Friends, in today's time, taking a bank loan is not a very difficult task, it is easily available to you, you just have to take care of their terms and policies along with some rules and regulations, and also you have to take bank loan from time to time. installments also have to be paid, so in today's post we will talk about the same.
How to get Bank Loan - How to take loan, all the information about loan
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| How to get Bank Loan - How to take loan, all the information about loan |
Know how many types of bank loans are there
- Personal Loan
- Home loan
- car loan
- Study Loan
- gold loan
- Business Loan
There are many other bank loans, so we understand about all these in further detail.
What is a personal loan and how do you get it
A person takes it to meet his personal needs and that is why it is also called a personal loan because the needs of every person are different, so accordingly he takes a personal loan for himself.
Friends, every type of bank gives you personal loan easily, you just have to read their terms and condition and their policy carefully while taking loan, then you will get personal loan from any bank.
What are the documents you need to have with you to take a personal loan?
- passport size photo
- Income Proof
- Identity Proof
- Adhar Card
- pan card
- Banks Copy
- Salary Slip
- Electric Bill
- 6 Month Bank Statement
Electricity bill also has to be given as address proof, if you have all these documents, then you will easily get personal loan, take loan from any bank, but you take loan from that bank, its interest rate is very low.
That is, if you take a loan from a bank with a low interest rate, then you will only benefit, if the interest rate is low, then you will check which bank gives the lowest interest rate compared to the other bank, then you can apply for a personal loan from the same bank. will take
What is a home loan and how do you get one
If you want to build a house or you want to complete any unfinished work in your house or want to repair it, but if you do not have enough money to build a house
So in such a situation, the bank also gives you a home loan to build a house, with the help of this you can easily build your own house or you can also get some tax work done.
Friends, if we talk about home loans, then there are two types of home loans –
- Fixed Home Loan
- Floating Home Loan
Fixed Home Loan- This is such a home loan where you already have interest, you have to repay that loan according to the same interest.
Example- If I tell you, then suppose that you have taken a home loan of ₹ 500000 and you have to repay this loan in 5 years, that too with 11% interest, your interest will be 11%, then you or loan with 11% interest Will have to pay only, there will be no discrimination in this
Floating Home Loan- What kind of home loan is this, where interest is charged according to the market, the address keeps changing
As an example, suppose that you have taken a floating home loan of ₹ 500000 and at that time you were charged 11%, but if there is a fluctuation in the rate of interest in the market, then you will get your interest according to the same fluctuation. Will have to pay for the home loan
What are the documents you need to have for taking a home loan
- Home Property Documents
- Identity Proof
- passport size photo
- 6 Month Bank Statement
What is a business loan and how do you get one
If you want to open a small business, but you do not have enough money to open a business, then for this the bank also gives you a business loan.
With the help of this, you can open your own business, so the Government of India had also made a new scheme to give business loan, its name is Mudra loan.
You can understand this as a business loan and if you want to take a loan for business, then you should take Mudra loan only because its interest rate is very cheap because it is a scheme taken out by the government.
Car Loan And Study Loan
Car Loan
If you want to buy a car but you do not have enough money to buy a car, then in such a situation the bank gives you the facility that you can buy a car by taking a car loan and for this it is also called a car loan.
Study Loan
If you are a student, then you want to study further, but due to lack of money, you are not able to study further, then in such a situation, the bank gives you a loan only for studies and when you get a job, then you can easily If you can repay that loan, then it is also called education loan.
Things you should keep in mind while taking a loan
- While taking any loan, whether you take a personal loan, take a business loan, take a car loan or take your home loan, while taking any loan, you should know how long this loan will last, that is, how much is the bank loan you have taken. This much information you must know will last for years
- After that the thing you have to keep in mind is its rate of interest friends, how much interest will you get on this loan, you should also know that.
- And you must see your eligibility status pick then if you are eligible to repay your loan then only you take this loan otherwise don't take it if you earn so much money that you have the ability to repay this loan then only you can take it from the bank take a loan
- Otherwise, do not take it again and you must read the terms of condition of the loan because it is important to readyou are very important
Conclusion
Friends, in this post I have told you how to get a bank loan - how to take a loan, in all the information about the loan, if you like this post of ours, then do share it, if you have any question or suggestion, please tell us by commenting.