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Banks are a type of financial intermediary whose principal service among many others is to provide loans to its customers who could be individuals/ corporations/ self-employed Professionals/ public/ private companies etc. The loans are in turn funded by the deposits of its existing customers.
Types of Loans Available :

  • Auto Loans
  • Two Wheeler Loans
  • Car Loans
  • Commercial Vehicle Loans
  • Cash Rental Loans
  • Commercial / Business Loans
  • Professional Loans
  • Trade Loans
  • Equipment Loans
  • Construction Equipment Loans
  • Farm Equipment Loans
  • Medical Equipment Loans
  • Office Equipment Loans
  • Home Loans
  • Mortgage Loans
  • Personal Loans
  • Consumer Durable Loans
  • Festival Loans
  • Marriage Loans
  • Pension Loans
  • Personal Computer Loans
  • Real Estate Loans
  • Student Loans
  • Education Loans
  • Scholar Loans
  • Travel Loans

With the opening of the banking sector and strict competition, both private and public sector players are coming out with new and innovative loan plans to increase the customer base. A number of loans such as mortgage loans, personal computer loans, personal loans, home loans, equity loans, equipment loans,education loans, car loans are becoming increasingly popular.

A loan is a kind of debt, which the bank provides for a particular period of time. Banks normally charge interest on the amount of debt as a cost for providing the loan service. The rate of interest is determined on the basis of prime lending rate (PLR)- A rate of interest which banks generally charge from their steady and credit worthy customers.

The repayment is generally done through what is known as Equated Monthly Instalments (EMI). EMI includes not only the amount of loan but also the rate of interest for taking the loan. Usually a longer term loan is more expensive overall, than a shorter loan, this is because a lending institution has a higher risk over a longer period of time. EMI remains constant over the entire tenure of the loan. In the beginning, the interest rate component is higher than the principal amount in the EMI. Towards the end of the loan tenure, the principal amount becomes higher than the interest rate. EMI is calculated on a daily/monthly/quarterly/half yearly reducing balance as the case may be.

Attention Investors : Prevent unauthorised transactions in your account --> Update your mobile numbers / Email IDs with your stock brokers . Receive information of your transactions directly from Exchange on your mobile / Email at the end of the day........Issued in the interest of Investors Prevent Unauthorized Transactions in your demat account -- > Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/NSDL on the same day.......issued in the interest of investors No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. KYC is one time exercise while dealing in securities markets-once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), You need not undergo the same process again when you approach another intermediary.
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