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Frederick wants to buy a car, but doesn't have enough money. What is it called when he borrows money from the bank?

Frederick wants to buy a car, but doesn't have enough money. What is it called when he borrows money from the bank?
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1 vote
Frederick wants to buy a car, but doesn't have enough money. What is it called when he borrows money from the bank?

User Mcanti
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2 Answers

5 votes
It’s called a loan when you borrow money from the bank
User Kalianey
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4 votes

Answer:

The answer is Personal loans or Installment loans.

User Ewald Hofman
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