Loans

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The Economic Times  2 hrs ago  Comment 
Banks could be in trouble if people are misguided in to thinking that their loans would also be waived, the chief minister added.
The Economic Times  Jun 1  Comment 
Banks are allowed to settle NPA accounts even after taking large haircuts when recovery becomes difficult and to avoid lengthy and tedious legal process.
The Economic Times  Jun 1  Comment 
Total stressed loans in the Indian banking system currently stand at more than 12 lakh crore. Stressed loans include loans that have been restructured.
The Economic Times  Jun 1  Comment 
NCLAT has rebuked ICICI Bank, for moving a default application against Starlog Enterprises at the National Company Law Tribunal, with misleading claims.
Clusterstock  May 31  Comment 
Wall Street regulators decided four years ago to try and dampen leveraged lending by big banks. According to a staff report from the Federal Reserve Bank of New York, big banks did cut back their leveraged lending, and nonbank lenders stepped...
Forbes  May 31  Comment 
Some car owners are using the car-sharing service to rent their vehicles out to complete strangers for a few days a month, and making a big dent in their car payments in the process.
TechCrunch  May 31  Comment 
 If you’ve ever needed to take out a mortgage or a loan for your business, you probably know how difficult it is to find the right terms or borrower to work with. Magilla Loans is seeking to change that by providing a search engine designed to...
Forbes  May 31  Comment 
The Fed’s ongoing interest rate hike process has had a negative impact on the rate of loan growth across U.S. banks over recent months, with fewer individuals and enterprises adding fresh debt at the higher interest rates.




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Loan

A loan is an arrangement to borrow money. The lender provides the money with the understanding that the borrower will return the corpus in the future plus interest which gives the lender an incentive to lend out the principal.

Investors use many types of loans for example it could be a purpose loan using securities as collaterall with proceeds from the loan being used to purchase additional securities. [1] Or it could be a Hypothecate loan pledging securities as collateral for a loan to use for a specific purpose, without giving up ownership of the securities. [2]


Loans can broadly be categorized in to two variations:

same day loans

Secured Loans

This is the kind of loan where the borrower pledges some kind of collateral as a security until the principal is paid off completely. The most common example would be a Mortgage Loan, where the lender holds a lien on the house title until it's paid off in full.

Same day cash loans

Secured loans that lack sufficient collateral can sometimes be made by having the lender secure a guarantee from the SBA. Quickcash

Each lender will have their own underwriting criteria for a secured loan, but typically the following five factors of the borrower are considered: 1.) Capital 2.) Capacity 3.) Collateral 4.) Conditions 5.) Character [3]

12 month loans fast

Unsecured Loans

This is the kind of loan where the borrower does not provide a collateral. But, generally should provide proof of regular source of income and / or stable job so that the lenders can weigh their risk and come up with an interest rate for the term of the loan.
Examples would be, credit card loans, personal loans etc,.

13c, to lend, to borrow, originally, to let have, to leave (to someone), gift, loan is attested from 1620s, Loan word (1874), loan-translation is attested 1933. Slang loan shark first attested 1905. [1]

References

  1. A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton Gordon Malkiel ISBN-10: 0393062457 pg295
  2. A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton Gordon Malkiel ISBN-10: 0393062457 pg182
  3. http://bizplancompany.com/the-5-cs-of-lending/
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