Debit card – This can be a card issued by a lender or Several other economic institution and often useful for purchases. The purchase is deducted straight from a checking account.
Co-signer – A person who willfully signals a loan agreement While using the borrower and partly assumes accountability of repayment of the loan.
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House loan loan – This is certainly used to purchase a bit of real estate. Right here the assets is in fact the security for this loan.
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Secured loan – This can be a loan where by the borrower will pledge his asset just like a motor vehicle or residence which will be offered if He's unable to pay out back again the loan.
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