People borrow money for a variety of reasons such as purchasing large items like vehicles or property, consolidating higher interest debts, or covering unexpected expenses. In the document's country, people typically borrow money from banks by applying for loans and paying interest on the principal amount over an agreed upon term, though some loans can be paid off early with a penalty fee. Common loan types discussed include personal loans which can be used flexibly, and auto loans specifically for vehicle purchases.

1. Loans
Book 2 Unit 2

2. Book-II Unit-2
1 Translation text
2 Exercise-2
3 Exercise-3
4 Exercise-4
5 Exercise-5
6 Exercise-7
7 Exercise-6
8 Exercise-8
9 Exercise-9
10 Team play

3. What are some reasons people
borrow money?

4. How do people borrow money in
your country?

5. New words
• Personal loan-Хэрэглээний зээл
• Signature-Гарын үсэг
• Credit score-зээлийн дүн
• Current rate-одоогийн ханш
• Lender-зээлдүүдэгч
• Borrower-зээлдэгч
• Penalty-торгууль
• Term-хугацаа
• Depending- хамаарах% шалтгаалах
• Principal- зарчим

6. Exercise-2
Loan type
Restrictions on
use
Term
Personal loan
Auto loan

7. Exercise-3
• We can lend you an amount of money to
purchase anything you want with just
your signature.
• Customers may make a request for a loan
by contacting a member services officer.
• The local bank offered him an amount of
money to borrow at a very reasonable
rate.

8. • Jack paid a fee for paying the
remaining balance of his loan off
before it was due.
• We will need to get an amount of
money to use toward the purchase of
a new vehicle.
• The bank charged Wendy a sum of
money for requesting to borrow
money from them.

9. 1.Personal loan
2.Apply
3.Loan
4.Early payoff penalty
5.Auto loan
6.Application fee

10. Exercise-4
A lender Borrower
A closing cost principal
A term financing

11. Exercise-5
• How many years does a borrower
have to pay off a personal loan?

12. Exercise-7
1. The principal is
2. plus interest
3. how long
4. early payoff penalty
5. pay off
6. signature

13. Exercise-6