A bank loan, also known as a bank advance, is a specified sum of money lent by a bank to a customer for a specific period at a specified rate of interest.
A consumer finance company is a type of financial institution that specializes in offering credit products and services to individuals who require loans for personal use.
An in-depth explanation of Personal Interest Expense, how it differs from business interest expenses, examples, FAQs, related terms, and additional resources.
