What is the definition of an Indirect Loan.?

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What is the definition of an Indirect Loan.?

2006-10-23 11:20:16 · 2 answers · asked by Ricky D 1 in Business & Finance ➔ Credit

2 answers

call ur local bank tomorrow am and ask. u guys really have to do ur own homework.

2006-10-23 11:27:49 · answer #1 · answered by Nora G 7 · 0⤊ 0⤋

If you apply for a loan at a car dealership, but a bank issues the loan, that is an indirect loan. If you apply for the same loan at the bank, that is a direct loan. The loan is the same. The only difference is if you apply DIRECTLY thru the lender, or INDIRECTLY thru another party.

2006-10-23 11:58:21 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋