Loans

RECENT NEWS
The Hindu Business Line  Sep 14  Comment 
In FY16, MFI industry grew 31% and 28 lakh members were added to client base, finds Sa-Dhan report
Mondo Visione  Sep 14  Comment 
Ebury, the UK based fintech company, has increased its customer base by 50% in the last year, as well as seeing its lending volumes boosted by more than 2.5x. This rapid growth has been fuelled by its partnership with Avoka, the leader in digital...
The Economic Times  Sep 14  Comment 
This issue gains significance after billionaire Vijay Mallya, defaulted on Rs 7000 crore loan taken by his company Kingfisher Airlines and fled.
MarketWatch  Sep 14  Comment 
More than 80 students who once attended the now-shuttered ITT Technical Institutes are protesting their student loans.
Clusterstock  Sep 13  Comment 
There is a lot of talk out there about the auto-loan market right now. The default rates for auto loans in oil-producing regions in the US have been jumping, while hedge fund honcho Jim Chanos has said the auto-lending market should "scare the...
Benzinga  Sep 13  Comment 
You may be thinking about applying for a reverse mortgage, but you’re worried about how it will impact your children. This is not an uncommon concern; many people considering a reverse mortgage are worried about how this loan will impact the...
The Times of India  Sep 13  Comment 
Reliance Defence, which has Rs 12,600 in bank debt, has sought another Rs 400 crore in priority loans and a separate non-fundbased limit of Rs 1,000 crore.




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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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