Economy, asked by Greenarrow13, 1 year ago

What are the terms of loan?plzz ans. it fast...

Answers

Answered by Divyaalia
5
Hey mate, here is your answer.: -)

A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years, but may last as long as 30 years in some cases. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid.
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HOPE it helps to you!!!

Greenarrow13: Thnx a lot
Greenarrow13: Means i hv to write short term medium term nd long term..
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