Demand Loans
- Demand loans are short-term loans that are a type in that they do not have fixed dates for repayment and carry a floating interest rate which varies according to the prime rate
- They can be "called" for repayment by the lending institution at any time
- Demand loans may be unsecured or secured
Subsidized Loans
- loan on which the interest is reduced by an explicit or hidden subsidy
- it refers to a loan on which no interest is accrued while a student remains enrolled in education
Concessional Loans
- sometimes called a "soft loan," is granted on terms substantially more generous than market loans either through below-market interest rates, by grace periods or a combination of both
- Such loans may be made by foreign governments to poor countries or may be offered to employees of lending institutions as an employee benefit
Usury
- is a different form of abuse, where the lender charges excessive interest.
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