Loans

RECENT NEWS
The Australian  7 hrs ago  Comment 
LENDING curbs may force the major banks to ­increase mortgage rates on ­almost half of new loans by up to 150 basis points.
Forbes  8 hrs ago  Comment 
Discover’s direct banking business continued the growth momentum from the previous quarter, with a 7% year-over-year increase in pretax income. Total loans also rose over 7% year-over-year to $67.3 billion during the quarter. Personal loans grew...
New York Times  8 hrs ago  Comment 
The government has been giving mortgage bankers nearly everything they want. | Some borrowers sidelined after the housing crisis are beginning to come back. | The white-collar defense lawyers of Washington see banks as victims.
Finance Asia  9 hrs ago  Comment 
A roundup of the latest syndicated loan market news.
USDA  Oct 23  Comment 
WASHINGTON, October 23, 2014 – Agriculture Secretary Tom Vilsack today announced that USDA has funded the first two loans under the new Energy Efficiency and Conservation Loan Program, which is designed to help consumers reduce energy bills...
WA Business News  Oct 23  Comment 
The central bank boss is keeping a close watch on lending standards and the rapid rise in house prices.
The Economic Times  Oct 22  Comment 
The fund will flow from Nabard to rural development ministry, the nodal authority for the scheme, in 3 annual tranches of Rs 4K cr each.




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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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