RBBL Exam Question - Categorization of Bank Loan as per their Repayment in Time and Duration.

Introduction - Types & Categorize of Bank Loan
A secured advance is an advance in which the borrower promises some advantage (e.g. an auto or property) as guarantee. A home loan advance is an extremely basic sort of advance, utilized by numerous people to buy things. In this course of action, the cash is utilized to buy the property. The budgetary establishment, be that as it may, is given security – a lien on the title to the house – until the point that the home loan is ponied up all required funds.

Unsecured loan are fiscal advances that are not secured against the borrower's benefits. These might be accessible from money related organizations under a wide range of appearances or promoting bundles:

• credit card debt
• personal loans
• bank overdrafts
• credit facilities or lines of credit
• corporate bonds (may be secured or unsecured)
• peer-to-peer lending