Loans

If the word consists of two words or it is a compound noun, leave an empty square between those words.

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Across

1. a loan that can be used for any personal reason or purchase

5. a loan to buy a car

6. an asset pledged by a borrower to secure a loan and is subject to seizure if payments are not received

7. a loan where the borrower's house is used as collateral

8. charges associated with obtaining a real estate loan that lower the interest rate

9. a period in which payments are made on a loan

10. fees charged by banks and lenders when loans are signed

Down

2. a penalty for paying off a loan before the term ends

3. to submit a loan application and try to borrow money from a bank

4. a rate expressed as an annual percentage of an amount or loan which is charged by a bank for borrowing its money

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