Similarly, it is asked, what is a retail mortgage loan?
A retail lender is a lender who lends money to individuals or retail customers. Banks, credit unions, savings and loan institutions, and mortgage bankers are popular examples of retail lenders. Other retail lenders may include third-party lenders partnering with retail businesses to issue credit to customers.
What are loans and types of loans?
Types of Loans
What is meant by retail banking?
Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. It may also refer to a division or department of a bank which deals with individual customers.