L Financial Terms
2 terms starting with L.
Loan Shark (Mashonisa)
GeneralAn unregistered, illegal lender who provides loans at extremely high interest rates, often targeting vulnerable communities. Known as 'mashonisa' in S...
Read moreLoan Term
LoansThe agreed period over which a loan must be repaid, usually expressed in months. A longer term means lower monthly payments but more total interest pa...
Read moreReady to Apply?
Now that you understand the terms, take the next step and apply for a loan today.