How Many Types of Bank Loans Are There – How To Take Loan From Govt Bank And Private Bank Full Details

Bank Lone

Bank Lone – Today, with the help of this article, we will know that Bank Loan Kitne Prakar Ke Hote Hain and Bank Se Loan Kaise Lete Hain. In this article, we will know which documents are required for this.

Bank Lone How different banks like- SBI, PNB, HDFC, BOI, Axis Bank etc provide loans as per your requirement.

How many types of bank loans are there – How to take loan from bank

What are the types of bank loans

In today’s time almost every person needs loan. If you do not have money, and you want to buy something, then taking a loan from the bank is a very easy and convenient option. You can take loan even in times of crisis.

This is a very simple and easy method, now keep one more thing in mind here, the loan should be taken only when you need it more, the lower the loan amount, the better it will be for you and you will be able to repay the loan amount quickly. And if you will be saved from the trap of debt, then let us know the types of bank loans.

Bank Lone Type

There are three types of loans according to the time limit.

  • Short Term Loan – The time to return the money in this loan is less than 1 year
  • Mid Term Loan – The time to return the money in this loan is between 1 – 5 years.
  • Long Term Loan – The time to return the money in this loan is more than 5 years.

Let us now pay attention to the type of loan, how many types of loans are given by banks or financial institutions in India.

Bank Loan Loan Types

Loans provided by banks and finance companies in India.

  • Personal Loan
  • Gold Loan
  • Home Loan
  • Education Loan (Education Loan)
  • Car Loan (Vehicle / Car Loan)
  • Security Loan (Property Loan)
  • Property Loan (Land / Property Loan)
  • Corporate Loan (Industry Loan)

Now you have come to know that there are different types of loans and there are different types of bank loans, so now we know that if we want to take any of these loans then what should we do for this.

How to take loan from bank

It is very easy to take a loan from the bank, for this you have to first choose which loan you want to take, after that you will have to have a letter to take that loan. If you have a letter to take a loan, then after that you can submit an application to the bank by writing an application along with the necessary documents required for that loan, from which the bank will provide you the loan.

Application form for taking loan from bank

When a loan is to be taken from the bank, then the thought comes in the mind that how to write an application for taking a loan from the bank, and then where to deposit it. So let’s know, how to write an application.


Mr. Branch Manager,

Bank Name (Enter your bank name here)

bank branch name

Subject: You can write the information for the purpose for which you want to take the loan.


I humbly submit that I am (insert your name here). My account number is (Account No. Xx123456). I am taking the service of your branch from last many years and I am satisfied with the service. I now want to take a loan of ₹ xxxxxx/- from your branch for the purchase of a new house.

I have deposited some rupees for the last several years, from these rupees and from the loan received from your branch

Overall I want to buy a new house. I hope you will look into my problem and contact me soon

Will make loans available.

Hence, you are humbly requested to accept my home loan application.

your confidante

kind regards



A. Account No.:____________

Signature ________________


What are the documents required to take a loan from the bank

Income proof and salary slip are required to avail a personal loan. Documents related to the property are necessary for home loan or property loan.

Documents required in personal loan:

  • ID card (copy of passport)
  • Voter ID Card
  • Aadhar Card
  • Driving license
  • Address proof
  • New salary slip

Documents required for all types of applicants:

  1. Identity card of the applicant.
  2. Fill the loan application form and attach three passport size photographs with it.
  3. PAN Card / Driving License / Voter ID Card Any one of these identity cards.
  4. Copy of Residence Certificate, Telephone Bill/ Electricity Bill/ Water Bill/ Passport/ Driving License or Aadhaar Card, attach any one of these.

Interest on Loan – Bank Lone

After taking the loan, you have to deposit it in a certain period, if you are not able to deposit it in that certain period, then interest is imposed on you as a penalty along with the bank to repay the loan at a fixed rate. Is.

Even if the loan is not deposited, it is charged with a steep interest rate, so while taking the loan, make sure that you repay your loan within a sufficient period of time, otherwise it will be a problem for you. Can also be made.

How to take loan from private bank

Whether the bank is private or government, loan from both the banks is now easy, you can apply for your loan by presenting your identity card, photo, and documents related to bank account in these banks, and you can get the loan easily from here. Gets it soon.

How to take loan from government bank

Whether the bank is government or private, the method of taking loan is almost the same, yes there may be some minor changes but you have to do the same thing here too.

You can apply for your loan by presenting the documents as per your need, you have more chances of getting loan on easy installments in government banks.

That is, the rate of interest does not remain high while repaying the loan, and in rural banks you get loan on more easy installments.

Hope you have liked our post Bank Loan Kitne Prakar Ke Hote Hain and Bank Se Loan Kaise Lete Hain.

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