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Why are terms and conditions like interest rate, time period, guarantee, mortgage etc necessary for giving a loan? Explain with anexample for each condition.​

Answer» <html><body><p>TION:Loan terminology glossary The terms and definitions that follow are meant to give simple, informal meaning for words and phrases you may see on our Web site that may not be <a href="https://interviewquestions.tuteehub.com/tag/familiar-983426" style="font-weight:bold;" target="_blank" title="Click to know more about FAMILIAR">FAMILIAR</a> to you. The <a href="https://interviewquestions.tuteehub.com/tag/specific-1220917" style="font-weight:bold;" target="_blank" title="Click to know more about SPECIFIC">SPECIFIC</a> meaning of a term or phrase will depend on where and how it is used, because the relevant documents, including signed agreements, customer disclosures, internal Program <a href="https://interviewquestions.tuteehub.com/tag/policy-602125" style="font-weight:bold;" target="_blank" title="Click to know more about POLICY">POLICY</a> manuals and industry usage, will control meaning in a particular context. The terms and definitions that follow have no binding effect for purposes of any contracts or other transactions with us. Your <a href="https://interviewquestions.tuteehub.com/tag/campus-25455" style="font-weight:bold;" target="_blank" title="Click to know more about CAMPUS">CAMPUS</a> Housing Programs Representative or the Office of Loan Programs staff will be happy to answer any specific questions you may ha</p></body></html>


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