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How To Make An Agreement For Lending Money In India

15.4 Any delay in the exercise or omission of any right, power or remedy vested in the Lender under this Agreement, other agreement or other document shall not affect such rights, powers or remedies and shall not be construed as a waiver or tolerance of delay; Similarly, the lender`s action or omission with respect to a default or the tolerance of a delay does not affect or affect the lender`s right, power or remedy with respect to another default. A loan can be insured or not, that is, the borrower can give the lender a guarantee for the repayment of the loan. If the borrower is unable to repay the loan amount, the lender can invoke the collateral and use it to get his money back.

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