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What is the meaning of farm loan?
Agricultural loans are availed by a farmer to fund seasonal agricultural operations or related activities like animal farming, pisci-culture or purchase of land or agricultural tools. This type of loan also helps buying inputs such as fertilizers, seeds, insecticides etc.

What is the meaning of project loan?

Project finance is the funding of long-term infrastructure, industrial projects, and public services using a non-recourse or limited recourse financial structure. The debt and equity used to finance the project are paid back from the cash flow generated by the project.
This loan can serve as a standalone transaction. It remains unaffected by the creditworthiness of its sponsors. Therefore, depending entirely on the value and possibilities of the project, more advantageous and flexible loan conditions can be negotiated. Management of Risk.

What is meant by group loan?
The loan is offered to any groups of targeted clients for using as capital in their micro-scale business and other income-generating activities in order to improve their livelihood.
the benefits of group loans
It provided a mechanism to avoid the problems of costly state-verification (utilising peer-monitoring), adverse selection (by relying on peer-screening) and moral hazard (with threat of financial and social exclusion), which had held back financial institutions from providing unsecured credit to the poor [2, 3] .

MICRO LOAN
Micro lending loan or micro finance loans is defined as all collateral-free loans, irrespective of end use and mode of application/ processing/ disbursal (either through physical or digital channels), provided to households having income up to Rs. 3,00,000.

MSME LOAN
Micros Small and Medium Enterprises are also known as MSME are those businesses that fall under this category. For the upkeep of their businesses, additional financial liquidity is required. To bridge the gap, many financial institutions and banks offer Business Loans for MSMEs.
This can include investments in new equipment, hiring additional employees, or expanding into new markets. No Collateral Required: Many MSME loans do not require collateral, which can be a significant benefit for small business owners who may not have assets to pledge

MUDRA LOAN
The MUDRA loans are provided for income generating small business activity in manufacturing, processing, service sector or trading. The Project cost is decided based on business plan and the investment proposed. MUDRA loan is not for consumption/personal needs.

What is the meaning of business loans?
A business loan loan is borrowed money that businesses use to cover costs they can't afford on their own in the short term. Loans are not provided without charge. As the cost of borrowing the money, lenders charge interest on loans.

CONSUMER DURABLE LOAN
Consumer durable loans are loan that are availed to finance the purchase of consumer durables such as electronic gadgets and household appliance. Depending on the lender they can be used to buy anything from mobile phones to television sets. Loan amounts range from 5000 to 5.lakh there is no security deposit required usually. Some landers offer 0% interest on consumer durable loans with instant approvals and minimal documentation required as well.

EDUCATION LOAN
An education loan is availed specifically to finance educational requirements towers school or college. Depending on the lender it will covered the besic fees of the course the exam fees accommodation fees and other miscellaneous charges. The student is the borrower with any other close relative being the CO applicant such as a parent grandparent spouse or siblings. It can be availed for courses in India or abroad. It can be taken for a wide variety of recognised courses which are either part time or full time. They cover vocational as well as undergraduate and postgraduate courses.

HOME RENOVATION LOAN
Home innovation loans are offered by most lenders. This can be availed to meet the expenses related to renovation repairs or improvement of an existing residential property. Depending on the lander there is a lot of flexibility with that you can do with a home renovation loan. You can use it to buy products or pay for services of a contractor architect all interior decorator. You can also used it to buy furniture furnishings or household appliances such as a refrigerator washing machine, air conditioner etc. It can be used for painting carpentry or masonry work as well.

GOLD LOAN
A gold loan can be used to raise cash to meet emergency or planned financially requirements such as business expansion education medical emergencies agriculture expenses etc. The loan against gold is a the secured loan where gold is placed as security or collateral in return for a loan amount that corresponds to the per garm market value of gold on the day that the gold has been pledge. Any other metals gems or stones that are in the jewelry will not be calculate when determining the value of the gold loan.

AGRICULTURE LOAN
Agriculture loans are loan that are provided to farmers to meet the expenses of their day to day are general agriculture requirements. These loans can be short term or long term . They can be used for rising working capital for crop cultivation or to buy agriculture equipment.

SMALL BUSINESS LOANS
Small business loans are loans that are provided to small scale and minimum scale business to meet various business requirements. This loans can be used for a variety of purpose that help in growing the business. Some of these could include the purchase of equipment, buying inventory, paying the salaries of employees, marketing expenses, paying off business debts, meeting administrative expenses or even to open a new branch or take up a franchise.
The eligibility criteria for small business loans varies from lender to lendar but the common ones are the age of the business owner these number of years the business has been operational income tax returns and statement of the previous year's turnover that has been audited by a chartered accountant (CA).

TWO WHEELER LOANS
A two wheeler is a pretty essential today's world. May it be going for a long ride or a busy road in a city bikes and scooters help you to commute conveniently. A two wheeler loan is easy to apply for this amount you borrow under this loan type helps you to purchase a two wheeler. But if you do not pay the instalments on time and clear your debt the insurer will take your two wheeler to recover the loan amount.

CAR LOANS
Buying a car can definitely instil a great sense of joy and happiness in you . A car will remind your asset and it is going to be one of the biggest investment that you make. A car loan helps you to pave the path between your dreams of owing a car and actually buying your car. Since credit reports are crucial for judging your eligibility loan any loan it is good to have a high credit score when you apply for a car loan. The loan application will get approved easily and you might get a lower rate of interest associated with the loan.
Car loans are secured loans. If u fail to pay your instalments the lander will take back your car and recover the outstanding debt.

HOME LOANS
When you wish to purchase a new house apply for a home loan can help to a great extent. It provides you the financial support and helps you buy house for yourself your loved ones. These loans generally come with the longer tenure (20 years to 30) . The rates offered by some of the top banks in India with their home loans start at 8.30% your credit score is chacked before the loan request is approved by the lender. If you have a good credit score there is a fare chance that you will be able to enjoy lower rates of interest with your home loan.
Home loans are primirally taken for a buying new homes. However this learns can also be used for home renovations, home extensions, purchasing land property, under construction house, etc.

CREDIT CARD LOANS.
When you are using a credit card you must understand that you will have to repay for all the purchases you make at the end of the billing cycle. Credit card are accept almost everywhere even when you are traveling abroad. As it is one of the most convenient ways to pay for the things you buy it has become a popular loan type .
In order to apply and avail a credit card all you need to do is fill out a simple application form provided by the card issuer you can also choose to apply for a credit card online. These plastic cards come with the great rewards and benifits. It's the loan where you need to repay on time but you are also handsomely rewarded for using it .
Obviously there are pitfalls associated with this type of loan. You must understand that there is a high amount of interest on the amount you borrow on your credit card. If you do not pay your credit card bills on the time the interest will keep piling and might be difficult for you to manage your finances with the rising outstanding balance. But if you use a credit card wisely and clear all your debts on time it can definitely prove to your best friend in your pocket .

PERSONAL LOAN
Most banks offer personal loan to their customer and the money can be used for any expense like paying a bill or purchasing a new television. Generally these loans are insecured loans. The lender or the bank needs certain documents like proof of assets , proof of income , etc. Before approving the personal loan amount. The borrower must have enough assets or income to repay the loan. In the case of personal loans, the application is 1 or 2 page in length. The borrower gets to know about the denial or approval of the loan within a couple of days.
You must remember that the rate of interest associated with these loans can be the higher side. The tenure of these loans is not that long . So if u borrow a big amount it can be difficult for you to repay without planning your finances properly .
Personal loans can prove to be of great help when you wish to take a small amount loan and repay it as soon as possible.

Personal loan is a an unsecured credit provided by financial institutions based on criteria like employment history , repayment capacity, income level, profession and credit history. Personal loan which is also known as a consumer loan multipurpose loan, which you can use to meet any of your immediate needs.

How to take a loan?
Here are 7 steps to guide you through the process.
1. Check your credit score.
2. Calculate how much you need to borrow.
3. Calculate an estimate your monthly payment.
4. Get prequalified with multiple Lenders.
5. Compare all loan terms.
6. Choose a lander and apply.
7. Review the offer and accept the loan.

A lone is a form of debt incurred by an individual or other entity. The lender usually a corporation financial institution or government advances a sum of money to the borrower. In return the borrower agrees to a certain set of terms including any finance charges, interest, repayment date, and other condition.

What is the definition of a loan ?
A lone is a sum of money that one or more individuals or companies borrow from banks or other financial institutions so as to financially manage planned unplanned events. In doing so the borrow incurs a debt which he has to pay back with interest and within a given period of time.

What CIBIL score means?
Your CIBIL score is a three digit number ranging between 300 and 900 that denotes you creditworthiness. A high score can help you get quick approval and better deals on loans and credit cards. For most bank and non Bank the minimum credit score required for loan approval is 685 or higher.
The words CIBIL score are often used synonymously with credit score and refer to a three digit score between 300 and 900. CIBIL stands for credit information bureau India limited an Indian credit rating bureau that has excess to your credit information.

A mutual fund is an investment fund that pulls money from many investors to purchase securities. The term is typically used in the United States, Canada and India were similar structures across the globe include the SICAV in Europe (investment company with variable capital) on the open- ended investment company OEIC in the UK.

Mutual Funds are often classified by the principal Investments bonds or fixed income funds stock or equity funds or hybrid funds. Funds may also be categorized as index funds, which are passively managed funds that track the performance of an index such as the stock market Index of a bond market index or actively manage funds which seek to outperform stock market indices but generally charge higher fees. The primary structures of mutual funds are open end funds, closed end funds and unit investment trusts.

Open end funds are purchased from or sold to the issuer at the net asset value of each share as of the close of the trading day in which the order was placed, as long as the order was placed within a specified period before the closing of trading. They can be traded directly with the issuer.

Mutual Funds have advantages and disadvantages compared to direct investing in individual securities the advantages of mutual funds include economies of scale, diversification, liquidity and professional management. However these comes with Mutual Funds fees and expenses.

Mutual Funds are regulated by government to bodies and are required to publish information including performance comparisons of performance to benchmarks, fees charge and securities held. A single mutual fund may have several share classes, for which large investors pay lower fees.

Hedge funds and exchange traded funds are not mutual funds, and each is targeted at different investors, with hedge funds being available only to high net worth individuals.

Life Insurance ( or Life Assurance especially in the Commonwealth of nations) is a contract between an insurance policy holder and an insurer or a assurer, where the insurance promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policy holder) depending on the contract other events such a terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium either regularly or as one lump sum. The benefits may include other expenses such as funeral expenses.
Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurance; common examples include claims relating to su***de, fraud, war, riot and civil commotion. Difficulty may arise when event is not clearly defined, for example ,the insured knowingly incurred risk by consenting to an experimental medical procedure or by taking medication resulting in injury or death

Modern life insurance deals some similarity to the Asset Management industry and life insurance have diversified that product offerings into retirement products such as annuities :-

Life based contracts 10 to fall into major categories colon:

1) Protection policies: designed to provide a benefit typically a lump sum payment in the event of a specified occurrence a common form of protection policy design is a term insurance.

2) Investment policies: the main objective of these policies to facilitate the growth of capital by regular or single premiums common forms (in the United States) a whole life , universal life and variable life policies.

What is health insurance and its benefits?
Health insurance is a type of insurance that covers medical expenses that arise due to an illness. This expenses could be related hospitalisation cost, cost of medicine or doctor consultation fees.

General insurance covers home, your travel, vehicle ,and health ( non-life assets) from fire floods, accidents, man made disasters and theft. Different type of general insurance include motor insurance health insurance travel insurance and Home insurance.

GROSS DOMESTIC PRODUCT
Gross domestic product (GPD) is the standard measure of the value added created through the production of goods and services ina country during a certain period. As such it also measures the income earned from that production or the total amount spent on final goods and services (less imports).

Bharat billpay payment system(BBPS) is an integrated bill payment system in India offering interoperable and accessible bill payment service to customers through a network of agents of registered member as agent institutions (AI), enabling multiple payment modes and providing instent information of payment.

National payment corporation of India
(NPCI) functions as the authorised Bharat bill payment Central unit (BBPCU) which will be responsible for setting business standards rules and procedures for technical and business requirements for all the participants. NPCI as the BBPCU will also undertake clearing and settlements activities related to transaction routed through BBPS . Existing bill aggregators and banks are envisaged to work as operating units to provide an interoperable bill payment system irrespective of which unit has on boarded a particular biller. Payments may be made through the BBPS using cash transfer cheques and electronic modes. BBPS has also been integrated with the unified payments interface (UPI) for easy safe & instant payment through UPI enabled smartphones .