Loan:-

          A loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed.

There are many types of loans

• Home Loan

• Personal Loan

• Education Loan

• Gold Loan

• Vehicle Loan