Commercial vehicle loans are loans offered to borrowers, usually self-employed individuals, trusts, partnership firms, organisations, etc., for the purchase of vehicles for commercial or business purposes. These Car loans are availed by those who are involved in the transportation business. A commercial vehicle loan can be used to purchase buses, trucks, tippers, tankers, light and small commercial vehicles.

Microfinance is a banking service provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services. Microfinance allows people to take on reasonable small business loans safely, and in a manner that is consistent with ethical lending practices.

Loan insurance or loan protection insurance is a very different and specific product. It covers the loan amount of the specific loan that a borrower has availed, be it personal loan, vehicle loan, or home loan. ... The insurer awards the insured amount to the beneficiary in case the policy holder dies or is incapacitated.

Gold loan (also called loan against gold) is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral. The loan amount provided is a certain percentage of the gold, typically upto 80%, based on the current market value and quality of gold.

A home improvement loan is a type of home loan you can avail of to renovate your house and fund its repairs. The loan can be used for internal and external home renovation such as painting and whitewashing, tiling and flooring, waterproofing, plumbing and sanitary work, and more.

Loan for Doctor also referred to as a Physician Loan is a special Loan for professional doctors with a self-owned clinic or those working in a government or private clinic, hospitals and Consultants. A Loan for Doctor is taken to serve the financial requirements of doctors looking to expand the scale of operations.

Pocket Loan is an unsecured credit provided by financial institutions based on criteria like employment history, repayment capacity, income level, profession and credit history. Personal Loan, which is also known as a consumer loan is a multi-purpose loan, which you can use to meet any of your immediate needs.

Along with the principal, rate of interest and tenor, a common term associated with any loan – home, personal or business – is EMI. When you avail a loan for any purpose, you have to repay it through equated monthly instalments, better known as EMIs.

A Heavy vehicle loan provides funds to borrowers to purchase a vehicle to individuals and organizations for commercial use. It is similar to a car loan; however, car loans are specifically catered towards private vehicles. A Heavy vehicle loan finances the purchase of commercial vehicles.

A top-up loan is a loan given by the bank over and above your home loan. Just like you top-up your mobile balance if you are running low on balance, similarly banks give top-up loans over your current balance. This might have increased your curiosity to know more about the product.