Funded vs Non-Funded Loan Explained in 30 Seconds | Simple Banking Guide #finance #bank
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Funded vs Non-Funded Loan Explained in 30 Seconds | Simple Banking Guide #finance #bank
Confused about Funded vs Non-Funded Loans? Don’t worry — here’s the simplest explanation! Funded loans mean the bank directly gives you money, like Cash Credit, Term Loan, or Overdraft. Non-Funded loans mean the bank gives a guarantee, not cash — such as LC or Bank Guarantee. In short: 💰 Funded = Real money given 🤝 Non-Funded ...
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