May 20, 2019 Olga Miller

There are really many details about which non-bank loans differ from loans. Recently, however, mortgage loans granted by parabanks have become more and more popular among borrowers. Let’s look at these products more closely. Standard loan Most non-bank loans are so-called payday loans: loans for relatively small amounts with a very high APRC. Such products are often not secured in any way – the lender evaluates its risk only on the basis of the credit history of the potential borrower and grants him a specific loan amount or refuses to pay depending on the information he receives. It is not…