- Home
- Meet the Team
- Log In
- Contact
- Careers
- Search
- Search Results
- Branches & ATMs
- Rates
- Log In
- About MCU
- Join MCU
- Personal Banking
- Lending
- Meet the Team
- Loans
- Home Loans
- Conventional Mortgages
- Jumbo Mortgages
- High-Balance Mortgages
- Family Homes, Co-Ops, and Condos
- Investment Property
- ARMs
- Adam Gonda
- Xiang He Lin
- Sabrina Kilgore
- Omar Osoria
- Michele Palmucci
- Cesarina Pena
- Walter Skowronski
- Shantell Wynn
- Homebuyer Dream Program
- Heroes Home Improvement Loan
- Mortgage Center
- Credit Cards
- Insurance
- Member Resources
- MCU Financials
- Forms and Disclosures
- Privacy Policy
- Automated Telephone Banking
- Order New Checks
- Security & Fraud Alerts
- Privacy Notice
- Scholarship Search
- Schedule an Appointment
Lender
A financial institution or individual that provides money to a borrower with the expectation of being repaid, often with interest.
More Details
A lender is a financial institution or individual that provides money to a borrower with the expectation of being repaid, often with interest.
Example
As a lender, you may provide a loan to a borrower for a variety of purposes, such as financing a home purchase or a business expansion. In this case, you would expect the borrower to pay back the loan, plus any applicable interest, according to the terms of the loan agreement. Lenders may include banks, credit unions, and other financial institutions, as well as individuals who are willing to lend money to borrowers. In some cases, lenders may also require collateral, such as a property or a valuable asset, to secure the loan.
Related Terms
Refinance
The process of paying off an existing loan with a new loan, typically in order to obtain a lower interest rate or to change the terms of the loan.
Previous Balance
The unpaid balance on a credit card or loan from the previous billing period.
Estate Planning
The process of organizing and arranging for the management of a person's assets and property after their death.