The bank and financial institution sets credit limits, terms and conditions. The borrower needs to provide a written acceptance of these terms in the form of a loan application.
The main principle of bank lending is that the lenders must timely disburse the loan amount in the borrower’s loan accounts. The borrower must repay the loan amount and the interest in the form of monthly EMI.
Banks usually follow the following principles of lending:
Liquidity
Safety
Diversity
Stability
Profitability
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What are the principles of bank lending?
Swapnagandha kale
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3 Year
2022-12-05T11:07:03+00:00 2022-12-14T12:17:30+00:00Comment
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