Question : किसी भी प्रकार का लोन लेने के लिए क्या साक्षरता भी जरुरी है ?

    • 1) Yes
    • 2) No

Question : Is literacy also necessary to take any type of loan?

    • 1) Yes
    • 2) No

Description :
A loan is a financial agreement that gives the borrower money or property in the hopes of repaying the regular interest over a certain period of time. Loans can be used in a variety of ways to suit your needs, from buying a home to setting up a company or financing training.

Types of loans

Personal loan
Puzzling and versatile, these loans are excellent at consolidating debt, raising weddings, or managing unexpected expenses. Interest rates can be high because you don’t need collateral.

House loan (home loan)
These loans are used to purchase real estate and are usually protected by the property itself in the long term. The firm, fluctuating mortgear offers flexibility based on your financial strategy.

Car loan
These loans often have low interest rates, especially when purchasing vehicles, as the car itself functions as a safety.

Student loan
These cover education expenses can be supported by the government or private. As a rule, they provide a period of mercy before repayment begins.

Economic loans
Business loans tailored for entrepreneurs, corporate loans help everything from initiating to expanding your business. Depending on the lender, these may be fixed or protected.

Paytday loan
A short-term loan that is very interested in. The borrower must be surprised until the next pay check. These should be used with caution due to the high fees and risk of debt cycles.