. Method of repayment of loan is called
(a) mode of payment (b) method of payment
(c) mode of repayment (d) none of these
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mode of repayment
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(c) Mode of repayment
Repayment is the demonstration of taking care of cash recently acquired from a loan specialist. The chief alludes to the first amount of cash acquired in a credit. Premium is the charge for the honor of acquiring cash; a borrower should pay revenue for the capacity to utilize the assets delivered to them through credit. Credits can ordinarily additionally be completely paid in a singular amount, however a few agreements might incorporate an early repayment charge.
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