Free
In Nigeria V1.0.1.2
5.0 (1 million +)
Security Status
in Nigeria
in Nigeria
Free
In Nigeria V1.0.1.2
5.0 (1 million +)
Security Status
A loan is a financial transaction in which one party, typically a lender, provides money or assets to another party, the borrower, with the expectation that the borrower will repay the lender with interest over a specified period of time. Loans can be used for various purposes, such as purchasing a home, starting a business, funding education, or covering unexpected expenses.
Whether a loan is considered an asset or a liability depends on your perspective:
From the Borrower’s Perspective:
From the Lender’s Perspective:
In summary, a loan can be both an asset and a liability, depending on whether you are the borrower or the lender. For the borrower, it’s a liability because it represents a debt to be repaid. For the lender, it’s an asset because it represents an investment from which they expect to earn interest income.
Free
In Nigeria V1.0.1.2
5.0 (1 million +)
Security Status
for Android
Free
In Nigeria V1.0.1.2
5.0 (1 million +)
Security Status
in Nigeria
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LairaPlus is one of the best loan apps in Nigeria with low interest.
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