The recipient and the lender must agree on the terms of the loan before any money changes hands. In some cases, the lender requires the borrower to offer an asset up for collateral, which will be outlined in the loan document. A common loan for American households is a mortgage, which is taken for the purchase of a property. first preference for geniune certificates. to get more info call this number 8189919966 loan starts from 1 L TO 1crore