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Lease – That is a authorized contract which enables a consumer to utilize some asset like a vehicle for payment. The asset needs to be returned as soon as the lease phrase finishes.
“My existence has improved right after I took the loan, I used to be capable to trust in myself yet again, and return to finish my scientific tests, and enable my relatives with residing bills.”
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Secured loan – It is a loan where the borrower will pledge his asset just like a vehicle or dwelling that can be bought if he is unable to pay back again the loan.
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