Write about different sections of people who take loans and advances f – InterviewSolution

1.	Write about different sections of people who take loans and advances from the banks
Answer» ADVANCES. Meaning. FUNDS borrowed by an entity from another entity, repayable after a specific period carrying INTEREST rate is known as Loans. Funds provided by the bank to an entity for a specific purpose, to be repayable after a short duration is known as Advances.

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