Question

What forms do personal loans generally come in? Group of answer choices All of these answer...

What forms do personal loans generally come in? Group of answer choices

All of these answer choices are correct.

Installment credit.

Line of credit.

Deposit advances.

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Answer #1

Instalment credit is a kind of credit where the repayment is carried out through a series of instalments bringing down the outstanding balance. This can be for a personal loan

A personal line of credit is a bank loan that is similar to a credit card such that a specific loan amount of money can be used for a purpose.

Deposit advances are loans sanctioned against deposits of the borrower. Typically 90% of the deposit is sanctioned as a loan.

Answer is All of these answer choices are correct.

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