the steps of loan taking. Loan origination can be considered as a specialized version of account opening for the financial services organization. Certain organizations and people hold specialization in loan origination. Well, there are a number of concepts that you need to know about taking the loan. And most importantly, you need to know about the types of loans- viz-personal loans, installment loans ,car loans or other, the steps involved in originating a loan, about various kinds of risk involved in loan taking, about the lender’s policies, and other factors.