Bank loan contract

Bank loan contract – in most legal systems, the bank loan contract is a type of agreement, signed between the bank, on one hand (the lender) and the client (the borrower), who needs to receive cash money for temporary usage, on the other. Usually the banks give credits against interest in the region of several percentages, as stipulated in the credit loan contract. This is how they make profit – from the amount of the interest refunded together with the principal.

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