Cryptocurrency Q&A
What is bad loan?
What is bad loan?
ShintoSanctum
Thu Dec 05 2024
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5 answers
1029
I've heard the term 'bad loan' and I'm wondering what it actually means. Is it a loan that has gone bad or something else? I'd like to understand the concept better.
5 answers
Elena
Sat Dec 07 2024
If a bank ceases to receive payments on both the principal and interest for more than three months, the loan is classified as an NPA.
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EnchantedPulse
Sat Dec 07 2024
The concept of bad loans refers to loans that have fallen into a state of non-repayment.
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Federico
Sat Dec 07 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of crypto traders.
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ZenMindfulness
Sat Dec 07 2024
Specifically, a loan is deemed a bad loan or Non-Performing Asset (NPA) when the borrower has failed to pay interest for more than 90 days.
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Lorenzo
Sat Dec 07 2024
This period of 90 days is crucial in determining whether a loan is performing or not.
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