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प्रश्न
Explain, why the banks do not lend credit to certain borrowers.
उत्तर
- Banks require proper documents and collateral as security against loans before sanctioning the loan; however, some people fail to meet these requirements.
- Banks require proper documents and collateral as security against loans before sanctioning the loan. however, some people fail to meet these requirements.
- Banks may refuse to lend to entrepreneurs who want to invest in high-risk businesses.
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संबंधित प्रश्न
Which one of the following is NOT an informal sector loans for poor rural household in India?
Farmers usually take crop loans at the beginning of the season and repay the loan after ______.
Interest rate, security and documentation requirement, and the mode of repayment together comprise what is called the ______.
Most of the informal lenders charge ______.
The difference between what is charged from borrowers and what is paid to depositors is ______.
An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment is called ______.
Why do most of the rural households still remain dependent on the informal sources of credit? Explain.
How do Self Help Groups help borrowers to overcome the problem of lack of collateral? Explain.
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A House Loan Megha has taken a loan of 75 lakhs from the bank to purchase a house. The annual interest rate on the loan is 12 percent and the loan is to be repaid in 10 years in monthly instalments. Megha had to submit to the bank, documents showing her employment records and salary before the bank agreed to give her the loan. The bank retained as collateral the papers of the new house, which will be returned to Megha only when she repays the entire loan with interest. |
- From which source of credit Megha has taken loan?
- Explain the terms of credit given in the source.
Explain any three terms of Credit.
