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If you get a personal loan, and the bank asks for something to guarantee the loan, the bank is asking for what? insurance collateral up front money down payment

If you get a personal loan, and the bank asks for something to guarantee the loan, the bank is asking for what? insurance collateral up front money down payment
asked 18.7k views
4 votes
If you get a personal loan, and the bank asks for something to guarantee the loan, the bank is asking for what?

insurance
collateral
up front money
down payment

asked
User Asolovyov
by
8.1k points

2 Answers

2 votes
The answer will be =Down payment
answered
User Galil
by
8.2k points
2 votes

The right answer is collateral, I know because I took the test a couple days ago.

answered
User Owen Mathews
by
8.4k points
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