LOAN RAISING Customer Services PVT. LTD.

1. Home Loan - Home loan as name suggest is the loan against buying property. Every individual currently have dreams to have their own home. To make affordable best option is home loan. Again their are sub-categories of home loans which are as below :

• Home loan for residents
• Loans for repairs and extension
• Land purchase loan
• Top-up loans
• Loan for Earnest Money Deposits (EMD)
• Reverse Mortgage Loans
• Loan against property

2. Personal Loan - It is the loan granted to fulfill your expenses which ranges from buying some expensive electronic gadgets to booking your air tickets 🙂 Yes people used to use this facility for anything they can. They forget that usually rate of interest on such loans will be higher than other types of loans. But still to have something in advance end up them to borrower of such type of loans. Here we may find two types of loans

• Secured Loans - Where you provide some collateral as a safety against loans.
• Unsecured Loans - In such type of loans borrower collateral not required.

3. Car Loan or Vehicle Loan - This is usually used to meet your financial requirement when one is planning to have his dream car or bike. It is usually a secured loan where collateral is your vehicle and in case of default lender may recover it by taking back your vehicle. But some lenders offer unsecured loans where your credit score matters more.

4. Gold Loan - This was one of the easiest and fastest way of loan when gold rate was at it’s peak. But currently lot of lenders may not feel it better collateral due to falling in gold price, especially gold loan companies. Recently RBI banned any gold loans against gold ETFs and gold mutual funds. Eventhough it forms easiest and fastest way of getting loan but better to look for risks involved in it, especially when you are dealing with NBFCs.