Social Sciences, asked by rishavkumar93155, 7 months ago

people obtain loan from various resource

Answers

Answered by Anonymous

2

⎝⎝⫸⫷ANSWER⫸⫷⎠⎠

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.

Answered by maralsngh

1

Answer:

Some people obtain loan from banks or any other personal loan.

Some of the most common reasons for getting personal loans include home improvement, rent, electricity bills, medical expenses, funding a small business, and travel. Ability to pay over time: A personal loan will allow you to spend a lump sum of money and then pay it back over the course 12-60 months, typically.

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