What are the types of loans? How to get personal loan? how get instant loan from paytm?

What are the types of loans?

Hello friends, welcome to our website, in today's post we are going to tell you the types of loans if you do not have any information about this. That's how many types of loans are there, friends, you do not need to worry because all banks keep providing different types of loans and you select the option of loan to meet different needs.

But you do not know from these which loan you should take and how many types of loans are there. So you do not need to worry, we are going to tell you the complete information in detail in today's post. Just for this, you have to follow this information of ours from beginning to end, if you follow properly, then we claim that you will know how many types of loans are within no time.

What are the types of loans?

As we have told you in the above information, there are many such people among us who keep on needing a loan. Which he takes from a financial institution in a bank, then the amount taken in the loan is returned to the bank or finance institute along with interest. So friends today we are going to get information about (Types of Bank in India) in this post, let's go ahead.

What are the types of loans according to the time period?

There are three types of loans according to the time period, first short term loan, second medium term loan, and third long term loan,

1) First of all talk about short term loan, on taking this loan, you are given less time to repay the money. That is to say, you are given less than 1 year here so that you can repay your loan.

2) Now talk about medium term loan, then the time of repayment on taking this loan is kept between 1 year to 3 years or 5 years.

3) Long Term Loan The repayment time given to you for a long term loan is more than 5 years.

What are the types of loans?

As you know that our topic of today is that how many types of loans are there, then we talk about how many types of loans are provided by banks or financial institutions in India, which are as follows.

• Personal Loan

A loan taken by himself or for himself is called a personal loan or a secured loan, although you all know that all people take loans for themselves. But personal loan means that you can get this loan for your personal work. For example, you can use a personal loan to collect school fees for your children, buy an expensive gift, buy household items, or get your daughter married, or to build a house.

Actually, every bank has its own interest rate fixed for the loan, in today's time State Bank of India i.e. SBI Bank charges annual interest ranging from 12.50% to 16.60% for personal loans. And while talking about HDFC Bank, this bank charges an interest rate ranging from 10.99% annually to 20.75% per annum.

By the way, the interest rate of personal loan is different from all other loans and is also higher, but the bank does not ask for more documents from you when taking a personal loan. Just for this the craft of your salary is seen and you can be given a personal loan for 5 years.

• Gold Loan

In this loan, you have to keep your gold in the bank locker, then you can get the loan through it. And in this loan, it is seen that how much is the quality and value of your gold, according to the quality and value of your gold, you are given a loan and according to the value of your gold, you are given a loan up to 80% of the amount.

• Loan against security!

Something similar happens in this loan, as you have to keep gold in a gold loan, similarly, taking this loan, you can take a loan by keeping the security paper in the bank. But now this question must be running in your mind that what are Security Papers if you have already invested in Mutual Fund Demand Share Government Scheme or Bonds. So you can call these as security papers through which you can also take a security loan.

• Property Loan

Property loan is a loan in which the bank has mortgaged the documents of your property with itself, this loan can be given to any person for a maximum period of 15 years. Generally, you can take a loan of 40 to 50% of the value of the property. If you do not repay this loan within 15 years, then after 15 years the land you had mortgaged will be auctioned.

• Home Loan

When you buy any house or plot and you apply for a loan or want to take a loan, then you can call such loan as home loan. It is not that only you can take a home loan to buy a house, but if you want to build your own house, then you can also take a home loan for this. You are given a home loan loan ranging from 75 to 85% from the cost of building your house, you have to do the rest of the money yourself.

• Education Loan

It is not impossible for any student to get an education loan, after taking an education loan, they can pursue their studies in their favorite school and college. If you want to study in an Oxford University and you do not have that much fee, then you can take education loan, before giving education loan, the bank determines its repayment.

By providing bank loan to the same student

Personal loan

Personal loans are very helpful in achieving all the objectives of our life, such as planning a trip with our friends/family wherever we go, financial assistance for our own or our sister's/daughter's weddings at home, etc. Bank personal loans also provide facilities like quick loan approval and advance repayment of loan to make all these wishes come true. You can take a personal loan from Rs 50,000 to Rs 15 lakh with minimal documentation and prompt bank approval.

Eligibility Criteria for taking a personal loan:-

To take a personal loan from the bank, the minimum age of the person is 21 years and should have a correct set of documents like ID, income and residence proof (proof) among other documents.

When should I take a personal loan?

A personal loan is the best option for you if you are in urgent need or need money for a short period of time. It is a secured loan. The lender bases the details of the applicant such as age, income, current liabilities and credit score etc. Secured loan means that no time is spent in appraising the collateral in case of gold loan or loan against property. Although there are many types of loans, usually a personal loan is of just one type and you can avail it for any kind of requirement. 

• How to take a personal loan from Paytm

Friends, if you want to take a loan, then Paytm has provided the facility of giving instant personal loan to some of its special users, then you can take advantage of this facility as if any person has to take a loan.

Chanak requires more money. So in such a situation, they have to go to the bank and apply for a loan, but the process of taking a loan from the bank becomes a bit long, then in that case you can fulfill your needs quickly by taking an instant personal loan through Paytm. Huh. So friends, if you need money, then in such a situation you want to know about taking loan from ATM, then keep reading our information.

• Inside this post you will find
• What is Paytm Instant Personal Loan?
• How to take loan easily from Paytm App?
• How much personal loan can I take from Paytm?
• Benefits of taking a personal loan from Paytm
• How much interest will be charged on taking a personal loan from Paytm
• Paytm Personal Loan Fee & Charges
• What should be the eligibility to take loan from Paytm.
• Paytm Personal Loan Required Document
• How to apply online for personal loan from Paytm?
• What is Paytm Instant Personal Loan?

Friends, Paytm has given the facility of providing instant personal loan to its users a few months before today and according to the new facility of giving this loan, Paytm has started giving instant personal loan up to ₹ 200000. The process is online if you want to take an instant personal loan through Paytm. And if you are eligible for that then within a very short time you will get Personal Instant Loan up to ₹ 200000 and the loan amount will be transferred to your given bank account.

• How to take a personal loan from Paytm?

For friends, you use Paytm application inside your mobile phone and you have an account inside Paytm application, then you can easily apply to take an instant personal loan through Paytm, through Paytm you can get from ₹ 10000 to You can take an instant personal loan up to ₹ 200000. And later in the time of 1 year to 3 years to repay your loan through small EMI, so let us discuss next what is the eligibility criteria to take loan from Paytm and what documents do we have to take loan. will be required.

• Paytm Instant Personal Loan

How much personal loan can be taken through Paytm.

Friends, you can apply for a loan through your Paytm application and you can take a personal loan from ₹ 10000 to ₹ 200000 sitting at home online, but you will get a loan of a little less amount in the initial period. If you repay the loan amount on time, then next time you can easily take loan through Paytm in large amount.

• Benefits of taking a personal loan from Paytm

Friends, you do not have to follow a long process to take personal loan through Paytm, you can apply for personal loan from ATM only after completing small processing Interest is charged on a very small amount. If you are taking a small personal loan amount from Paytm, then you can pay slowly through EMI. The entire process of taking Paytm Instant Personal Loan is online. For this you do not need to go anywhere. The amount of taking a personal loan from Paytm is transferred to your bank account.

• How much interest is charged on taking a personal loan from Paytm?

Friends, if you want to take an instant personal loan through Paytm, then you will have to pay 18% to 30% interest for about 1 year.

• Paytm Personal Loan Fees and Charges

On taking a personal loan, you have to pay a processing fee of up to 2%, 18% GST and charges applicable on it, if you do not pay the EMI on time, then you also have to pay a late fee.

• What is the DGVT eligibility for taking a personal loan from Paytm?

Friends, if you want to take a personal loan through Paytm, then first of all the applicant's age should be between 25 years to 60 years, the applicant's civil should also be very good, the applicant should be an old user of Paytm Wallet. The applicant should have some means of salary so that he can repay the loan amount on time.

• Paytm to Personal Loan Required Documents

PAN card of the applicant

Aadhar card

bank account.

mobile number

• How to Apply Online for Personal Loan from ATM?

Friends, if you already use ATM, then it is a good thing then you have to update your Paytm application. Now you have to see the Paytm Personal Loan option to take Paytm Personal Loan, click on it and check the offer whether the personal loan offer has come for you now or not.

After that, you will see a column on the screen to enter all the details of the PAN card, there you have to select the profession option, enter the email ID, the name of the parents and click on the confirm option.

If you are eligible for Paytm personal loan, then you will get loan offer, then there you have to enter all the details of your Aadhar card, thus your personal loan application has been submitted.

After getting the loan application approval