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Mention three features of Bank Loans. |
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Answer» Features of Bank Loans: Bank loans have the following characteristics: ⇒ A bank loan may be either secured or unsecured depending upon the circumstances. ⇒ The interest charged by the bank on such a loan may be either at the fixed rate or at variable rate. ⇒ If mortgage loan is to be obtained, the borrower has to pay a number of fees such as title searching fees, application fees, inspection fees, etc. |
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