2/23/2011 · Given below are various types of retail loans which are given by the banks – Housing Loans – Most individuals take housing loans and when it comes to retail loans, housing loans is right there at the top. Banks give housing loans to individuals so that can buy apartment or construct new house if they already have the ;· Retail Loan Products. Housing Loan (for purchase of land and construction of residential house, purchase of ready built home, repair or renovation of existing house) Home Loans to NRI; Personal Loan – for meeting personal needs or domestic consumption etc. Auto Loan – for purchase of new or used 2-wheelers or 4-wheelers; Consumer LoansThe banks/ FIs can setup different products based on services they offer. When a customer loan is sanctioned, a loan account will be created under a specific loan account product. Hence, its’ features would default from the account product. The Loan account so created will be used for further Loan servicing such as banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. …You can also check your Eligibility for Retail Loan. Get Online Loans like Personal Loans, Business Loans, Home Loans, also Apply for Student Loans, etc. Union Bank of India- ProductDifference between Retail and Wholesale BankingRetail banking - WikipediaTypes of Retail Loans - Finance Guide for BeginnersUnderstanding Different Loan Types - Investopedia
