Question

what are tearms of cradits​

Answer 1

Answer:

Hey! Here's your answer:

1) Interest rate- The borrower has to pay a sum of money as interest along with the principal amount.

2) Collateral- It is an asset that the borrower owns and uses this as a guarantee to the lender until the loan is repaid.

3) Documentation- Proper documents of borrowing with all the terms and conditions must be submitted.

4) Mode of repayment - The mode through which the borrower will repay the loan must be clearly mentioned.

Have a great day! ;)

Answer 2

Answer:1) rate of interest

2) collateral

3) mode of repayment

4)documentation requirement.

Explanation: