What is the mode of repayment of Megha’s house loan?
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Repayment is the act of paying back money borrowed from a lender. Repayment terms on a loan are detailed in the loan's agreement which also includes the contracted interest rate. Federal student loans and mortgages are among the most common types of loans individuals end up repaying.
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Answer:
Repayment is the act of paying back money borrowed from a lender. Repayment terms on a loan are detailed in the loan's agreement which also includes the contracted interest rate. Federal student loans and mortgages are among the most common types of loans individuals end up repaying.
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