Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

different types of loans in india

26,500 views

Published on

  • Hey really nice one i recently wrote an article on Do you know what is cibil masking just read this - https://www.linkedin.com/pulse/cibil-masking-all-you-want-know-avoid-being-cheated-mantha/?trackingId=c4aWTtr8EsI%2B9cweir1Cwg%3D%3D just check that out
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • APPLY FOR YOUR URGENT LOAN NOW hello,I am a private lender and Investor who have been granting loans to companies and individuals for more than 20 years now, Do you need a legit, honest, reputable and quick loan? I can help you with 100% guarantee loan, I am offering business and individual loan, More also we financing all kind of projects. Do you need financial solution? CLARK DESMOND loans Service is the solution to all your financial problems we grants loans ranging from $2000 to maximum of $50,000.000, our loans are easy and quick. Contact us today for that loan that you desire, we can arrange any loan to suit your budget at only 2% interest rate. If interested, contact us with the followings your names:___________ amount needed:________ duration:_____________ phone number: contact us via email: clarkdesmondloancompany@gmail.com
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Wondering how to increase your credit score here is the article on https://www.quora.com/profile/Gowrav/Posts/What-is-the-best-way-to-increase-my-CIBIL-score-to-get-loans
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • I got my already programmed and blanked ATM card to withdraw the maximum of $20,000 daily for a maximum of 20 days. I am so happy about this because i got mine last week and I have used it to get $45,000. Mr. Paul is giving out the card just to help the poor and needy though it is illegal but it is something nice and he is not like other scam pretending to have the blank ATM cards. And no one gets caught when using the card. get yours from him. Just send him an email On paulatmoffice@gmail.com
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Need quick cash yet can't find a legit company? Check out this site: LoansPulse.com before doing anything. Here you can easily find the best lender in order to get fast approval. Good luck!
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here

different types of loans in india

  1. 1. WELCOM E
  2. 2. DIFFERENT TYPES OF LOANS Presented by, Anoop K. A. Anoop K. Iype Eldho J. Valiyaveeden
  3. 3. INTRODUCTION. A bank is an institution which accepts deposits from the public as well as lend money to the public. From the definition itself it is clear that one of the primary function of a bank is lending of money. The main earnings of a banking institution is the interest from their customers(i.e., debtors). So, it is very essential to lend money to the public via loans and advances. a loan is a debt provided by one entity to another entity at an interest rate ,For a specific period of time.
  4. 4. PROCESS OF GRANTING A LOAN Loan application CIBIL check Submission of Required documents Approval of loan
  5. 5. FORMS OF LOANS. There are many forms of loans as follows:- Overdraft Cash credit Credit cards Housing loan Vehicle loans Education loan Personal loan Gold loan Festival loans Consumer loans Gold loans Loan against pension Loans to doctors for Opening clinic
  6. 6. 1. OVER DRAFT The word overdraft means the act of overdrawing from a Bank account. In other words, the account holder withdraws more money from a Bank Account than has been deposited in it.
  7. 7. 2. CASH CREDIT Cash Credit is one type of Advance made by Banks to it's Borrowers. By granting this facility Bank allows borrower to withdraw money up to certain fixed amount sanctioned by the Bank. Certain securities and guarantees are to be provided by the borrower as per Bank's rules and it is to be renewed every year as specified at the time of granting this facility. If borrower fails to repay the amount Bank can take action as per rules and conditions fixed by the Banks.
  8. 8. 3. HOUSING LOANS. The basic needs of a human include, food, cloth, water, shelter and security. Housing is an important need. Banks provide different types of loans for building house known as HOUSING LOANS. There are different types of housing loans:- Home purchase loan- for purchase a new house. Home construction loan- construction of a house
  9. 9. Home improvement loan- for repair works and renovations of an existing house Home extension loan- for making extensions for the house i.e., building additional rooms, floors etc. Land purchase loan- purchase of land for building a house. Home conversion loan- for building a new house by loan during the payment of an existing home loan. New loan is added to the existing one. Balance transfer loan- existing home loan is transferred to another bank. Bridge loan- for those who wish to sell the existing house and buy or build a new one.
  10. 10. 4.PERSONAL LOANS Personal loans are intended to meet any kind of personal expenses. The loan can be for any of the following purposes:- Family functions Meeting travel expenses in India or abroad Marriage expenses of children Buying a laptop / pc Interior decoration of house
  11. 11. 5. VEHICLE LOANS Vehicle loans particularly car loans are offered by all the banks in the country . the terms and conditions of vehicle loans vary from bank to bank . the purpose of vehicle loan is to finance for purchase of ; A. a new car , bike , scooter , jeep or MUVs B. a used car , bike , scooter , jeep (not more than 5 years old) C. Take over of existing vehicle loan from other bank or financial institution.
  12. 12. 6. EDUCATION LOANS The purpose of education loan is to provide better educational opportunity to bright and financially backward students and brings within their reach all types of education. Education loans are provided for pursuing plus two, graduation courses, PG courses and other professional courses. It can be availed for: A. Tuition fees payable to college B. Hostel fees C. Examination/ library / laboratory fees D. Purchase of books/equipment/instruments/uniforms E. Travel expenses F. Purchase of computer ,if it is necessary for completion of course. G. Cost of two wheeler upto Rs 50,000
  13. 13. 7. AGRICULTURAL LOANS It is always said that, most of the people India are depending agriculture or farming as their livelihood. So, it is very important to develop the rural sector. In order to fulfill that banks provides various credit facilities to the farmers. The loans are provided for:-  Purchase of asset like farm machinery, bullocks, sheep etc.  Creation of assets such as poultry, dairy development etc.  For rural activities under agriculture, horticulture, plantation, animal husbandry fisheries etc.
  14. 14. 8.CREDIT CARDS Credit card is any card , plate or device that may be used from time to time and over and over again to borrow money or buy goods and services on credit. Credit card enable card holders to avail credit facilities for a specified period of time without giving any security to the issuing bank.
  15. 15. PRINCIPLES OF SOUND LENDING LOANprofitability Ability to repay liquidity Reduce risk productivity
  16. 16. Credit Information Bureau (India) Limited (CIBIL) is India’s first Credit Information Company (CIC) founded in August 2000. CIBIL collects and maintains records of an individual’s payments pertaining to loans and credit cards. These records are submitted to CIBIL by member banks and credit institutions, on a monthly basis. This information is then used to create Credit Information Reports (CIR) and credit scores which are provided to credit institutions in order to help evaluate and approve loan applications. Since its inception, CIBIL has come to play a critical role in India’s financial system. Whether it is to help loan providers manage their business or help consumers secure credit faster and at better terms, the use of CIBIL’s products have led to a significant change in the way the credit life cycle is managed by both loan providers and consumers.

×