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On what term did sawita get a loan from tajpal singh?would sawita coundition be different if she could get a loan from the bank at a low rate of interest ?
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On what term did sawita get a loan from tajpal singh?would sawita coun...
Loan Term and Condition
Sawita got a loan from Tajpal Singh on the basis of a promissory note. The loan term and condition were mutually agreed upon by Sawita and Tajpal Singh. The loan term included the repayment period, interest rate, and any other applicable fees.
Bank Loan Condition
If Sawita could get a loan from the bank at a low rate of interest, her condition would be different. The bank loan conditions would include:
1. Creditworthiness: Sawita's creditworthiness would be assessed by the bank, which would determine if she is eligible for a loan.
2. Interest Rate: The bank would provide a lower interest rate than Tajpal Singh, which would save Sawita money.
3. Loan Term: Banks offer longer loan terms, which provide more time for repayment.
4. Collateral: The bank may require collateral for a loan, which Tajpal Singh did not.
Conclusion
In conclusion, if Sawita could have obtained a loan from the bank at a lower interest rate, her conditions would have been different. The bank would have provided a more favorable loan term, which would have saved her money and provided her with more time to repay the loan.
Sawita got a loan from Tajpal Singh on the basis of a promissory note. The loan term and condition were mutually agreed upon by Sawita and Tajpal Singh. The loan term included the repayment period, interest rate, and any other applicable fees.
Bank Loan Condition
If Sawita could get a loan from the bank at a low rate of interest, her condition would be different. The bank loan conditions would include:
1. Creditworthiness: Sawita's creditworthiness would be assessed by the bank, which would determine if she is eligible for a loan.
2. Interest Rate: The bank would provide a lower interest rate than Tajpal Singh, which would save Sawita money.
3. Loan Term: Banks offer longer loan terms, which provide more time for repayment.
4. Collateral: The bank may require collateral for a loan, which Tajpal Singh did not.
Conclusion
In conclusion, if Sawita could have obtained a loan from the bank at a lower interest rate, her conditions would have been different. The bank would have provided a more favorable loan term, which would have saved her money and provided her with more time to repay the loan.
Community Answer
On what term did sawita get a loan from tajpal singh?would sawita coun...
Tejpal Singh agrees to give Savita the loan at an interest rate of 24% for 4 months which is a very high interest rate Savita also has to promise to work on his field as a Farm labourer during the harvest season at rupees 35 p e r d a y as you can see this w a g e is quite low Savita knows that she will have to work very how to complete the harvesting on her own field and then work is a farm labourer for Tejpal Singh the harvest time is a very busy time as a mother 3 children she has a lot of household responsibilities Savita agrees to t h e s e tough conditions as she knows getting a loan is difficult for small farmers savita's condition would have been different f she could get a loan from the bank because the rate of interest w o u l d have been much lower than the rate charged by the moneylender or the large farmers.
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On what term did sawita get a loan from tajpal singh?would sawita coundition be different if she could get a loan from the bank at a low rate of interest ??
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On what term did sawita get a loan from tajpal singh?would sawita coundition be different if she could get a loan from the bank at a low rate of interest ?? for Class 9 2024 is part of Class 9 preparation. The Question and answers have been prepared according to the Class 9 exam syllabus. Information about On what term did sawita get a loan from tajpal singh?would sawita coundition be different if she could get a loan from the bank at a low rate of interest ?? covers all topics & solutions for Class 9 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On what term did sawita get a loan from tajpal singh?would sawita coundition be different if she could get a loan from the bank at a low rate of interest ??.
On what term did sawita get a loan from tajpal singh?would sawita coundition be different if she could get a loan from the bank at a low rate of interest ?? for Class 9 2024 is part of Class 9 preparation. The Question and answers have been prepared according to the Class 9 exam syllabus. Information about On what term did sawita get a loan from tajpal singh?would sawita coundition be different if she could get a loan from the bank at a low rate of interest ?? covers all topics & solutions for Class 9 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On what term did sawita get a loan from tajpal singh?would sawita coundition be different if she could get a loan from the bank at a low rate of interest ??.
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