Money Lender Professionals From Asia

Lender/lenders are someone who makes money available to another with the expectation that the money will be repaid, plus interest. It can be an individual, a public or private group. They provide money for a variety of reasons, such as mortgage, automobile loan or small business loan. Professional money lenders are a structural phenomenon of expanding merchant capitalism, and that once the market integration of particular regions has been achieved. Professional money lenders are eventually replaced by banks.

In India, the moneylenders are usually known as sowcar, bania and mahajan. They may be classified into professional and non- professional lenders. The professional money lenders are rural, urban and itinerant moneylenders while the non-professional moneylenders include land owners, agriculturists, merchants, traders, priests and widows who carry on other activities but lend out their surplus funds. The moneylenders are always intelligent enough to take advantage of the weak situation of the borrowers that is why poor people usually approach them at a time when they are hard pressed for money.

Money lender is lending companies offering a specialized type of real estate backed loan. They tend to focus on the value of the collateral property rather than the borrower’s ability to repay based on their own personal income or assets. They typically charge higher interest rates than banks because they fund deals that do not conform to bank standards.

Moneylender is a person or group who offers small personal loans at high interest rates. They play an active role in lending people with less access to banking activities. They sometimes lend to people like gamblers and compulsive shoppers who often get into debt.

Licensed money lender is specialists in presenting fast cash loan services much like personal loan, clinical loan, renewal loan and educational loan. You can borrow these loans for paying off bills, celebrating a special day or covering an unexpected charge.

Moneylenders offer plethora of loan packages for almost every kind of need of customers ranging from personal to business requirements. Lenders offer different sorts of loan services to the individuals over a determined period of time. Interest rates are offered depending upon the credit history of the borrower. Credit history helps moneylender in determining and deciding whether or not they will endow loan to an individual. Credit history plays an important role because it is the financial profile of a borrower.They look at their financial past to decide whether the borrower is eligible for loan or not.