Loans

RECENT NEWS
Financial Times  Sep 19  Comment 
Analysts expected a take-up of €150bn in ECB’s ‘targeted longer term refinancing operations’ this week, but take-up was disappointingly low
Finance Asia  Sep 19  Comment 
A roundup of the latest syndicated loan market news.
Wall Street Journal  Sep 18  Comment 
Even if Sears's asset sales go as planned, analysts say, it could come up short by the end of 2016.
Wall Street Journal  Sep 18  Comment 
In a bid to boost revenue squeezed by new regulations, lenders are turning to high-interest personal loans, a market in which they face stiff competition from upstart rivals.
The Hindu Business Line  Sep 18  Comment 
Forensic audits may result in more borrowers being declared ‘wilful defaulters’
BusinessWeek  Sep 18  Comment 
The agency wants to regulate nonbank lenders, which make up more than 40 percent of the market
The Economic Times  Sep 18  Comment 
The euro initially rose to $1.29 after the results were announced, from around $1.2890 beforehand. It subsequently pared those gains to trade at $1.2877.




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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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