VARIOUS LOAN PRODUCTS IN INDIA

There are many of commercial banks in India and each of them has their own set of loans – be it Home Loan, Personal Loan, Car Loan, Business Loan or any other loan such as a Property Loan. In this case study, we have tried to document some of the best loan products currently available in our country. However, it is not possible to document all loan products here and we’d advise you, the reader, to do your own research before opting for any loan. It is important to thoroughly read through the loan schemes before you decide to apply for a loan. Terms and conditions regarding foreclosure, part-payment, interest-rate calculation and installments are very important. The best thing to do is to first talk to your own bank, especially if you have had a relationship with them for a long time. Banks do value relationships and are likely to provide you with the best of offers. It doesn’t hurt to ask around among your family and friends. You could also read reviews online in order to assess a bank’s after sales service.

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