What Is Loan Proceeds

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 Loan proceeds refer to the funds that a borrower receives from a lender when they take out a loan. This amount can vary depending on the type of loan, the terms of the loan agreement, and the borrower's creditworthiness. Once the loan is approved and finalized, the lender disburses the loan proceeds to the borrower, who can then use the funds for the intended purpose outlined in the loan agreement. It's important for borrowers to understand the terms and conditions associated with loan proceeds, including any repayment obligations, interest rates, and fees

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