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What is bank loan

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What is bank loan

Posted by Yaser Siddiquee 5 years, 10 months ago

CBSE > Class 11 > Business Studies

1 answers

Yaser Siddiquee 5 years, 9 months ago

A bank loan provides medium or long-term finance. The bank sets the fixed period over which the loan is provided (e.g. 3, 5 or 10 years), the rate of interest and the timing and amount of repayments.

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Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

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