1.

Write any two features of proving loan by bank at fixed rate of interest.

Answer»

When the rate of interest applied to a loan remains constant and unchanged from the beginning till the maturity of the loan it is called “Fixed Rate of Interest‟.

Interest rate remains fixed irrespective of market conditions.

The borrower or the depositor has peace of mind.

The uncertainty is removed, Thus it brings a sense of Certainty and security.



Discussion

No Comment Found

Related InterviewSolutions