answersLogoWhite

0

It is a kind of loan where there is no primary or secondary security or collateral taken by the bank.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What is clean loan Tamil?

"Clean loan" in Tamil can be translated as "சுத்தமான கடன்." Clean loan refers to a loan that is offered by a lender based on the borrower's creditworthiness without the need for any collateral or security.


What is clean loan?

Loan granted by the bank without accepting any security is called a clean loan. But the bank will safegaurd themselves by checking the repaying capacity based on the salary cerificate.


What is a fully disbursed loan?

Disbursed loan mean unsettled loan...........


What does account duration mean in a loan?

what does account durration mean when getting a loan


What does it mean to amortize a loan?

bring a loan to an end


Learners permit insurance loan?

Do not know what you mean by 'insurance loan'?


Do you have to continue paying a car loan if you receive a clean title with no lien holders?

no


Does your criminal record effect getting a small business loan?

If a person has a criminal history, getting a small business loan can be problematic. A clean record is a good sign, but it is no guarantee of garnering a loan.


What does it mean to have a loan withdrawn?

Denied a loan; or depending upon the wording, borrowing on a loan...such as revolving credit...a credit advance.


What does conditional loan approval mean?

i do no


What happens if you have a clean title and loan is secured can finance company still repossess?

Maybe


What does it mean to have a guarantor on an auto loan?

A cosigner- someone who agreesto pay the loan if you default