how do Indian Bank control the loan?
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HERE IS YOUR ANSWER
⚫BANKS ARE THE PLACE FROM WHERE WE CAN DEPOSIT OR WITHDRAW OUR MONEY.
⚫NOW,BANK PROVIDES LOAN TO THE NEEDY.IT GIVES THE REQUIRED SUM OF MONEY,BUT CHARGE INTEREST ON IT.
⚫FOR LOAN TO BE SANCTIONED,THERE ARE SOME TERMS,WHICH ARE COMMONLY KNOWN AS "TERMS OF CREDIT" including ➡
Collateral
Documentation
Mode of Repayment
After given conditions are done,banks provide loan to borrower.
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