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.
Related Videos
Cube and CuboidCube and CuboidCube and Cuboid41 mins
History - Concept and QuestionsHistory - Concept and QuestionsHistory - Concept and Questions57 mins
Resources and Development RevisionResources and Development RevisionResources and Development Revision28 mins
Heights and Distances-IHeights and Distances-IHeights and Distances-I45 mins
Sphere and HemisphereSphere and HemisphereSphere and Hemisphere16 mins
Right Circular Cone And FrustumRight Circular Cone And FrustumRight Circular Cone And Frustum43 mins
Corrosion: Types, Pros and ConsCorrosion: Types, Pros and ConsCorrosion: Types, Pros and Cons41 mins
Right Circular CylinderRight Circular CylinderRight Circular Cylinder45 mins
Revision on Substitution and  Elimination MethodRevision on Substitution and  Elimination MethodRevision on Substitution and Elimination Method44 mins
Economics - Concept and QuestionsEconomics - Concept and QuestionsEconomics - Concept and Questions59 mins
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