Loans

RECENT NEWS
The Economic Times  May 27  Comment 
In an interview with ET earlier this week, Jaitley had said the country needs to act as a “mature democracy” and not treat every case of loan default as being due to corruption.
Financial Times  May 27  Comment 
Shares rise as forecast for further distress less dire than expected
MarketWatch  May 26  Comment 
LendingClub Corp. is in talks with Citigroup Inc. about the New York bank buying or providing financing for future loans made by the online platform, people familiar with the discussions said.
Benzinga  May 26  Comment 
With bond markets pricing in an interest rate hike from the Federal Reserve next month, there could be some near-term headwinds for higher-yielding corners of the fixed income space, including senior loans. Senior Loans Floating rate notes and...
Reuters  May 26  Comment 
Computer giant Dell's decision to wait out months of extreme credit market volatility appears to have paid off as it launched the biggest US syndicated term loan since...
Insurance Journal  May 26  Comment 
Millennials are less interested than older folks in owning their own cars, right? Maybe not, according to auto loan data showing young Americans are increasingly active in the car buying market. Despite the belief that millennials could become an...
The Economic Times  May 26  Comment 
The company, Uganda's biggest telecoms network operator with 8.9 million subscribers at the end of last year, said the loan was arranged by Stanbic Bank Uganda, which teamed up with Citi, Standard Chartered and Barclays for the deal.




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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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