Lenders

Lenders are individuals or institutions that provide money to borrowers with the expectation of being repaid, usually with interest. They can be banks, credit unions, or private entities and typically require an agreement outlining the loan's terms, including the repayment schedule and interest rate. Lenders assess the borrower's creditworthiness to determine the likelihood of repayment. Common lending types include personal loans, mortgages, and business loans. The relationship is governed by financial regulations to protect both parties, ensuring responsible lending and borrowing practices.