Question

what is loan and credit​

Answer 1

A credit facility is a type of loan made in a business or corporate finance context, including revolving credit, term loans, committed facilities, letters of credit and most retail credit accounts

Answer 2

♥ Loan :-  It is when money is given to another party in exchange for repayment of the loan principal amount plus interest .

♥ Credit :- It is generally defined as an agreement between a lender and a borrower , who promises to repay it later .