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Asked by Rajan Last Modified
Answer 
As you aware that Banks provide financial assistance to their customers in form of loans and advances like Housing Loan, Vehicle Loan, Overdraft Facility, Cash Credit, Term Loans, Bills Purchased, Credit Card facility etc there are other types of loans which may vary from customer to customer which are provided given below.
Different types of loans given by bank :
1. Government Guaranteed Advances
2. Advances under Consortium
3. Advances against term deposits, NSC, KVPs
4. Agricultural Advances affected by natural calamities
5. Takeout Finance
6. Export Project Finance
7. Advances to Staff
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Loan types vary because each loan has a specific intended use. They can vary by length of time, by how interest rates are calculated, by when payments are due and by a number of other variables.
Borrowing from Friends and Family
Unsecured Loans
Bank Credit Card
Personal Loan
Equipment Line of Credit
Secured Loans
Auto
Lines of Credit
Short Term Notes
Long Term Notes
Real Estate
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