Write about different sections of people who take loans and advances f – InterviewSolution

1.	Write about different sections of people who take loans and advances from the bank
Answer» MONEY provided by the bank to entities for FULFILLING their short TERM requirements is KNOWN as Advances. Loan is a kind of debt while Advances are credit facility granted to customers by banks. ... Loans can be SECURED or unsecured whereas Advances are generally secured by asset or by guarantee from a surety.

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