Part Six.pptVIP

Part Six  Loans Definition Categories of Loans The Credit Process Post-Disbursement Management I. Definition Categories of Loans 1. Can you translate the definition? A loan is a sum of money advanced to a borrower, to be repaid at a later date, usually with interest. Legally, a loan is a contract between a buyer and a seller, enforceable under relevant law. 2.Do you know these loans? By Maturity By maturity, loans can be divided into two broad categories. Those with maturity of one year or less are called short-term loans while those with maturity exceeding one year are called medium-or l