Economy, asked by archita25032004, 13 days ago

explain the three different types of loan given by commercial bank

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Answered by mayurvishwakarma1118

Answer:

A commercial is that financial institution which accepts deposit from people and offers loan for the purpose of consumption or investment. The different types of loans offered by commercial banks are

1. Term loans

2. Bank overdraft facility

3. Letter of credit

4. Bank guarantee

5. Lease finance

6. Construction equipment loans

7. SME credit cards

8. Commercial vehicle loans

Explanation:

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explain the three different types of loan given by commercial bank​

Answers

explain the three different types of loan given by commercial bank