Economy, asked by vishal8416, 3 months ago

What are the different types of borrowings on the basis of time period?

Answers

Answered by LiteCoral

1

Explanation:

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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