About banking product ? Explain Opp concept?

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Accepted Answer

OPP concept refers to Other People's Money, which is a banking strategy where an individual or business uses borrowed funds to invest or make purchases.

OPP concept involves leveraging borrowed funds to generate profits or increase purchasing power.
It allows individuals or businesses to use someone else's money to make investments or purchases.
The idea is to generate a higher return on investment than the cost of borrowing the funds.
For example, a real estate investor may use OPP concept by taking a mortgage loan to purchase a property and then renting it out to generate rental income.
OPP concept can also be applied in business financing, where companies use loans or credit lines to fund expansion or investment projects.

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About banking product ? Explain Opp concept?

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