Loans

RECENT NEWS
Finance Asia  31 min ago  Comment 
A roundup of the latest syndicated loan market news.
The Economic Times  2 hrs ago  Comment 
Its loan book stood at Rs 2.19 lakh crore as of December 31, 2014, as against Rs 1.92 lakh crore in the same period of previous year.
Motley Fool  12 hrs ago  Comment 
While Lending Club claims to be unique, it too will someday suffer from the vicissitudes of the credit market.
Financial Times  Jan 28  Comment 
Top banks join race to stake claim in disruption of traditional finance
The Hindu Business Line  Jan 28  Comment 
PE firm launches ₹500-crore fund to capitalise on upcoming investment boom
The Hindu Business Line  Jan 28  Comment 
The RBI would do better to empower borrowers rather than regulate the pricing of loans
TechCrunch  Jan 27  Comment 
 Startup lender Earnest has launched a student loan refinancing service offering loans with annual payment rates as low as 1.9%. The flexible loans, with options to change the rates of repayment at automatically reduced rates can save college...
The Economic Times  Jan 27  Comment 
Fresh slippages in the quarter under review stood at Rs 1,738 crore which mainly came from the sectors affected by the slower growth in the economy, Tiwari said.
TechCrunch  Jan 27  Comment 
 Online lending company Prosper Marketplace has agreed to buy American Healthcare Lending in a $21 million deal to further diversify its lending platform. Salt Lake City-based American Healthcare is a network that gives doctors and other...




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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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