A sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms.
It is a loan that employs a small number of workers and does not have a high volume of sales. They are generally privately owned .
Money borrowed to finance education or school related expenses. Payments are often deferred while in school and for a six-month grace period after graduation .
Agricultural loans are made to farmers to finance farming activities.They are usually seasonal and are used to finance the purchase of seeds, fertilizer and livestock.