Commercial Loan?

Commercial Loan?
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1 Answer

Answer :

A loan provided to a business by a financial institution such as a bank or a lending company like Lendingkart is known as a commercial loan. It is used to cover capital expenses or operational costs, which the company otherwise wouldn’t be able to afford.
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Bank rate is that rate on which - (1) Any bank lends money to an individual (2) State Bank of India gives loan to the rural banks (3) Central Bank of Country lends money to the commercial banks (4) Rural bank gives loan to cooperative societies

Description : Bank rate is that rate on which - (1) Any bank lends money to an individual (2) State Bank of India gives loan to the rural banks (3) Central Bank of Country lends money to the commercial banks (4) Rural bank gives loan to cooperative societies

Last Answer : (3) Central Bank of Country lends money to the commercial banks Explanation: Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and ... reserve bank, while the repo rate is the rate at which the banks borrow from the central bank.

Bank rate is that rate on which– (1) Any bank lends money to an individual (2) State Bank of India gives loan to the rural banks (3) Central Bank of Country lends money to the commercial banks (4) Rural bank gives loan to cooperative societies

Description : Bank rate is that rate on which– (1) Any bank lends money to an individual (2) State Bank of India gives loan to the rural banks (3) Central Bank of Country lends money to the commercial banks (4) Rural bank gives loan to cooperative societies

Last Answer : Central Bank of Country lends money to the commercial banks