In Principle Approval Vs. Actual Approval: What’s the Difference?

While discussing loans, both in-principle and actual approval are regular terms thrown around all the time, but what do they mean to the customer? Before you ask which one is the better option, let us clarify that they are not two competing options at all, but two separate terms applicable in different stages of the loan … Read more

Types of Loans

Lending in the broad sense of the word refers to the provision by one individual or legal entity, as well as by any other entity, of funds or goods to another on a reimbursable or non-reimbursable basis. In the narrower concept of the term “credit”, we are talking about funds that specialized organizations allocate to … Read more


QUICK LOAN CODES WHAT IS A LOAN: A loan is anything borrowed from one party to another that is expected to be returned with a certain percentage of interest. In the financial world a loan refers to the intentional lending of money by a particular entity or personality to another individual, which means the receiver … Read more