Nowadays people are given with so many choices about the
facility the control their financial. So many financial institutes offer so
many type of credit or loan including the bank or any other money lender. As we
all know that bank is still on the top of the chart as the most reliable and
organized institution in giving the loan for the society as well as the
cooperative institution which all can be categorized as mainstream financial
institution. The type of the credit provided by each institution is also
different from one to another and which sometimes has its special requirement
to apply it. Here we’re going to explore the type of credit based on the
facilitator.
The
first loans or credit is loans by payday lender. The payday loans offer small amount
of money with short-term period basis. The second loan is the loan by
microcredit workers. This type of loan offers low interest loan and small loan
problem. This type of loan is specially designed for people who have low income
so they can’t access the credit product by mainstream financial institution.
The last loan is loan by mortgage broker. This type of loan occupies
intermediary to negotiate the loan for the borrower.
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