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Tag: Indirect loan

  • Indirect Loan – What it is and How it Works

    Indirect Loan – What it is and How it Works

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    An indirect loan is a type of installment loan wherebythe lender and the borrower do not have any direct relationship. Instead, the borrower goes through a third party to apply for a loan, with an intermediary’s help. A good example of an indirect loan happens in the auto industry. The dealership facilitates auto loans through…