Some people buy things that people save for years with the money they get from the bank, called credit. Credit is a system where people can pay a certain amount of money they get from banks later in installments or one go. There is a certain period provided by banks for loans. According to this period, you have to pay the money back to the bank. The credit system is a system that varies from bank to bank. How and under what conditions you can get the loan also varies according to each bank. Each bank has its specific credit system and period. Therefore, how the loan can be withdrawn also varies from bank to bank.
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