Real estate investors and developers commonly use these types of loans to fund their projects because they are easier and faster to
obtain than traditional bank loans.
Not exact matches
Not only were Quicken's interest rates better for Virginia, its
loan fees were lower
than quotes
obtained from more
traditional bank - based mortgage lenders.
«The results indicate that given the same credit risk (i.e., for borrowers with the same expected delinquency rate), consumers would be able to
obtain credit at a lower rate through the LendingClub
than through
traditional credit card
loans offered by
banks.»
Since personal
loans can be
obtained through a variety of independent and online lenders, expediting approval within 24 hours is not unlikely, since the general turnaround process is more streamlined
than that of a
traditional bank or financial institution.