What is Loan? Types of LOAN! How to Get a Loan in India in Just 5 Minutes?

Loans !

Loan dene ka matlab hota paise dena kisi sanstha ya vyakti se leker kisi or ko paise udhaar dena. Loans, Types of Loans, matlab udhaar hota hai. Loan ke 3 componets hote hain- udaar liya hua paisa, interest ka rate, aur kitne time ke liye loan liya gaya ho. Loan ek primary financial product hota hai kisi bhi bank ka ya fir NBFC ka (Non-Banking Financial Company).

Category of Loans

Loans ko hum broadly categorized kar sakte hain SECURED aur UN-SECURED. Secured loans woh hote hai jiske liye aapki property ya fir Gold aur aapka fixed deposits girvi rakha jaata hai. Un-secured loan woh hota hai jiske liye bank aapko loan deta aapke CIBIL score aur personal track records pe, toh yeh kehlata hai Un-secured loan.

Loans ko humlog aur bhi category me divide kar sakte hai- repayment period, aur term loans ke basis pe. Revolving ka, matlab hota hai woh loan jo hum spend kar sakte hain, payback karne ke baad fir se spend kar sakte hai, yeh sab hota hai CREDIT CARD ke case me. Aur loan jo equally diya jaata hai every month installments me (EMI) ek diye gaye time ke liye, isko bolte hai TERM LOAN.

Types of Loans

Types of loans jo sab commonly use krte hai woh hai:-

  • Home Loan
  • Gold Loan
  • Business Loan
  • Personal Loan
  • Education Loan
  • Car Loan

Loans ke Important Concepts.

Income: Loan dene wale ke concern rehti hai bss aapki repayment capacity. Bank requirements se match karna ek bohut important concept hota hai Loan ka. Jiski jitni zyada income zyada hoti hai usko loan milne ka process bohut easy ho jata hai.

Age: Kisi bhi person ki working-age agar zyada ho ( 2-3 years ka experience hona important hai) usko long-term ke loan milna bohut easy ho jata hai, lekin jiski working-age bohut less hoti hai toh unka repayment period bohut less hota hai.

Down Payment: Yeh loan lene wale ka share hota hai jis amount ka aap loan le rahe ho. For example, agar aap plan kar rahe ho ek house purchase karne ki jo 1 crore ka hai, aur bank aap ko approval kar deta hai loan ke liye jiska amount hoga 80 lakhs, aur baaki paise honge aap ki down payment, jo hote ha 20 lakh.

Tenure: Tenure ka matlab hota hai woh time jo bank aap ko deta hai loan re-pay karne ke liye. Agar aap re-pay nahi karte hain toh bank aap ko fine laga sakta hai aur aap ki property ko bhi seize kar sakta hai.

Interest: Interest matlab hota hai woh amount jo bank charge karta hai loan lene wale pe. Interest rates vary karte hai saare banks ke, aur person to person aur credit score pe bhi depend karta hai. Aap loan lene se pehle fixed interest ke liye bank se baat kar sakte hai (jo saare tenure ke liye same rahe) ya fir floating rate (jo market ke up-down hone par change ho jaye).

Equated Monthly Instalments (EMI): Yeh woh amount hota jo aap monthly re-pay karte hai bank ko Types of Loans. EMI include karta hai Principal aur interest borrowed ko.

Features and Benefits of Loans !

  1. Financial Flexibility: Loans aap ki financial requirements ko pura karte hai aur aap ke expenses ko bhi jo aap karte apni life me. Loan lena aap ko financial freedon deta hai kyu ki yeh aap ko enable kar deta hai big payments karne ke liye aur one time expenses ke liye bhi without aap ki planning budget ko disturb kiye hue.
  2. Easy Availability: Aap jis bhi loan ke liye apply karte hai woh zyada se zyada 48 hours me approve ho jate hain aap ki income ki basis pe aur aap ki financial history pe.
  3. Get Required Amount: Aapki income aur aap ki financial history ke basis pe aap ko aap ki marzi ke jitna loan aap ko mil sakta hai bank se.
  4. Convenient Tenure: Jitne time ke liye humko loan lena ho woh hum le sakte hai aur yeh sab depend karta hai bank aur liye gaye loan amount pe. Generally loans available hote hai 12 se 60 months ke liye ya fir iss se bhi zyada ho sakte hain.
  5. Tax Benefits: Income Tac Act (1961) ke mutaabik almost saare loans tax benefit offer karte hai jo aap le sakte hai.

Why Take a Loan?

  1. Life Goals: Aap ko jab bhi financial assistance ki zarurat hoti hai aap ke life goals ko sachhai me convert karne ke liye, chaahe woh ghar ho, ya car.
  2. Immediate Financial Requirements: Aap ko jab bhi financial emergency ho aap tabhi apply kar sakte hai loan ke liye.
  3. To Make Financial Arrangement for Unforeseen Expenses: Agar aap buri situation me phass gaye ho aur aap ko paiso ki zarurat hai toh aap loan ke liye apply kar sakte hai jis se ki sab cheeze normal ho jaye.

Points to Consider Before Applying For a Loan

Loan lena ek bohut badi financial decision ki zarurat hoti hai jis ke liye aap ko informed choices bnani hoti hain. Jaise ki:-

  • Credit Score: Loan ke apply karne se pehle aap ko aap ko apni credit history check karni hoti hai. Credit history woh hoti hai jo record rakhti hai aap ke previous borrowings ka agar aap ne pehle kabhi loan repay kiya ho toh. Yeh explain karta hai bank ko ki aap loan repay karne ke liye responsible hain ya nahi ya aap ne loan repay karne ki date miss kardi ho. Credit score jiska 750 se zyada ka ho usko bohut jaldi loan mil jata hai.
  • Rate of Interest: Loan ke liye apply karne se pehle aap ko loan ke interest rate ko check karna bohut important hota hai. Loans jinko chahiye hota hai collateral generally unke bohut less ineterest rates hote hain.
  • Processing Fee and Other Charges: Jab bhi aap loan ke liye apply karte ho aur aap apni repayment date miss kar dete ho, toh aap ko bank ko deni hoti hai processing ya penalty fee. Yeh sab fee aur charges depend karte hai loan ke amount pe aur bank pe.
  • Research To Get The Best Rate For Your Loan: Loan lene se pehle research karni bohut important hoti hai aur compare zarur karlen different banks ko agar best interest chahiye ho toh, aur EMI, ya fir Tenure aur other charges jo aap ko sahi lagte ho.
How to apply for loan, how to get loan.
LOAN

Visit Our Site:- WWW.JUNNUKITECH.IN

Eligibility for Loan

ParticularsSalariedSelf-Employed
Age(Min-Max)23 years to 58 years28 years to 65 years
Income
Rs.25,000
Minimum turnover of Rs.40 lakhs
CIBIL ScoreAbove 800Above 800

Documents Required for Loan Application

SalariedSelf-Employed
Application with PhotoApplication with Photo
Proof of Identity & ResidenceProof of Identity & Residence
Salary Slip ( Latest)Business Proof
Form 16Business Profile & 3 Years ITR
Last 6 Months Statement of BankLast 6 Months Statement of Bank
Processing Fee ChequeProcessing Fee Cheque
Previous 3 Years Balance Sheet of Business

Thank You

Junnu

Do read Our other Blog’s:-

An error has occurred, which probably means the feed is down. Try again later.

Once inside of crohn s estimated If fever in the lines and therefore excited. cialis pill Also called a lenis adj.

Leave a Comment