by crispin0 | Oct 7, 2025 | Uncategorized
A microloan is a small loan, usually given to individuals or small businesses. Online lending apps often provide microloans for personal expenses or small-scale business operations.
by crispin0 | Oct 4, 2025 | Uncategorized
A loan repayment calculator is a tool provided by many loan apps that helps borrowers estimate their monthly payments based on the loan amount, interest rate, and loan term.
by crispin0 | Oct 1, 2025 | Uncategorized
Pre-approval is an indication from the lender that the borrower qualifies for a loan, often based on initial credit checks. It gives the borrower an idea of how much they can borrow before submitting a full application.
by crispin0 | Sep 29, 2025 | Uncategorized
A lender is an institution or individual that provides loans to borrowers. In online lending, the lender could be a traditional financial institution, a peer-to-peer network, or a fintech company.
by crispin0 | Sep 26, 2025 | Uncategorized
The loan amount is the total sum the borrower requests from the lender. The loan amount is often based on the borrower’s income, credit score, and the loan’s intended purpose.
by crispin0 | Sep 26, 2025 | Uncategorized
Loan disbursement is the process of transferring the approved loan amount to the borrower’s account. This typically happens after the loan agreement is signed and the funds are made available for use. The disbursement may occur as a lump sum or in...
