Who is a Lender?

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Navinchandra Rao has given loan to Gurcharan and Gurcharan is unable to repay this loan

Navinchandra Rao 

Lender

banks, individuals, or financial institutions are lenders.  

Lenders also give loans to start-ups or small businesses. Before  granting the loan to the borrower, a lender checks the credit history of  the borrower.  

Types of Lenders

There are two basic types of lenders.

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