When someone permits another person to borrow something, this is known as lending (sometimes known as “financing”). The lender lends the borrower cash, real estate, or any other asset with the understanding that the borrower gets to either return the asset or pay back the lender. Basically, the lender creates a loan, and the borrower… Read More »
Someone who lends small sums of money at a higher interest rate is called a moneylender. Because the money lender runs a bigger risk of default than typical banks due to a variety of factors, higher rates of interest are charged. People who are in dire need of money but do not have a bank… Read More »
Every time a South African requests for a loan, they must meet specific criteria. Any lender will want to make sure the borrower will repay the loan and correctly pay for the service before proceeding. Most lending institutions need payslips and bank records in order to verify the applicant’s monthly income in this manner. After… Read More »
In Nigeria, the term “credit score” isn’t commonly used in everyday conversation. However, the word is frequently used in other nations and in particular situations where a bank loan is sought. This post will look at what a credit score is, how it works, and how it influences your loan application. What Does a Credit… Read More »
Like every other thing in Nigeria else that creates a lot of attention, education isn’t cheap. Due to this fact, there are now several venues where one can apply for student loans in Nigeria to assist in sponsoring education. This article covers everything you need to know about student loans in Nigeria. What is Student… Read More »