Are you in the need of an equity loan but do not want to divulge your income details, then a no doc home equity loan is the best answer for you. As compared to other types of loans, the process to get approval for this type of loan is same but the difference is that you do not need to show any documents to your lending company.

It is prudent to state that this type of loan bears a trust factor between the borrower and the creditor. In addition to that, the process of sanction of the loan is very fast, but as far as income privacy is concerned, the interest rates are on the upper side.

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Popularity: 100% [?]

Unlike other financial markets, money markets help short term borrowers in finding lenders and vice versa. Moreover, money market does not deal in long term issues. When the borrowers need loans for short term, then they go to the money market where the creditors provide them the required financing. However, both lenders and borrowers do not do their business in cash but in securities, which are known as money market instruments.

Commercial paper is one of the money market instruments that have gained immense popularity recently. Normally, financial institutions and banks issue commercial papers which are promissory notes, entitling the note holder to receive the face amount on a particular date.

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Popularity: 1% [?]