loans are secured loans taken to purchase, construct, or renovate residential property. They usually offer lower interest rates with longer repayment tenures.

Education Loans are designed to fund academic pursuits in India or abroad. Repayment typically begins after course completion with a moratorium period included.

Business Loans provide working capital or funds for business expansion. They may be secured or unsecured based on quantum, tenure, and business profile.

Loan Against Property (LAP) is a secured loan where individuals mortgage residential or commercial property to access funds for personal or business purposes, offering lower interest rates due to collateral.

Gold Loans are short-term secured loans availed by pledging gold ornaments, offering quick disbursal and competitive interest rates, though subject to gold value fluctuations.