Lending is an occurrence that has firmly entered into the life of literally every good man.

If those who have never taken a Apply loan in life survived, they most likely were listening to this ability on TV, from the media and on the telephone when they were encouraged to use the lucrative offer in SMS and calls.

Now we consider in more detail the method of lending, the types of loans, and what are the pros and cons of credit relations with the bank. Translated from the Latin «credit» (creditum) means «loan.» This text reflects the essence of the lending process. 1 party (lender) gives the other party (borrower) a currency loan for a specific point in time. The borrower undertakes to pay the creditor the required amount and the discussed commission (interest) on the date set by the lender.

Credit affairs originated for a long time before such as the means were noticed, even during the epoch of natural exchange. Simple example: once a volunteer has got 10 hares. He didn’t get anything, so he asked him to give him 2 pieces.

What gives consent on the condition that after a certain number of days the unlucky volunteer will now return 3 hares to him. This is the usual credit scheme, i.e. financial relations based on payment and trust.

A loan is a financial matter related to the transfer by one side of another of some material values ​​(money, goods) when fulfilling the proper criteria: the repayment of borrowed funds within a set period of time for a specific payment.