FINANCE AND LOANS IN PRAKASAM

FAQ's: FREQUENTLY ASKED QUESTIONS

What is Finance?

Finance refers to management of money, asset and investments. It involves activities as budgeting, saving, investing, borrowing, and lending to achieve the financial goals and financial resources.

What are Loans?

Loans are financial arrangements a lender provides a certain amount of money borrower with expetations that will be paid back usually with interest, over a specied period of time.

What are differences between Secured and unsecured Loans?

Secured Loans are required collateral, such as Car and House, the lender can seize if the borrower repay the loan. Unsecured Loans do not require Collateral are based on solely borrower Worthiness. Secured Loans generally low Interest compare with Unsecured Loans.