Posts Tagged ‘National Banking and Securities Commission’
Definition of Personal Loan
A loan is a financial operation that offers a cash amount through a legal framework or contract, based on the activity of individuals and financial institutions, a loan is a cash availability in which there is confidence that will be returned .
When given the award of a loan, along with the capital provided, the lender can ask for proof of financial solvency, and to acquire the obligation to repay the capital (based on ability to pay), within the agreed time, including commissions, insurance and interest agreed with the bank or financial institution with which he conducted the negotiation of the financing. Read the rest of this entry »