Giving a Loan and Credit Provision. What are the differences and the similarit

Giving a Loan and Credit Provision. What are the
differences and the similarities of the two?

Question Posted / kunaishe

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Giving a Loan and Credit Provision. What are the differences and the similarities of the two?..

Answer / amol

loan is finance provide to someone but the credit is to give some one on credit basis. Credit is depend on the mind of debtor to give or not, but loan is applied by creditor.
similarities is both have a same objective and both is same in nature

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Giving a Loan and Credit Provision. What are the differences and the similarities of the two?..

Answer / kusumi

giving loan is comparatively new to the credit provision,but
credit is as old as our civilization,credit provision can b
a mouth contract,can be not in written form,but giving a
loan is totally contract on paper,and the similarity is that
both create liability on the receiver,an obligation to pay
the debt.

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Giving a Loan and Credit Provision. What are the differences and the similarities of the two?..

Answer / farai prince chikumbu

Credit Provisioning encompasses setting aside a threshold to curter for non-performing loans /bad debts and as for giving a loan is now requires the extending of a loan to the borrower

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