What do you mean by loan or credit
maneeshmadhu02p5xwky:
Credits is the process in which the lender supplies the borrower with money with or without collateral.
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loan means to borrow money for a particular time.
Credit means earning some bonus on savings.
hope this helps u
Credit means earning some bonus on savings.
hope this helps u
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2
Loan-An arrangement in which a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the money, usually along with interest, at some future point(s) in time.
Credit- An arrangement in which a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the money, usually along with interest, at some future point in time.
Credit- An arrangement in which a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the money, usually along with interest, at some future point in time.
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