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 8 Replies

Sourav

Sourav (Student)     31 July 2021

Loans and liabilities
Sayed Nabil

Sayed Nabil   31 July 2021

Loan from bank can we put it in to secure loan group in tally erp9
Sourav

Sourav (Student)     31 July 2021

Yes you can group under secured loan also
Manish

Manish (CA)     31 July 2021

Yes, if it is a secured loan.

Sourav

Sourav (Student)     01 August 2021

Agree
Sayed Nabil

Sayed Nabil   01 August 2021

How can i identify it is secure loan
Sourav

Sourav (Student)     01 August 2021

If any asset is secured against the loan to bank??
Rama chary Rachakonda

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)     02 August 2021

If banks gives under secured loan. A secured loan is a loan where the lender gives you a loan in exchange for collateral or security. It could be a physical asset like gold, a house or vehicle or a financial asset like equity shares, fixed deposits, mutual funds, life insurance policies, etc. The lender keeps the security either physically or in terms of a lien on the title until the loan is repaid. If you cannot repay the loan, the lender might sell your collateral to recover their money.


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