What is a loan? - A loan is an amount that the borrower receives on the condition that he/she will repay the borrowed amount within a pre-agreed period and according to a pre-agreed schedule in stages or at once, usually along with the accrued interest.

Borrowing gives the opportunity to finance your goals: start or develop a business, get education, buy or renovate a house, etc. but at the same time it is a very responsible decision.