
starfinancial.co.in
STAR FINANCIALThis is a loan where borrower promises some asset as security. Few types of secured loans are explained here:. Mortgage loan also known as home loans are borrowed by many individuals to buy their dream home. The financial institution is given security until the loan amount is paid off. If the borrower fails to pay back the money then the bank or any lender will take back the house and sell it.
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