Question

what are the terms of credit required for loan​

Answer 1

documents(colletral)

intrest rate

time period

principal amount

varies greatly from one loan to other this are known as terms of credit(loan)

Answer 2

Hey buddy here is ur answer !!

》Terms of credit are required so that the borrower knows the conditions to take the loan.

》The collateral, in the form of security or guarantee, is given to the lender until the loan is repaid.

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