Economy, asked by prasanna7797, 1 year ago

Different types of loans provided by commercial banks

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Answered by Anonymous

3

1:-Line-of-credit loans. The most useful type of loan for small-business owners is the line-of-credit loan. ...

2:-Installment loans. These loans are paid back with equal monthly payments covering both principal and interest. ...

3:-Balloon loans. ...

4:-Interim loans. ...

5:-Secured and unsecured loans. ...

6:-Letter of credit. ...

7:-Other loans.

Answered by Anonymous

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