Which type of finance involves borrowing arranged from a bank with a set repayment schedule?

The correct answer is a bank loan. A bank loan is a type of finance where an individual or business borrows money from a bank with the expectation of paying it back over a predetermined schedule, which typically includes set amounts paid at regular intervals and interest charges.

Bank loans are structured agreements that clearly outline the borrowing terms, including the timeframe for repayment, the interest rate, and any collateral required. This setup allows borrowers to plan their finances effectively since they know exactly how much they need to repay and by when.

In contrast, debentures represent a form of long-term debt instruments issued by companies and are redeemable after a certain period; they do not involve a typical banking arrangement with set repayment terms in the same manner as a bank loan. Shares refer to ownership stakes in a company and do not involve borrowing. Grants represent funds provided by governments or organizations that do not need to be repaid, differing fundamentally from the repayment obligations associated with a bank loan. Therefore, a bank loan stands out as the option that meets the criterion of involving borrowing arranged from a bank with a set repayment schedule.