answer the following given questions.Answer if you know. Answer the questions as correctly the correct answers will be marked as the brainliest answers and the wrong answers will be reported
Answers
2. Personal Loans.
Credit Cards.
Home-Equity Loans.
Home-Equity Lines of Credit.
Credit Card Cash Advances.
Small Business Loans.
3. Collateral is any property or asset that is given by a borrower to a lender in order to secure a loan. It serves as an assurance that the lender will not suffer a significant loss. Securities, on the other hand, refer specifically to financial assets (such as stock shares) that are used as collateral.
4. Following are the advantages of SHG: Members can take loans from the group's savings themselves on a decided rate of interest. The rate of interest is much lower than the interest that is charged by the informal sources. ... Due to SHG, the poor members are able to avail loan even in the absence of collateral.
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