In which type of credit does the bank allow you to borrow money up to a specific amount

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asked May 11, 2020 154k views

2 Answers

Noamiko · Answer 1 · 2020-05-14T01:04:08+0000

Answer:

Term loan, which is defined by a specific amount, tenor (that may vary from 1-10 years) and a specified repayment schedule. These loans could be secured (usually for higher risk borrowers) or unsecured (for investment-grade borrowers), and are generally at floating rates.

In which type of credit does the bank allow you to borrow money up to a specific amount

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