What is Loan Amount ?
A maximum loan amount describes the total amount that a borrower is authorized to borrow. Maximum loan amounts are used in standard loans, credit cards and line of credit accounts.
% What is Interest Rate ?
An interest rate is the cost of borrowing money, or conversely, the income earned from lending money. Interest rates are expressed as percentage of the principal per period.
What is Loan Tenure/Term ?
Period from the date of disbursement of loan to the date of the last EMI payment or the date of closure of loan.
Types of Loans
- Home Loan
- Personal Loan
- Car Loan
- Gold Loan
- Credit Card Loans
- Education Loans
- Loan Against the Insurance Schemes
- Loan Against Fixed Deposits