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प्रश्न
Write short note on:
Long term loans
संक्षेप में उत्तर
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उत्तर
These are the loans provided by the commercial banks to the borrowers for a period of more than 5 years. The rate of interest charged on this kind of loan is the highest as compared to short term and medium term loans. These are taken for the purposes of buying buildings, plants and machinery etc.
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