A loan is an agreement that the borrower will return the specific amount of money borrowed from the bank or the financial institution by putting at stake different types of collateral as a guarantee and pay a specific amount of money as interest over the time taken in order to pay back the loan.

A loan is usually taken by the bank in order to avail immunity at unforeseen needs of funds or to obtain expensive commodities such as houses or vehicles. A loan is passed and processed further only after the economic background and bank credit score is verified.

There are two types of loans extended by the banks nowadays namely- secured loans and unsecured loans.

A secured loan is where the borrower avails loan against assets which are kept as collateral, being a guarantee of the payment of the money borrowed, on the other hand, an unsecured loan is where all the borrower puts at stake is his signature.

Shri Vinayak Sahakari Bank Ltd offers the best in class banking services that are highly reliable, convenient, and quick. We provide you a wide range of loan instruments such as gold loan, mortgage loan, housing loan, personal loan, vehicle loan and much more on custom terms and conditions set out while applying for the loan at the most attractive and flexible.