Question

      Which of the following types of loans are used by

    the customers to finance their houses?
    A Credit Card Loans Correct Answer Incorrect Answer
    B Auto loans Correct Answer Incorrect Answer
    C Business Loans Correct Answer Incorrect Answer
    D Mortgage Loans Correct Answer Incorrect Answer
    E Land loans Correct Answer Incorrect Answer

    Solution

    Home loans are sanctioned against mortgaging the property in favor of the bank and they are called mortgage loans.

    Practice Next