×

Repetition of an existing load with another loan is known as _____?

Repetition of an existing load with another loan is known as _____?

کسی دوسرے قرض کے ساتھ موجودہ بوجھ کی تکرار _____ کے نام سے جانا جاتا ہے؟
Explanation
  • Refinancing means replacing an existing loan with a new one, usually with better terms like lower interest rates or extended repayment periods.

  • It is commonly used in mortgages, business loans, and personal loans to reduce financial burden.