Education loan An education loan is a financial aid offered to students to cover the cost of their education. It helps students pay for tuition fees, books, and other expenses. The loan is typically repaid after graduation, with interest. Education loans can be availed from banks, government, and private institutions. It is a great way to invest in your future and achieve your academic goals.Consumer durable loan A consumer durable loan is a type of loan that allows individuals to purchase durable goods such as | appliances, electronics, and furniture. These loans typically have a fixed interest rate and are paid back over a set period of time. Consumer durable loans can be a helpful option for individuals* who need to make a large purchase but do not havethe (_ funds upfront. It's important to 2 carefully consider the terms and conditions of the loan before applying.Vehicle loan A vehicle loan is a type of financing that allows individuals to purchase a car, truck, or other vehicle. These loans typically have fixed interest rates and repayment terms that can vary based on the borrower's credit history and income. To obtain a vehicle loan, borrowers must provide proof of income, employment, and creditworthiness. It's important to shop around for the best loan rates and terms to ensure that you get the best deal possible.Housing loan A housing loan is a type of loan that is used to purchase, build or renovate a home. It is a long-term loan with a fixed or variable interest rate. The loan amount is usually determined by the value of the property. It is important to carefully consider the terms and conditions of the loan before applying.Short term loan Kap A short term loan is a type of loan that is typically repaid within a year. These loans are often used to cover unexpected expenses or to bridge a gap in cash flow. Short term loans can be a good option for those who need money quickly, but they often come with higher interest rates than longer-term loans. It's important to carefully consider the terms and conditions of any short term loan before agreeing to it.Long term loans Long term loans are a type of financing that lasts for usually more than one year. These loans are ideal for businesses that need to make large investments. Long term loans typically have lower interest rates than short term loans, making them a more affordable option. However, it's important to consider the total cost of the loan, including interest and fees, before committing to a long term loan.Medium term loans A medium-term loan is a type of financing that typically lasts between two and five years. It is a good option for businesses that need to make investments in equipment, inventory, ,, or other assets. The interest rates on | ° medium-term loans are typically higher than those on long-te but lower than those on s loans. Before taking out a medium- term loan, it's important to consider your business's cash flow and ability to repay the loan.Microfinance Microfinance is a financial service that provides small loans, savings, and insurance to low-income individuals. It is designed to help those who are excluded from traditional banking systems. Microfinance institutions aim to empower individuals and communities by providing access to financial services, promoting financial literacy, and supporting entrepreneurship. The impact of microfinance has been significant, as it has helped millions of people around the world to improve their livelihoods and break the cycle of poverty.Bank overdraft A bank overdraft occurs when an account holder withdraws more money than is available in their account. This can result in fees and interest charges. It's important to monitor your account balance and consider setting up alerts to avoid overdrafts. Some banks offer overdraft protection, but it's important to understand the terms and fees associated with this service. A ce R os Ht elelejo) : B I | T an°, Cash credit Cash credit is a type of short-term loan that allows borrowers to withdraw funds up to a certain limit. It is a flexible financing option that can be used for various purposes such as working capital, inventory purchases, and debt consolidation. Cash credit is typically offered by banks and other financial institutions, and the interest rates and repayment terms may vary depending on the lender. It is important to carefully consider the terms and conditions before applying for cash credit to avoid any potential financial risks.