What is a Loan?
This is a discussion on What is a Loan? within the Loans forums, part of the Business Finance category; Loan is a type of liability. A business can loan cash or any other assets that are used in its ...
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12-09-2006, 07:24 AM
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What is a Loan?
Loan is a type of liability. A business can loan cash or any other assets that are used in its operations. Banks are the major sources of loans. Loans are of two types:
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12-09-2006, 07:39 AM
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Re: What is a Loan?
nice info, secured loans would be better .. dont wana go for unsecured and give away all stuff you own !!
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07-30-2007, 08:11 AM
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Re: What is a Loan?
loan is amount of money which is borrowed on temporary basis. It involves two people borrower and lender. Lender is a person who lends money and borrower is a person who receives money.The borrower has to pay a certain rate of interest on repayment of loaned amount.This is of two types
Secured loan and unsecured loan Secured loan is a loan in which security is provided to lender in form of immovable property usually. Unsecured loan is loan in which there is no requirement of any security and rate of interest on monthly payments usually remains very high.
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