1.

Distinguish between: Call loans and long term loans

Answer»
BasisCall loansLong term loans
Time-They are provided for a periodThey are provided for a period
periodof 7-15 daysof more than 5 years.
Interest rate chargedThey charge lowest interest rates.They charge highest interest rates.
UsersThey are mostly availed to by bill-brokers and stock brokers.They are mostly availed by big private companies and PSU companies.
Recall of loanThese loans can be recalled by the banks at any time from the borrower.These loans can be recalled only after giving a prior notice to the borrower.


Discussion

No Comment Found

Related InterviewSolutions