explain different types of advancing loan
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the bank advance loan of the following types :
1.cash credit ,Underthis borrower is allowed to withdraw a specific amount on the basis of specific security .
2.the customer who maintain a current account with this bank takes permission from the bank to overdraft more amount than deposit in his account .
3.term loan are provided by the bank to their customer for a fixed period to purchase machinery drug scooter house is etc.
4.demand loans are provided by bank against the security of fixed deposit receipts Government Security life insurance policy ,etc.
1.cash credit ,Underthis borrower is allowed to withdraw a specific amount on the basis of specific security .
2.the customer who maintain a current account with this bank takes permission from the bank to overdraft more amount than deposit in his account .
3.term loan are provided by the bank to their customer for a fixed period to purchase machinery drug scooter house is etc.
4.demand loans are provided by bank against the security of fixed deposit receipts Government Security life insurance policy ,etc.
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