Personal Loan Unsecured loan that can be used for any purpose. You don’t need to put up any collateral for the loan, but the interest rates are usually higher compared to a home loan or a car loan. Home Loan A secured loan used to purchase a house or an apartment. The property serves as collateral and if the loan is defaulted, the bank can foreclose on the property and sell it for repayment. Business Loan Given to a business to start or expand their operations. The loan can fund numerous business purposes, and the collateral for the loan is usually the business itself. Mortgage Loan A mortgage loan is given to a borrower against the property they own. The property itself functions as the collateral. SANA FINANCIAL SOLUTIONS NO2333, SANGEETHA MOBILES NEAR ONDIPUDUR(POST) COIMBATORE-16 CELL 9994766449.
