Deepam Associate Mylapore Chennai

A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time between the lender and the borrower. The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Contact us for more details.