What is a loan? It is a question that gets asked the most
often at any financial gathering. Well, the answer to that is, a loan is an
amount of money that is lent to someone for a certain amount of time and to be
paid back with a percentage of interest added to it.
Source: https://tablo.io/ron-jimson/what-is-an-instalment-loan-and-how-they-work
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