Today, we talk about loans. A loan is a type of debt. All material things can be lent but this article focuses exclusively on monetary loans. There’s a loan that you really have to stay away from. In Asia country, they got the loanshark, which offers you loan at no requirement but charge you at a super high interest. We call it the “Dai Yi Long” in Cantonese, that’s an illegal loaner. Let’s get rid of that kind of loans. There’s 2 types of loans I know, 1 is call homeowner loans, this is for homeowners with a mortgage of their home. This is also call a secured loans. You can use secured loans for a wide range of purposes, and amongst the popular uses for this type of loan are paying for home improvements, consolidating debts, paying for luxuries such as a car or holiday, or funding a special event such as a wedding. Another types of loan is call the unsecured loans, it’s more for personal use and need to have good credit history and ratings in order to get this loans. Well, now you got a little idea on what is loan already. You can look for online loans or from the loans from the banks. Remember to look for legal money lender and ask for advice before you make your loan.
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