Is Lending a Form of Credit Provision?
Based on Clause 16, Article 4 of the Law on Credit Institutions 2010, the provisions on the above content are as follows:
Lending is a form of credit extension, whereby the lender delivers or commits to deliver to the borrower a sum of money to be used for a specified purpose within a certain period of time, as agreed upon, with the principle of repayment of both principal and interest.
Thus, lending is a form of credit extension by the bank.
Respectfully!
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