Very simple curiosity – The desire is computed on The idea of superb assuming that some portions continue to be nonetheless unpaid.

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Secured bank loan – This is the mortgage where by the borrower will pledge his asset like a motor vehicle or house that may be bought if he is not able to shell out again the loan.

Credit card – That is a card issued with the bank in an effort to make payments for buys. The superb harmony is topic to interest.

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