Term and Demand Loan

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Term Loan 
Term Loan are granted  in one lump sum and are allowed to be repaid over a period in installments the schedule of which is specified in the agreement itself .
Demand Loans
Loan are those which are repayable on demand through a repayment schedule,as agreed upon by the bank.
Term loan dived on basis of period
1.Short-term Loan
Short- term Loans are Loans that are repayable  within one year.
2.Medium-term loan
Medium-term loans within two to seven years 
3.Long-term Loans
Long-term loans above seven years periods.

Bank grant the short-term and medium-term loans.Bank onley in Housing loan section long-term loan which are repayable over longer period of 20-30 years
The Development financial institutions usually  grant long-term loans.

Retail Loan Products
1. Home Loan to resident Indians for purchase  of land construction of residential  homes/purchase of ready built house/repairs and renovation of an existing house.
2. Auto Loans-forvpurchase of new/used four-wheeler and two-wheelers.
3. Consumer Loan - For purchase of white goods and durable
4. Personal Loan -For purchase of jewels, for meeting  domestic  consumption etc.
Crop Loan to agricultural farmers 
5. Credit Cards

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