name different types of loans? how has digitalisation helped banks and consumers?

Question

Accepted Answer

Types of loans include personal, home, auto, student, and business loans. Digitalisation has made banking more convenient and accessible for consumers.

Personal loans are unsecured loans for personal expenses
Home loans are used to purchase or refinance a home
Auto loans are used to purchase a vehicle
Student loans are used to pay for education expenses
Business loans are used to finance business operations
Digitalisation has allowed for online banking, mobile banking, and digital payments
Consumers can access their accounts and make transactions from anywhere at any time
Banks can offer more personalized and efficient services through digital channels
Digitalisation has also led to the development of new financial products and services

name different types of loans? how has digitalisation helped banks and consumers?

Top HDFC Bank Summer Intern interview questions & answers

Popular interview questions of Summer Intern

Top HR questions asked in HDFC Bank Summer Intern