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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1472 |
Essay's paper body
different rate of interest for the giver (usually lower) and taker (usually higher).
Such a system ensured that any loan is duly verified and its safety assured, since the burden of loan will always be on the banks.
So far so good.
Now we shall try to analyse the new multiphasic systems adopted by the Banks, partially as told early, American and western European banks...
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As a security foe such housing loans they are allowed to keep as security those houses that they propose to buy by this particular loan.
Now under conventional system the banks would have verified the necessary documents and grant the loan for a predetermined period. As a natural result of this action the bank would get back their money over a long period of time, i...
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