An apartment or a vehicle are such class of assets that may be used as a collateral for getting a loan from the bank. Therefore, the options A and B hold true.
What is the significance of a bank loan?
A bank loan can be referred to or considered as a loan that is given to the borrowers by the bank on predetermined conditions of repayment that may include the repayment of the borrowed amount along with a fixed rate of interest.
Sometimes, in order to guarantee the security of the lent amount, banks often take vehicles or apartment of the borrower as a collateral, so that any default in repayment will lead to seizure of such collateral assets by the bank.
Therefore, the options A and B holds true regarding the significance of a bank loan.
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