The lender is a bank or organization that has a license for the loan.
Agreement is concluded only in writing, all of the items at the request of the borrower should be clarified.
The loan amount is transferred directly to the lender to the borrower.
It is also important to know that a treaty can not be changed unilaterally: all the possible changes to their entering into the agreement should be discussed and the parties to the treaty only by mutual agreement, adjustments can be made. Unfortunately, there are occasions when violated terms of the contract or by the borrower or the banking organization. It is in this case in front of you may be wondering — is it possible to terminate the loan agreement.