What are the terms of loan?plzz ans. it fast... – InterviewSolution

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1.	What are the terms of loan?plzz ans. it fast...
Answer» Hey mate, here is your answer.: -) A TERM loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans USUALLY last between ONE and ten years, but MAY last as long as 30 years in some cases. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid. ..... HOPE it helps to you!!!

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