what are the type of loans?..how are they helpful to us?...
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a loan is the lending of money from one individual, organization or entity to another individual, organization or entity.
Loans are of 2 types -
secured loan and mortgage loans
In some instances, a loan taken out to purchase a new or used car may be secured by the car, in much the same way as a mortgage is secured by housing
Loans are of 2 types -
secured loan and mortgage loans
In some instances, a loan taken out to purchase a new or used car may be secured by the car, in much the same way as a mortgage is secured by housing
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