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LairaPlus Loan App

Free

In Nigeria    V1.0.1.2

5.0 (1 million +)

Security Status

in Nigeria

LairaPlus APP

Best loan app

in Nigeria

Free

In Nigeria   V1.0.1.2

5.0 (1 million +)

Security Status

What is a loan? Is it an asset or a liability?

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:

  1. From the Borrower’s Perspective:

    • A loan is typically considered a liability for the borrower. This is because the borrower has an obligation to repay the borrowed funds, often with interest, to the lender. It represents a financial obligation or debt that the borrower owes to someone else.
  2. From the Lender’s Perspective:

    • A loan is considered an asset for the lender. This is because the lender expects to receive repayments of the principal amount along with interest. The loan represents an income stream and an asset on the lender’s balance sheet.

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.

LairaPlus Loan App

Free

In Nigeria    V1.0.1.2

5.0 (1 million +)

Security Status

for Android

LairaPlus Loan App

Free

In Nigeria   V1.0.1.2

5.0 (1 million +)

Security Status

in Nigeria

LairaPlus APP

Best loan app

in Nigeria

Free

In Nigeria   V1.0.1.2

5.0 (1 million +)

Security Status

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