Not finalized a loan is a loan that is not subject to the purchase of a product or service. This is a loan from a bank or a credit institution; the recipient can spend as he wishes. For this reason the loan is not finalized is also called cash loan, because you can get cash without strings attached.
In fact, the loans have not been finalized, unlike special-purpose loans, the sum borrowed is paid directly to the bank account of the beneficiary, who can spend as they see fit.
Advantages of the loan has not been finalized
The recipient gets an amount of money you can spend as he wishes for his personal purposes.
Another advantage is that there is no need to provide safeguards to protect the funding. The practices are therefore leaner and faster and you can get cash in no time.
Disadvantages of the loan has not been finalized
There being no guarantees, interest rates are very high. This is because banks and lending institutions that issue loans are not designed to face more risk of default.
Examples of loan has not been finalized
Types of loans are not finalized a personal loan, the loan trustee, credits the loan, the loan delegation, contract for the sale of salary and employee loans for retirement.