What is BRidge Loan?

Answer Posted / praveen

Bridge Loan is a loan taken by the borrower of a bank or
financial institution which is the lendor to the
borrower.The loan taken to meet the requirements in the
period between the approval,sanction and disbursement of
the loan.It carries a higher rate of interest than the
normal one.It is generally adjusted or set-off against the
loan disbursed.

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