Asked by
parvez
in
Personal Finance & Tax
at
4:19 AM on September 04, 2008
manohar babu's Answer
It depends on the purpose you need this loan for. If you require your loan for educational purpose, then you can avail many schemes offered by banks for educational purpose. If it is for house repair or plot purchase, then you can avail housing loans. If it is for a vehicle, then you have to look for vehicle finance.
In all these segments the loan sanction will depend upon various factors like your repayment capacity, your source of income, and collateral security, in case the loan is huge. There are different rates of interest for different loans. If you want a loan with out telling any details of your requirement, then you can go for personal loans where the interest will be high.
If you can give more details, then I will be able to give a precise reply.
Answered at
9:13 AM on September 04, 2008
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