BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Personal loans
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Credit card overdues
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Temporary overdrafts
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Gold loans
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Detailed explanation-1: -A gold loan is a secured loan wherein the borrower keeps their gold, ranging from 18K to 24K, with a bank or a financial institution as security and avails capital against it.
Detailed explanation-2: -1. Home loan. Home loans are a secured mode of finance that give you the funds to buy or build the home of your choice.
Detailed explanation-3: -Gold loan (also called loan against gold) is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral.
Detailed explanation-4: -A secured loan is a loan backed by collateral. The most common types of secured loans are mortgages and car loans, and in the case of these loans, the collateral is your home or car. But really, collateral can be any kind of financial asset you own.