What is the source of banks to extend loan to the borrower ?
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This measure was taken by the central bank to provide some relief against the covid-induced financial crisis. The extension of the three-month EMI moratorium on repayment of term loans means that borrowers will not have to pay their loan EMI instalments during such period as prescribed by the RBI.
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A lender is an individual, a public or private group, or a financial institution that makes funds available to a person or business with the expectation that the funds will be repaid. Repayment will include the payment of any interest or fees.1 Repayment may occur in increments, as in a monthly mortgage payment (one of the largest loans consumers take out is a mortgage) or as a lump sum. KEY TAKEAWAYS
A lender is an individual, a public or private group, or a financial institution that makes funds available to a person or business with the expectation that the funds will be repaid.
Repayment will include the payment of any interest or fees.
Repayment may occur in increments (as in a monthly mortgage payment) or as a lump sum.
A lender is an individual, a public or private group, or a financial institution that makes funds available to a person or business with the expectation that the funds will be repaid.
Repayment will include the payment of any interest or fees.
Repayment may occur in increments (as in a monthly mortgage payment) or as a lump sum.
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