Distinguish between: 1. Call loans and long term loans

Distinguish between:
1. Call loans and long term loans

Answer: 

Basis
Call loans
Long term loans
Time-period
They are provided for a period of 7-15 days.
They are provided for a period of more than 5 years.
Interest rate charged
They charge lowest interest rates.
They charge highest interest rates.
Users
They are mostly availed to by bill-brokers and stock brokers.
They are mostly availed by big private companies and PSU companies.
Recall of loan
These loans can be recalled by the banks at any time from the borrower.
These loans can be recalled only after giving a prior notice to the borrower.

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