Category Loans

A loan is a financial agreement in which a lender provides a borrower with a set amount of money to be repaid over a specified period, typically with interest. It serves as a useful tool for meeting various financial needs, such as paying for education, undertaking home improvement projects, handling medical emergencies, or consolidating high-interest debts into one manageable payment.

Loans come in many forms — secured loans, where an asset is pledged as collateral, and unsecured loans, which require no security but often depend on the borrower’s creditworthiness. Repayment schedules, interest rates, and eligibility criteria vary based on the loan type, lender policies, and the borrower’s financial profile, making it important to choose the right loan to match your needs and repayment capacity.