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Term loan

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  • 21-05-2009 2:24am
    #1
    sm.org
    Closed Accounts Posts: 456 ✭✭


    Hi all

    Very basic question: Could someone please tell me how long term loans have been in existence in Ireland(and the UK if you know) ??

    Cheers


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    #2
    LouOB
    Closed Accounts Posts: 1,181 ✭✭✭LouOB


    A term loan
    Well thats just the lenght of time you took out for the loan
    Any loan is a term loan i.e. 1 year to ....

    As person when they took it out
    How long was it for
    When they starting paying loan etc


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    #3
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,919 Admin ✭✭✭✭✭Toots


    I think he means when did the banks start offering term loans.


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    #4
    sm.org
    Closed Accounts Posts: 456 ✭✭sm.org


    Toots* wrote: »
    I think he means when did the banks start offering term loans.

    Exactly , I'm doing a bit of research and cant find the answer anywhere.

    If anyone knows I'd be grateful


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    #5
    GerardKeating
    Registered Users Posts: 7,650 ✭✭✭GerardKeating


    sm.org wrote: »
    Exactly , I'm doing a bit of research and cant find the answer anywhere.

    If anyone knows I'd be grateful

    Pretty much since Banking began, they are the basic core product that created banks in the first place.


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    #6
    tryu
    Registered Users Posts: 230 ✭✭tryu


    I asked my folks and they advised that they were definitely around back in the early 70's. Don't know if this is any use to you. I would suggest that you ask the Irish Bankers Federation for a definitive answer.


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    #7
    GerardKeating
    Registered Users Posts: 7,650 ✭✭✭GerardKeating


    tryu wrote: »
    I asked my folks and they advised that they were definitely around back in the early 70's. Don't know if this is any use to you. I would suggest that you ask the Irish Bankers Federation for a definitive answer.

    They would have been around in the 1770's as well.


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    #8
    tryu
    Registered Users Posts: 230 ✭✭tryu


    Didn't see your post - thanks!


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    #9
    sm.org
    Closed Accounts Posts: 456 ✭✭sm.org


    GerardKeating wrote: »
    They would have been around in the 1770's as well.

    Thanks for the info guys/gals


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