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What is the role of "money lender"?

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insect
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What is the role of "money lender"?

Postby insect » Mon, 17 Dec 2012 4:35 pm

There are many different styles of banking function companies in Singapore.
What is the position of "money lender"?

Thanks

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sundaymorningstaple
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Postby sundaymorningstaple » Mon, 17 Dec 2012 4:54 pm

Legal Thief?

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JR8
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Re: What is the role of "money lender"?

Postby JR8 » Mon, 17 Dec 2012 6:50 pm

insect wrote:There are many different styles of banking function companies in Singapore.
What is the position of "money lender"?
Thanks


A money lender will give you a loan of funds, and in return you will repay the funds over an agreed period of time, plus you will pay fees and/or interest.

On the one side the borrower has the advantage of access to funds that he otherwise could not raise, for example a mortgage. On the other the lender gains the benefit of earning a profit on funds which might otherwise sit in his wallet earning nothing, and probably losing value due to inflation.

I hope that kinda answers your question. If not, knowing why you are seeking the answer to this would be helpful (is it a school project, or are you perhaps a business owner considering suing your bank... etc)

taxico
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Postby taxico » Mon, 17 Dec 2012 7:20 pm

to hire these guys:

Image

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sensei_
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Postby sensei_ » Mon, 17 Dec 2012 7:33 pm

funny man taxico.

made me chuckle.

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nakatago
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Postby nakatago » Mon, 17 Dec 2012 8:29 pm

Don't worry; my two friends here will nurse you back to health after those mean men are done with you.

Meet Florence and Nightingale:

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taxico
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Postby taxico » Wed, 19 Dec 2012 2:56 pm

naka: your nurse friend allowed me to take a more flattering shot the other day after morning ward round...

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