What happens if the Loan is not paid back by the borrower?

 What happens if the Loan is not paid back by the borrower?


A Loan is an amount of money provided to the borrower by the lender with or without any collateral, with the promise of repayment of the initial amount borrowed along with interest. This way the borrower gets the money in the time of need, and the lender earns extra on the original amount through interest.
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