You want to buy a new tablet computer from an electronic store. Loan from your bank would be the least expensive way to finance this purchase.
A loan is a type of debt that a person or other entity incurs. The lender advances the borrower a certain amount of money, typically on behalf of a business, financial institution, or government. The borrower accepts a specific set of terms in return, which may include any financial costs, interest, a repayment schedule, and other requirements.
A loan is a quantity of money that one or more people or businesses obtain from banks or other financial organisations in order to handle their finances in connection with anticipated or unforeseen circumstances. The borrower incurs a debt as a result, which he must repay with interest over a specified amount of time.
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