Hi friends… I’m going to share my experience on taking loan. Loan is very much useful for all peoples to fulfill their needs. Loans can be provided by the bankers that can be me private or government. There are different kinds of loans given by the bankers. They are personal loans, home loans, bad credit loans, educational loans and vehicles loans, etc. The personal loan will be given on the bases me a person’s income. I have taken this loan for my personal purpose. The home loan will be provided on the basis of a person’s income and land property. The bad credit loan will be provided on the bases of yearly income, this is mostly useful for all business mans. I have taken few loans for my business purpose. I can pay this loan amount for bunch like three months amount at one time or four months amount for one time. The educational loan will be provided on the bases of only guaranty and student academic result. The person who gets educational loan can pay their amount after finishing their studies and the bankers will provide 1 year time for getting the job after finishing the studies. So that they can pay their loan amount with their rate of interest after completing his/her studies.