Loans

RECENT NEWS
guardian.co.uk  3 hrs ago  Comment 
Fourth biggest bank in US will cap car loans to people with poor credit history at 10% of its loan book amid worries over booming business for Wall Street Worries over a new boom in subprime lending were raised on Monday when Wells Fargo, the...
The Hindu Business Line  7 hrs ago  Comment 
RBI working group to revisit priority sector lending norms
The Times of India  9 hrs ago  Comment 
The World Bank on Monday approved a $500 million loan for the MSME Growth Innovation and Inclusive Finance Project to improve access to finance for Micro, Small and Medium Enterprises (MSMEs) working in the manufacturing and services sector at an...
Reuters  10 hrs ago  Comment 
The Reserve Bank of India (RBI) revised guidelines for lending to the priority sector on Monday, with loans to medium enterprises, sanitation and renewable energy sectors coming under the ambit of priority sector lending.
Financial Times  11 hrs ago  Comment 
Football club reports loss of £9.8m as it tries to avoid heavy fines
The Times of India  Mar 1  Comment 
When the finance minister referred to funding the unfunded in his budget speech, he said he was focusing on 5.77 crore “own account enterprises”, small outfits ranging from kirana stores to units that repair appliances.
The Hindu Business Line  Mar 1  Comment 
In some cases, it could suit you more than borrowing from a bank
Motley Fool  Mar 1  Comment 
More relaxed standards and soon-to-be rising rates means now is the time to borrow money.
Financial Times  Feb 28  Comment 
Cost and transparency of development financing under discussion
The Times of India  Feb 28  Comment 
Taxi-hailing service Ola has partnered with the State Bank of India to offer a daily loan repayment scheme for its drivers.
The Economic Times  Feb 28  Comment 




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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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