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SS1: ECONOMICS - 3RD TERM

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  1. Mining
    3 Topics
    |
    1 Quiz
  2. Financial Institutions I
    7 Topics
    |
    1 Quiz
  3. Financial Institutions II
    5 Topics
    |
    1 Quiz
  4. Financial Institutions III
    5 Topics
    |
    1 Quiz
  5. Business Organisation
    3 Topics
  6. Money
    5 Topics
    |
    1 Quiz
  7. Channels of Distribution I
    5 Topics
    |
    1 Quiz
  8. Channels of Distribution II
    6 Topics
    |
    1 Quiz
  9. Business Finance
    7 Topics
    |
    1 Quiz

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SS1: ECONOMICS – 3RD TERM Financial Institutions II Mortgage Bank | Building Society
Lesson 3, Topic 5
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Mortgage Bank | Building Society

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Topic Content:

  • Meaning of Mortgage Bank/Building Society
  • Evaluation Questions
mortgage bank

A mortgage bank is a financial institution that specialises in granting long-term loans to individuals and corporate bodies for building purposes.

Such loans are repaid in instalments and can be spread over 

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