WHAT IS LOAN
Today, loan is defined as money borrowed to be used in a wide
range from shopping to project financing by real and legal persons
in order to provide ease of payment. In other words, it is the
situation where a bank allows its customer to receive goods or
services before paying, relying on a commitment to make the payment
in the future. There are four basic elements of the loan: time,
trust, risk and income.
It is seen that sometimes governments, and mostly investors,
finance the cash capital they need for big projects by using loan
facilities instead of their own resources. The mentioned loans are
generally externally sourced loans. Foreign loan use is common
especially in underdeveloped and developing countries. Loans are
due according to the credit ratings of the countries in the
international financial market. Loan is a mandatory financial
resource for the continuity of economic growth. Loan, which is
defined as giving up the use of a ready-made
