Social Sciences, asked by Theprodude2500, 8 months ago

What are the terms and conditions of money lendors to lend money

Answers

Answered by Anonymous
5

Answer

the money lenders ask for collateral and documentation, mode of repayment has to be specified, amount of interest charged, late fees, penalties....

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Answered by pkyyadav432
1

Answer:

most of the terms and conditions are standard forced amount of money borrowed interest is charged the repayment plan Collateral late fees penalties for default but there are other reason that loan agreements are useful in loan Agreement is true that the money involved was alone not a gift

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