1.

Distinguish between Unsecured loan and Secured loan?

Answer»
Secured LoanUnsecured Loan
Loan against collateral / SecurityLoan against individual credit rating
Interest rate are lower than unsecured loanInterest rate are higher than secured loan
Loan are available for a long tenureLoan are available for a fixed period
Borrowing limits are higher than unsecured loanBorrowing limits are lower than unsecured loan



Discussion

No Comment Found

Related InterviewSolutions