Question

Name the types of loans given by banks​

Answer 1

Answer:

1. Personal Loans: Most banks offer personal loans to their customers and the money can be used for any expense like paying a bill or purchasing a new television. ...
2. Credit Card Loans: ...
3. Home Loans: ...
4. Car Loans: ...
5. Two-Wheeler Loans: ...
6. Small Business Loans: ...
7. Payday Loans: ...
8. Cash Advances:

Explanation:

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Answer 2

There are 4 main types of personal loans available, each of which has their own pros and cons.

Unsecured Personal Loans. Unsecured personal loans are offered without any collateral. ...

Secured Personal Loans. Secured personal loans are backed by collateral. ...

Fixed-Rate Loans. ...

Variable-Rate Loans.

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