New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    In the context of NBFC financing , which of the

    following is an example of secured financing ?
    A Personal loan Correct Answer Incorrect Answer
    B Vehicle loan Correct Answer Incorrect Answer
    C Microfinance loan Correct Answer Incorrect Answer
    D Credit card loan Correct Answer Incorrect Answer
    E All are secured loans Correct Answer Incorrect Answer

    Solution

    A vehicle loan is a type of secured financing where the vehicle itself serves as collateral . In case of default, the NBFC can seize the vehicle to recover the outstanding loan amount.  

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