Soft Loan
A Soft Loan offers favorable terms to the borrower, such as lower interest rates or longer repayment periods, often subsidized by governments or international organizations to support development projects or startups.
Benefits
A soft loan offers favorable terms like low interest or extended repayment to support development projects.
Frequently Asked Questions
What is the soft loan?
A soft loan is offered at favorable terms, like low interest rates or extended repayment periods, often to support development or innovation.
What is hard or soft loan?
A hard loan has stricter terms and higher interest rates, while a soft loan offers more favorable terms, often provided by government entities.
What is another name for soft lending?
Another term for soft lending is concessionary lending, which often comes with favorable terms.
Key Takeaway
A soft loan offers easy terms, like low interest, to support development projects.