Bank Loans

A loan is when money is given to another party in exchange for repayment of the loan principal amount plus interest.
Loan terms are agreed to by each party before any money is advanced.
A loan may be secured by collateral such as a mortgage or it may be unsecured such as a credit card.
Revolving loans or lines can be spent, repaid, and spent again, while term loans are fixed-rate, fixed-payment loans.

Types of Loan

Personal Loan
Business Loan
Home Loan
Mortgage Loan
Gold Loan