What are the different types of loans?
Dec 27, 2021
According to the RBI, banks have written off over Rs 2 lakh crore of bad loans in the fiscal ended March 2021. Find out more about the types of loans and when they are categorized as bad
People borrow money for various reasons. It could be to expand their business, to fund higher education, to buy a home or car, to get a ring for their girlfriend or wife.
Loans generally fall into two categories, secured and unsecured. Let us first understand what a secure loan is.
Secured loans are those for which a borrower keeps some…read more