Question

Q17. In loan concept there are two parties
involved, one is called Borrower &
another is called
O Member
O Landlord
O Lender
O Tenant​

Answer 1

Answer:

can I leave and than again join

Answer 2

Answer:

O Member is the Correct Answer

Explanation:

A loan is when the money is given to another party in exchange for repayment of the loan principal amount plus interest. Loan terms are agreed to by each party before any money is advanced. A loan may be secured by collateral such as a mortgage or it may be unsecured such as a credit card.

Types of Loans

1) Home loan

2) Loan against property (LAP)

3) Loans against insurance policies

4) Gold loans

5) Loans against mutual funds and shares

6) Loans against fixed deposits

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