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The loan is one of the financial services provided to the customers including individuals, organizations, or to other entities. The recipient burrows the loan from banks to acquire financial needs. The loan is given on the basis of lending money to the customers and in return, it charges some interest rate during the repayment time. Different banks provided several kinds of loans such as personal loans, commercial loan, tractor loan, gold loan, etc. Loans are provided for the fixed duration of time and in return, the bank charged an interest rate to the borrower to return the amount on an installment basis. Loans are the kinds of funding provided to the customers at the time of debt. At the time of burrowing the loan, the customers have to follow the rules and policies governed by the private or government banks.