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there are 4 types of loans what are they describe them

Sagot :

1.long-term loans
2.short-term loans
3.lines of credit
4.alternative financing

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Four types of loan include -

Secured loan - loan secured against a collateral

Unsecured loan - no collateral

demand loans - loans with a floating rate of interest and flexible repayment dates, generally short term

subsidized loans - loans reduced by an amount of subsidy

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