The LIC, NSC or KVPM acts as collateral for borrowing loan which individuals can use for their own personal or commercial needs.
Loan against FD (Fixed Deposit) is a type of secured loan where customers can pledge their fixed deposit as security and get a loan in return.
Personal loan can cover our various personal expenses like marriages, home renovations, appliance purchase, emergency expenses and medical emergency.
A mortgage loan is sanctioned against an immovable asset like a house or a commercial property.The property itself serves as collateral for the loan.
A Small Business Term loan is sanctioned against an immovable asset like a house or a commercial property. The property itself serves as collateral for the loan.
A SHG is a community-based group with 10 members. It acts as the mutually agreed contribution to the common fund and is used to provide loans to the members.
A Vehicle loan allows someone to borrow money to purchase private vehicle as bike, car, autos.
An overdraft occurs when there isn't enough money in an account to cover a transaction or withdrawal, but the bank allows the transaction anyway. Essentially, it's an extension of credit from the financial institution that is granted when an account reaches zero. The overdraft allows the account holder to continue withdrawing money even when the account has no funds in it or has insufficient funds to cover the amount of the withdrawal.
