Minal has taken a car loan of Rs. 7 lakhs from the bank at an annual interest rate of 12 per cent to be
repaid in 10 years. She had to submit her employment records and salary before the bank sanctioned the
loan. The bank retained as collateral the papers of the new car.
Mention the terms of credit based on the above information.
Try to answer this.!!
Anonymous:
bolo
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