A finance company is a kind of financial institution. It provide loan to big investor. Finance company acts as a mediator between saver and the investor in one hand and between the big financial institution and debtor in other hand. Finance company collects the fund and keep in deposit and gives loan to the investor. It provide loan against the security.Finance companies provide hire purc
hase loan, they provide the capital wise good in installment loan like motor , car, motor cycle, TV and others durable usable assets and goods. The finance companies take loan from the big financial institution. Generally, the finance company gives high rate of interest rate in deposit and provides different facilities and gifts like insurance policy. The small saver or investor deposits the amount in finance companies.
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