Financial loans in India can be broadly classified into two types:

• Retail Loans
• Business Loans

Any type of Personal, home, Vehicle or Educational Loans come under the category of retail loan which can be availed for respective purposes whereas business loans or Corporate loans are mainly suitable for business owners, corporates and companies, to fulfil their daily business needs or to add to their working capital, procure raw materials, acquire assets, etc. It is basically a loan availed to run their business smoothly.