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What is bank loan

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What is bank loan

    • Posted by Yaser Siddiquee 6 years, 11 months ago

    CBSE > Class 11 > Business Studies
    • 1 answers

    Yaser Siddiquee 6 years, 10 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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