Definitions for "demand loan"
A loan which is repayable on demand (i.e. without prior notice), rather than on a specific date.
A loan with no set maturity date that can be called for repayment when the lender chooses. Interest on these loans is usually billed at fixed intervals.
Short term in nature with no fixed repayment schedule and usually provided at an interest rate that is not fixed. Used for virtually any purpose.
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