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Frederick wants to buy a car, but doesn't have enough money. What is it called when he borrows money from the bank?

Frederick wants to buy a car, but doesn't have enough money. What is it called when he borrows money from the bank?
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1 vote
Frederick wants to buy a car, but doesn't have enough money. What is it called when he borrows money from the bank?

asked
User Mcanti
by
8.2k points

2 Answers

5 votes
It’s called a loan when you borrow money from the bank
answered
User Kalianey
by
8.6k points
4 votes

Answer:

The answer is Personal loans or Installment loans.

answered
User Ewald Hofman
by
8.4k points
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