Tag: money

What Is Subprime Lending?

A subprime loan is issued to persons who have a bad credit history and whose financial capabilities are insufficient to obtain a loan under standard conditions. For example, you do not need to submit a certificate of income. On the other hand, they require noticeably more effort from the...

What Is Microlending?

A microloan is a small amount of money that can be obtained for a short period. At each microfinance company, conditions can vary greatly. But in most cases, microloans are issued in minutes, and this requires a minimum set of documents. Who Came up With a Microloan Idea? The idea…...

What Is Lending and Types of Lenders?

In essence, a loan is a particular form of economic relations in which one party provides the other with finances, commodity or some other value for a specified period.  Lending Features The main document regulating the relationship between the borrower and the lender is a loan agreement. It contains all…...

Lender Definition and Meaning

Recently, state-owned commercial banks are not very willing to issue loans, as they are trying to protect themselves. The reasons influencing this decision may bу the missing amount of required documents, poor customer credit history, unstable or low income, etc. In a situation when the bank is not going...