Question:
State two advantages and two limitations of bank loans.
State two advantages and two limitations of bank loans.
Updated On: Jan 13, 2026
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Solution and Explanation
Advantages:
- Access to Funds: Provides necessary funds for personal or business purposes.
- Lower Interest Rates: Loans typically have lower interest rates compared to other financing options.
Limitations:
- Repayment Burden: Fixed monthly repayments can strain finances.
- Collateral Requirement: Most loans require collateral, which might not be available to everyone.
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