Based on the loan details and payment schedule below, what type of loan is it?
eska answer kiya hai
Answers
Explanation:
What is the calculator about?
The personal loan calculator helps one calculate the equated monthly instalments (EMIs) that has to be paid to the lender every month till the loan is fully paid.
The EMI is based on the personal loan amount, the tenure, and interest rate. On a given personal loan amount, interest rate and for a specific duration, the calculator will let you know how much EMI you have to pay.
Explanation:
There are 4 main types of personal loans available, each of which has their own pros and cons.
Unsecured Personal Loans. Unsecured personal loans are offered without any collateral. ...
Secured Personal Loans. Secured personal loans are backed by collateral. ...
Fixed-Rate Loans. ...
Variable-Rate Loans. don't forget to Mark me as brainlest plz..