All about Borrowing and Interest Rates | Elements of Loan

Borrowing: general definition Borrowing is defined as a transaction involving a natural or legal person seeking from a lender, mainly a bank, the provision of a sum of money at a variable or fixed interest rate and a term of determined. A loan takes the form of a contract that binds a lender and a borrower, who agrees to honor a financial debt. If the loan and the bank credit both correspond to...

Loan Between Relatives: How to Proceed?

Private individuals or simple donations of money between relatives and friends are a great alternative to banks and finance companies. For those who have the opportunity, lending money to private individuals saves on interest: depending on the case, in fact, it is possible to agree between the two subjects a very low percentage of interest or even nothing, or it can still completely disappear....

Taking out a Loan for a Boat

It is no secret that we do not even have the most boat-friendly climate in Denmark, but still, there are more and more people going around with the dream of owning their own boat – and maybe you can recognize this? But before we can go out on the water, it is, of course, important first to have the basics in place, namely the boat itself, and it can quickly become a big financial...