1.

What sort of loans are more in your area? (Refer the paragrph from text book under the header ‘Types of Loans’)

Answer»

The COMMON loans  that people go for and are offered  in my area are salary loans.Explanation:This is because in the esatate I come from, majority of the population are the middle class.Most of them have got jobs in town which are permanent, this jobs are the factor that MAKES the salary loans common.This is because they earn salaries that act as security for their LOAN repayment.This INVOLVES commiting part of your FUTURE salries to paying the bank loans.



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