Loan services encompass a variety of financial products designed to meet the borrowing needs of individuals and businesses. Personal loans, home loans, and loans against property are among the most common types of loans offered by financial institutions.

Personal loans are unsecured loans that individuals can use for various purposes, such as debt consolidation, home renovation, education expenses, or emergency funding. These loans typically have fixed interest rates and repayment terms, allowing borrowers to access funds quickly without providing collateral.

Home loans are specifically tailored to help individuals finance the purchase of a home or property. These loans are secured by the property being purchased and may offer competitive interest rates, flexible repayment options, and longer loan terms. Home loans often require a down payment and involve the mortgaging of the property to the lender until the loan is repaid in full.

Loan against property (LAP) allows individuals to leverage the equity in their property to secure a loan for various purposes, such as business expansion, debt consolidation, or other financial needs. These loans offer relatively lower interest rates compared to personal loans, as they are secured by the property’s value.