Navodaya Entrance Exam Results 2017 For Amreli,Bharuch,Div District
The dictionary defines a loan as thus, ‘a thing that is borrowed,
especially a sum of money that is expected to be paid back with
interest’ and rightfully so, our entire civilization is built on the
concepts of loaning and paying back. In modern day India, the middle
class has emerged as an average marketer’s dream target, the playground
for companies that deal in consumer products and consequently, the
numero uno customer for the massively available loans. From homes to
education, vehicles to vacations, if there is an expenditure angle
involved, then there is a loan for it.
In terms of sheer volume and popularity, the banks have segregated the concept of loaning into various types.
There is the personal loan, and as its name so aptly suggests, is an
influx of monies that the receiver can use for whatever personal
requirement or monetary contingency that he/she might have. Not
surprisingly, a home loan and car loan is intended for the purchase of a
home and a car respectively, while an education loan helps the borrower
cope with the high prices for a competent education these days. In
India, almost all private and public sector banks count the
aforementioned loan products as hot commodity in their respective
portfolios and competition is ripe to attract a prospective customer’s
undivided attention. From varying interest rates to relaxed loan
tenures, poaching strategies like the concept of home loan transfer- the
shifting of home loan from one lender to another who offers a lower
interest rate, to heavy discounts and offers, the string of available
loan options are many.
How can anybody discriminate between these available choices? Explore, Bankbazaar.com.