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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The Sudanese advisor details the types of loans.. What about the repayment mechanism?

    Rocky
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    loans - The Sudanese advisor details the types of loans.. What about the repayment mechanism? Empty The Sudanese advisor details the types of loans.. What about the repayment mechanism?

    Post by Rocky Tue 09 Jan 2024, 6:51 am

    The Sudanese advisor details the types of loans.. What about the repayment mechanism?

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    Economy News - Baghdad
     
    [rtl]Today, Tuesday, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed the types of loans granted to citizens and companies, while explaining the repayment mechanism for each loan.[/rtl]
    [rtl]Saleh told the official agency, followed by Al-Iqtisad News, that “a loan is an amount of money borrowed by an individual or company from banks or financial institutions, in order to manage planned events financially, and thus the borrower bears a debt and must repay it with interest within a certain period of time.” .[/rtl]
     
    [rtl]He pointed out that "banking applications appear within the scope of granting loans. The subject of the so-called (term loan) is a cash loan that is usually repaid in regular payments over a specific period of time. Loans usually last between one and ten years, but they may continue for a period of time." Up to 30 years in some countries.[/rtl]
     
    [rtl]He added, "The term loan usually includes an unstable interest rate (also known as floating), which may add an additional balance to be repaid," noting that "economic life includes financial deficit units willing to invest that borrow from surplus units, who are the depositors in return." Interest paid by the borrower to finance an investment project or a specific economic activity in the fields of housing, industry, trade, agriculture, or services. This is what is called bank credit, which is the essence of the banking process.[/rtl]


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