Accountancy, asked by ques1, 1 year ago

exampy of secured loan

Answers

Answered by dikshaverma4you
6
Secured loans means availing loans from formal sectors as from here the borrower faces no problem and also the person providing loan has no right to sell the borrower's commodity. The person has no burden and can return his loan in next 2-3 years. Example are ----> Loan from banks and cooperatives.

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