Retail lending

 The biggest advantage of a credit card, however, is how it works. With a credit card, you can make a purchase and pay for it at a later date. This makes it easier for you to access credit. Unlike debit cards, your bank account won’t be debited each time you use your credit card.

 Generally speaking, a personal loan is an unsecured loan, meaning that the lender does not demand security to be provided, such as a property or vehicle. But compared to secured loans, the lender is taking a bigger chance with unsecured loans, thus the interest rate will probably be higher. Numerous factors, including as your debt-to-income ratio and credit score, might affect how high your rate will be. 

A Business Loan is typically used by businesses to cover their working capital needs. A Business Loan can be used to fund the purchase of equipment, operation growth, inventory, office refurbishment, cash flow management, etc. 

 A sum of money borrowed to cover post-secondary or higher education-related costs is known as an education loan. The purpose of education loans is to help pay for living expenses throughout a borrower's time of study, as well as the cost of books and supplies. Payments are frequently postponed during the college years and for an extra six months beyond graduation, depending on the lender. Another name for this deferment period is the "grace period."  

 A house loan is a sum of money that a person loans from a lender, such as a housing finance business, in order to build, purchase, renovate, or extend an existing home. The funds are borrowed at a given interest rate and returned in smaller installments known as EMIs (Equated Monthly Instalments) within a specified time frame.

 Mortgage loans, also referred to as loans secured by property, provide a means for borrowers to trade money for their property. Fundamentally, a mortgage loan is a particular kind of secured loan that is connected to real estate. Many homeowners are thinking about refinancing as real estate values climb. Through a refinance, consumers can get a new loan—often at a cheaper interest rate—to replace their current one.  .