Examples of debt include loans for a new kitchen, car, house, or education, as well as credit cards used to spread out the expense of large expenditures or raise your credit score.
There are nine different kinds of debt.
The interest-free loan is therefore the one that is lacking.
Personal loans with unique terms that enable interest-free borrowing fall under the category of interest-free loans. Depending on how you use the loan, there may be special borrower criteria. The risk is that you can lose the things you used the loan for if you are unable to make payments.
Learn more about interest-free loan: https://brainly.com/question/27236722
#SPJ4
