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Loan Agreement

   Also found in: Acronyms, Wikipedia 0.01 sec.
Loan Agreement
A contract governing the extension of money from one party to another with the agreement that the money will be repaid. A loan agreement states the interest rate, the repayment period, the collateral (if any) and any special terms.


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The first loan agreement is related to time deposit of US$200 million that Saudi Arabia would keep in State Bank of Pakistan.
Although your original loan agreement may spell out a repayment plan for you, there are ways to negotiate or modify the agreement to help save you money ?
The loan agreement deceptively contains a clause that the interest rates are subject to RBI or bank head office directives.
 
 
 
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