How to study the way of raising a loan to by a car or house for example bank loan or purchase a refrigerator or a television set through hire purchase
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For hiring a loan u must first have a account in a bank. Then u must have some balance. Then by giving the collateral u could get the loan from the same bank. U would be given a particular period in which u have to do installments and then u can buy the product for which u took loan. Then pay the installments on time and u also have to pay back rate of interest with the money u borrowed.
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