Transcribed Image Text
Instalment loans require the periodic payment of principal andinterest. In most cases, a customer borrows to purchase durablegoods or cover extraordinary expenses and agrees to repay the loanin monthly instalments. Explain the following types of instalmentloans in terms of their features and their risks:5. 1. Credit cards 5. 2. Smart card 5. 3. Mortgage loans
Other questions asked by students
Medical Sciences