SMALL LOAN NON-BANK LENDER SMALL NON-BANK LOAN 2023
A non-bank small loan in 2023 is by definition a mini-loan that is provided by a non-bank financial institution or lender in favor of a borrower who doesn’t have to use the services of a bank as an alternative funding solution.
The non-bank small loan is meanwhile consisting of the new non-banking financial product offered by non-bank lenders but also retailers such as shops and supermarkets which, in order to entice their customers and make them consume, offer mini-loans.
The bankless small loan is becoming more and more important because the bank leaves the mini-loan market to lending organizations that have specialized in the specific needs requested by borrowers.
A non-bank loan without going through a bank must nevertheless make any mini-loan applicant attentive as to the conditions offered by a non-banking organization that is not regulated and not obliged to respect the ethical rules of financing.