Loans

What is a loan ?

A loan is a form of debt incurred by an individual or other entity. The lender advances a sum of money to the borrower. In return, the borrower agrees to a certain set of terms including any finance charges, interest, repayment date, and other conditions. The lender is usually a corporation, financial institution, or government.

Benefits:
Flexibility and versatility, lower interest rates and higher borrowing limits, no collateral requirement and many more...

Not all advantages apply to all loans !