Question

are the following in the correct sequence (a) application for a lone(b) deposit of a collateral(c) approval of a lone (d) replacment of interest and principal amount​

Answer 1

Answer:

Giving a loan or loaning means lending money from one individual or entity to another. A loan has three components – principal or the borrowed amount, rate of interest and tenure or duration for which the loan is availed. It is one of the primary financial products of any bank or NBFC (Non-Banking Financial Company) offers.

Explanation:

Giving a loan or loaning means lending money from one individual or entity to another. A loan has three components – principal or the borrowed amount, rate of interest and tenure or duration for which the loan is availed. It is one of the primary financial products of any bank or NBFC (Non-Banking Financial Company) offers.