Personal loans and education loans are the two types of loans that are currently enjoying a phenomenal run in the Indian loans market. These loans are very popular in the Indian market since, these are the most genuine kind of loans that are available in the loan market. The feature of transparency is the another reason why these loans are most opted for. India is a place where till few years back 'loan' of any kind was an abhorred term. But the economic reformation that took place in the early years of the decade 1990 gave a renovated perspective to the entire loan infrastructure and the policies.The Indian people also give a very high importance to a good professional education, hence, these new players realised the potentialities of the market for borrowings to fulfill the purpose of education thus, came into being the concept of education loans at attractive rates of interest. The rules and regulations to avail these education loans are different for the different financial authorities and banks. Also the other eligibility criteria vary for different lending authorities and banks. While in case of availing personal loans the eligibility criteria changes. These loans can be availed for up to Rs15 lacs. The main feature of these loans is that these personal loans require almost no documentation. Also the repayment options for both the loans i.e. the personal loans and the education loans are very flexible. The eligibility criteria for availing these personal loans are different for different people like the salaried person and the self-employed people. The application process of both the loans are very simple and also the repayment mode has been formed keeping in mind the problems that a person faces while repaying back a loan. Identity proof is a must when it comes to availing both these loans. Also the rate of interest in both the loans is very reasonable which is the prime reason why these days people do not hesitate before availing both these loans i.e. personal loans & education loans. Both education loans & personal loans are currently ruling the entire loan market.