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relating to demand loan

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(Querist)
15 September 2008

what is the meaning of demand loan?
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Vishnu Agarwal

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Vishnu Agarwal (Querist)
15 September 2008

any example of it.
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Vishnu Agarwal

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Vishnu Agarwal (Querist)
15 September 2008

reply as early as possible
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
15 September 2008 Demand Loan is a loan which is repayable on demand. Demand loans include ; loan against FDR, Loan against RD, NSC etc. This is a category of loan where the loan funds are secured and the recovery is in time and fast. The limit of loan in such type of loan is sanctioned by having a sufficient margin to cover the interest recovery also.
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Vishnu Agarwal

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Vishnu Agarwal (Querist)
15 September 2008

thanx
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Vishnu Agarwal

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Vishnu Agarwal (Querist)
15 September 2008

thanx for replying my query
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