LESSON 3 # LOANS #

Comprehension Check
1. Mr.Fanelli needs a loan to buy his new car.(TRUE)
2. A teller gave him the loan.(FALSE)
3. Car loans are personal loans.(FALSE)
4. The tenure of auto loans is three years.(TRUE)
5. Mr.fanelli doesn’t have any charge accounts.(FALSE)

Structure Practice
1. Bill didn’t bought a new car
2. The bank didn’t lend him the money
3. He didn’t told me about it
4. He didn’t made a payment every month
5. He didn’t paid off the loan

Building Sentences
1. What is the interest rate now of effect?
2. Banks lend money to/for businesses and private individuals.
3. you can get a personal loan at/or 15% interest.
4. He’s thinking of/for buying a new car.
5. Did you pay for the hotel room with your charge card?

Building Sentences
1. B.asking
2. B.borrow
3. B.lend
4. A.waiting
5. A.to explain