👋 Welcome to Loans and Finance – Simplifying Finance Since 1998 Hello and welcome to LoansAndFinance.in – your go-to destination for expert, honest, and easy-to-understand financial advice in India! Whether you’re applying for your first personal loan, exploring home loan options, planning your business loan, or just want to improve your credit score, you’re in the right place. This platform is curated by Manjeet Singh, a seasoned freelance loan and finance consultant with over 25 years of experience helping individuals and businesses across India. 💼 Who We Are At Loans and Finance, we believe that financial knowledge empowers better decisions. Since 1998, Manjeet Singh has been guiding people in choosing the right loan options, comparing lenders, avoiding traps, and managing EMI effectively. Our goal?To make finance simple, practical, and accessible for everyone. 🏦 What You’ll Find Here We regularly publish articles on: All content is created based on real-world experience, not just theory. 📞 Get In Touch Need personal help with your financial questions? Reach out to Manjeet Singh directly: Or visit our Contact Us page to drop a message. 🤝 Why Trust Us? 🛡️ Your Privacy Matters We follow all best practices to protect your privacy. Read our Privacy Policy, Disclaimer, and Terms and Conditions for details. 📝 Stay Updated Bookmark our site or subscribe via email to never miss important updates on: Loans are an essential part of financial planning in India—be it for buying a home, starting a business, or managing emergencies. Here’s a detailed overview of the major types of loans available in India, along with their features and uses. 📌 1. Personal Loan Purpose: For personal use (medical bills, wedding, vacation, education, etc.)Key Features: 📌 2. Home Loan Purpose: Buying, constructing, or renovating a houseKey Features: 📌 3. Car Loan / Vehicle Loan Purpose: Purchase of a new or used vehicleKey Features: 📌 4. Education Loan Purpose: Funding higher education in India or abroadKey Features: 📌 5. Business Loan Purpose: For business expansion, working capital, equipment purchase, etc.Key Features: 📌 6. Gold Loan Purpose: Quick funds by pledging gold ornamentsKey Features: 📌 7. Loan Against Property (LAP) Purpose: Fund personal or business needs using residential/commercial propertyKey Features: 📌 8. Consumer Durable Loan Purpose: Purchase of electronics/appliances (TV, AC, fridge, etc.)Key Features: 📌 9. Agricultural Loan / Kisan Credit Card (KCC) Purpose: For crop production, farming equipment, irrigation, etc.Key Features: 📌 10. Credit Card Loan / EMI on Credit Card Purpose: Fund purchases or emergencies using credit limitKey Features: 📌 11. Overdraft Facility Purpose: Withdraw more than the account balance (short-term loan)Key Features: 📌 12. MSME Loan (Mudra Loan under PMMY) Purpose: Support for small/micro businesses under government schemesKey Features: 🔁 Comparison Table Loan Type Secured/Unsecured Interest Range Tenure Use Case Personal Loan Unsecured 10% – 24% 1–5 years Personal expenses Home Loan Secured 8% – 10% Up to 30 yrs Property purchase Gold Loan Secured 7% – 14% 6–36 months Emergency cash Business Loan Both 12% – 20% 1–5 years Business needs Education Loan Secured/Unsecured 8% – 15% Course + 5 yrs Higher education Thanks for visiting LoansAndFinance.in – where real experience meets real financial advice. Let’s make your financial journey smarter and safer – together!