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Lending Category

Lending involves providing funds to individuals, businesses, or organizations with the expectation of repayment over time, typically with interest. It plays a crucial role in personal finance, business growth, and economic development by enabling access to capital. Common lending types include mortgages, personal loans, business loans, and lines of credit, each tailored to specific financial needs. Technologies like online lending platforms and advanced credit scoring have streamlined the lending process, increasing accessibility and efficiency.