If you need to borrow some money for general use, getting a personal loan is a much better decision than getting a standard loan. Personal loans are ideal for situations … See more

A standard loan agreementprescribes how the proceeds of the loan may be spent. Examples of standard loan agreements are mortgage agreements that specify the money ma… See more

Although a bit similar, a Loan agreement tends to include a more comprehensive payment schedule, while a Promissory noteis often used for simple loan terms. Basically, … See more

As the lender, it is your responsibility to determine the creditworthiness of the borrower. The borrower’s trustworthiness is normally evaluated through credit reports and referen… See more