Write any five differences between debenture and loan.

Debenture Loan Debenture means a document which creates or acknowledges a debt. A loan, creates a right in the creditor to demand repayment. Company can issue debenture as per the provisions of the Companies Act, 2013. Loan can be given to anyone. Debenture can be classified as secured or unsecured; convertible or non-convertible; redeemable or perpetual. Loan can be classified as secured or unsecured. Debenture trust deed is executed at the time of issue of debenture. No trust deed is executed at the time of granting loan. Loan agreement is executed between borrower and creditor. Debenture trustee is appointed. No requirement to appoint trustee in case of loan.