David Muller
Loan and Insurance
A bank loan is the fact for a credit institution, to offer a financing solution, by making funds available to a beneficiary, without requiring immediate repayment. Several characteristics are to be taken into account in a bank loan: the amount borrowed, the duration of the loan, the borrowing rate and any costs.
You apply for a bank loan when you need a sum of money to carry out a project. When a financial institution accepts your loan request, you then sign together to a credit agreement which determines the conditions of the loan and its repayment.
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