Business Loan Agreement is a contract between the lender and the borrower. The borrower lends the money from a lender in return for security or promises of repaying the loan. The business loan agreement contains all the logistics details of both parties, including the debt, business, borrower's details, bank details, policies, and promises of giving and repaying the money, etc.
Agreements are compulsory for taking business loans in India.
Why is the Business Loan Agreement Necessary in India?
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