Rohan has taken a loan of Rs.5 lakhs from the bank to purchase a house on 12% rate of interest. He has to submit papers of new house and salary record to the bank. What is this process called as?
Rohit Sharma February 15, 2023
Question : Rohan has taken a loan of Rs.5 lakhs from the bank to purchase a house on 12% rate of interest. He has to submit papers of new house and salary record to the bank. What is this process called as?
These are the options for the question :
A. Interest Rate
B. Collateral
C. Principal Amount
D. Instalments
