English, asked by kumararvind8660, 1 month ago

some time lendars demand agaist loan​

Answers

Answered by Diamonds897
0

Answer:

Bank ask for collateral while giving a loan because of the following reasons: If the borrower fails to repay the loan, the lender has the right to sell the asset or collateral to obtain payment. Reduction of exposure in order to do more business with each other when credit limits are under pressure.

Explanation:

hope it was helpful

Answered by llNehaII
47
  • Bank ask for collateral while giving a loan because of the following reasons: If the borrower fails to repay the loan, the lender has the right to sell the asset or collateral to obtain payment. Reduction of exposure in order to do more business with each other when credit limits are under pressure.

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