Question

Different types of loans and their rate of interests

Answer 1

There are 4 Types of loans 1) call loan These loans are granted between commercial banks or to stock brokers for a period between 7 - 15 Days . Rate of interest is very low 2) Short term loans - These loans are provided by commercial banks for a period of not more than two years. The rate of interest is more than call loans. 3) Medium term loans - )these are provided by banks for a periodbetween