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You may have heard of two types of debt: good debt and bad debt. “Good” debt is money owed for things that can help build wealth or increase income over time, such as B. Student loans, mortgages, or business loans. “Bad debt” refers to things like credit cards or other consumer debt that do little …
The recovery mechanism is a process of implementing the recovery procedures and mechanisms necessary to restore financial assets in the event that the borrower does not repay them. An APN, as explained above, is an asset that no longer generates income and income which, if not handled properly and in a timely manner, can cause …
A home is everyone’s dream and to own a home it takes years to plan and get into a position where you can think of borrowing money from Bank/NBFC or friends and relatives.When you think to borrow a loan from a financial institution, there are lot of factors that determine your eligibility for the amount …
A loan means borrowing money to fulfill the dream or urgent requirements. In the process the borrower has to pay an interest along with the principal and the repayment is done over a number of years. Loan can be treated as a bridge between your requirement and your current inability to fulfill it on your …