demand loan (Meaning)

Wordnet

demand loan (n)

a loan that is repayable on demand

No Synonyms and anytonyms found

A demand loan is a type of loan that must be repaid upon demand by the lender.
The bank offered the entrepreneur a demand loan to finance her startup venture.
Demand loans are typically unsecured, meaning they do not require collateral.
The borrower must be prepared to repay the demand loan in full whenever the lender requests it.
Demand loans are commonly used for short-term financing needs or as a line of credit.
The advantage of a demand loan is the flexibility it offers, allowing borrowers to access funds as needed.
Some demand loans come with variable interest rates, meaning the interest rate may fluctuate over time.
Before accepting a demand loan, borrowers should carefully review the terms and conditions, including any fees or penalties for early repayment.
A demand loan can be a useful financial tool for individuals or businesses with irregular cash flow.
The bank reserves the right to call in a demand loan if the borrower fails to meet the agreed-upon repayment terms.

a loan that is repayable on demand

No synonyms found.

No antonyms found.

A demand loan is a type of loan that must be repaid upon demand by the lender.

The bank offered the entrepreneur a demand loan to finance her startup venture.

Demand loans are typically unsecured, meaning they do not require collateral.

The borrower must be prepared to repay the demand loan in full whenever the lender requests it.