Economy, asked by hanzlahqadri, 11 days ago

what is advancing of loans in economics? explain briefly

Answers

Answered by abrhkhsjkhsdkhmdmtkh

1

Answer:

An advancing term loan is similar to other types of term loans, but with an advancing period in which the business only makes interest payments. .. Once the advancing period has passed, the loan becomes a typical term loan with pre-defined monthly principal and interest payments due through the life of the loan.

Answered by ms7866187

1

Answer:

Advancing of loans is the function of bank which means that the bank provides different kinds of loan to the customer at certain interest rate.

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