What is a private lender?
The definition of a private lender refers directly to the lending between individuals that is growing more and more over the years in all countries.
A private lender is an individual who agrees to lend money to another person in exchange for compensation.
The latter depends on the interest rate applied to the loan in the same way as for a conventional bank loan.
The private lender is not a bank or a broker but a person with money aside and wishing to invest his money by lending it to another person.
Who can call a private lender?
In the majority of cases, a private lender lends money to another individual, but a business can borrow money in the same way.
Thus, all people can benefit from the financial offers of private lenders without means test contrary to the bank loan.