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.

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