Tuesday, January 12, 2010

FINANCE COMPANIES

A finance company is a kind of finincial finincial institution. It provide loan to big investor. Finance company acts as a mediator between saver and the investor in one hand and between th big financial institution and debtor in other hand. Finance company collects the fund and keep in deposit and gives loan to the investor . It provide loan against the security.


Finance companies provide hire purchase loan , they provide the capital wise good in installment loan like motor , car, motor cycle, TV and others durable usable assects and goods. The finance companies take loan from the big financial institution. Generally, the finance company give high rate of intrest rate in deposit and provide diffirient facilities and gifts like insurance policy. The small saver or investor deposit the amount in finance companies.

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