Sainik School Nalanda Interview Questions and Answers

Bank loans are financial products provided by banks to individuals or businesses, where a sum of money is borrowed and must be repaid with interest over a specified period of time.

• Bank loans involve borrowing a sum of money from a bank

• The borrower must repay the loan amount along with interest over a set period

• Different types of bank loans include personal loans, business loans, and mortgages

Credit risk refers to the potential loss that a lender may incur due to a borrower's failure to repay a loan or meet their financial obligations.

• Credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments.

• It is a key factor in determining the interest rate on a loan or credit product.

• Lenders assess credit risk by analyzing the borrower's credit history, income, and other financial factors.

• Examples of credit risk include borrow...read more