Economics · Banking and Finance
A Personal Loan is fundamentally different from a Home Loan or an Auto/Vehicle Loan primarily because a Personal Loan is almost always:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Offered for the longest repayment tenor
- 2Available only for specific productive purposes
- 3Unsecured (without requiring specific collateral)✓
- 4Offered at the lowest interest rate
Correct answer
Unsecured (without requiring specific collateral)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for Economics?
Practice full-length Economics mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking and Finance MCQs →Want more practice questions on Banking and Finance?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Banking and Finance