Question

Q 13. Rakesh has taken a loan of 20 lakhs from the bank to purchase a house. The loan is to be repaid in
5 years in monthly installments. The bank retained the papers of the new house as collateral, which will
be returned to Rakesh only when he repays the entire loan
Analyse the loan information given above: considering one of the terms of credit is missing. Choose the
correct option
(a) Mode of re-payment
(b) Time
(c) Interest on loan
(d) Collateral Type​

Answer 1

Answer:

international news education news entertainment news sports news technology news Persol development tips Life style news women news