Physics · Banking and Finance
A feature of Personal Loans that benefits the borrower, in contrast to a secured loan, is its:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Exemption from Credit Information Company checks.
- 2Very long repayment tenor (e.g., 30 years).
- 3Flexibility of end-use (the purpose for which the funds are used).✓
- 4Requirement for a mandatory collateral deposit.
Correct answer
Flexibility of end-use (the purpose for which the funds are used).
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