which of the following is not included in the terms of credit in a bank loan?
(a) The rate of interest
(b) The lender's land
(c) The borrower's land
(d) The time period of the loan
Answers
Explanation:
THE LENDERS LAND
PLEASE MARK AS BRAINLIST HEARTILY
The term Credit refers to an agreement in which the lender provides the borrower with money, goods or services , which is to be returned in future date .
Explanation:
Let us understand the 5 c's of credit in a bank Loan
The first C represent the character- It talks about the applicant's credit history.
The second C is capacity/Ability —It refers to applicant's debt-to-income ratio.In simple words the applicants ability to repay back.
The third C is capital—The amount of money available with applicants in terms of assets.
The fourth C is collateral—The backup asset that acts as security for the loan.
The fifth C is conditions—It refers to interest rates on the loan
So, the answer is (B) Lender's land that is not included in the terms of credit in a bank loan