Answer :

Collateral security, interest rate, income certificate of the party, and many other documents as specified by the bank are the requirements for enhancing loan. Collateral is an important requirement for the loan. Collateral is an asset that borrower owns. The collateral can be anything that has monetary value in it. The lender uses that collateral as a guarantee for that which borrower will repay the amount in future.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Explain the diffeRajasthan Board Social Science

What are self- heRajasthan Board Social Science

Extend the functiRajasthan Board Social Science

Write an article Rajasthan Board Social Science

What is the role Rajasthan Board Social Science

Explain the moneyRajasthan Board Social Science

Explain the main Rajasthan Board Social Science

Who is the countrRajasthan Board Social Science

Who is the financRajasthan Board Social Science

Which notes are mRajasthan Board Social Science