Question

On what conditions the moneylender gives her loan?

Answer 1

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Difference between Indigenous bankers and Moneylenders are given below:

Indigenous bankers:

• Indigenous bankers are individuals or firms who operate as banks and give loans as well as receive deposits.
• Their main objective is banking.
• The indigenous bankers give loans from the money collected as deposits or in other ways.
• The indigenous bankers deal with various credit instruments of commercial bills, Hundis and more.

Moneylenders:

• The money lenders have their business of lending money.
• They are not concerned with banking processes.
• The money lenders have the only objective of lending money and they do that from their own funds.
• The money lenders only conduct their business in cash.