1. Home Loan
Used for buying, building, or renovating a house.
Strategy: Compare interest rates, check CIBIL score, and opt for a longer tenure for lower EMIs.
2. Personal Loan
Unsecured loan for emergencies, weddings, travel, etc.
Strategy: Take only what you need; avoid high-interest lenders.
3. Education Loan
For funding higher education in India or abroad.
Strategy: Look for moratorium periods and government interest subsidies.
4. Vehicle Loan
Used to purchase cars or bikes.
Strategy: Check for festive offers and down payment deals.
5. Business Loan
For small or medium enterprises.
Strategy: Maintain detailed records, compare lenders, and prepare a solid business plan.
✅ Tip: Always check prepayment charges, processing fees, and hidden terms before signing a loan agreement.