Meaning of the word: Loan
The loan is the commitment that arises between lender and borrower on the basis of the conclusion of the loan agreement. The lender will lend the money to the debtor, the debtor redeems later in regular installments. The loan is a win-win, the borrower gets the funds immediately and the lender earns interest that is added to the regular payments.
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FROM DICTIONARY
APR
APR means Annual Percentage Rate. Is the most important indicator of bank loan. Thanks APR client finds out if the loan is convenient and he also can…
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