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Welcome
to No.1
Loans
Service
Loan is
a type
of debt.
All
material
things
can be
lent but
this
article
focuses
exclusively
on
monetary
loans.
Like all
debt
instruments,
a loan
entails
the
redistribution
of
financial
assets
over
time,
between
the
lender
and the
borrower.
The
borrower
initially
receives
an
amount
of money
from the
lender,
which
they pay
back,
usually
but not
always
in
regular
installments,
to the
lender.
This
service
is
generally
provided
at a
cost,
referred
to as
interest
on the
debt.
Acting
as a
provider
of loans
is one
of the
principal
tasks
for
financial
institutions.
Abuses
Abuse in
the
granting
of loans
is known
as
predatory
lending.
It
usually
involves
granting
a loan
in order
to put
the
borrower
in a
position
that one
can gain
advantage
over him
or her.
Where
the
moneylender
is not
authorised,
it could
be
considered
a loan
shark.
Credit
card
companies
in some
countries
have
been
accused
by
consumer
organisations
of
lending
at
usurous
interest
rates