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| What is a Loan Agreement?
Loan Agreement it's a written statement which proves that the customer has taken a loan out and specifies the terms on how will he be paying back, on how long, the interest and maybe additional fees, collateral or a guarantee.
For example your taking out a loan and signing the loan contract or agreement you accept the terms written in there. Signing your name on the dotted line means that you accept the loan and the terms how you going to pay back and in what time table. | | | | |
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