A loan is a financial relation between a borrower and a creditor, where the borrower received the sum of money and undertakes to return it to the creditor within a certain time period and under certain conditions. Paying back a loan is carried out, as a rule, by payments at a pre-determined price based upon an annual percentage rate.

On the pages of our site you will find out about such types of loans:

 Issuing of loans is one of the basic functions carried out by financial institutions.

There are, however, situations when a significant sum of money is required for making purchases urgently or the purchase can not be postponed for the long term. In this case it is more convenient to pay the entire sum of money and then to pay it back step by step. A loan is often used for education, purchase of a house, a car, furniture, home improvements, consolidation etc.


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The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.