The idea of a bank which lends money to the public totally changed the principle of ancient banks that stated that the bank was just a place to deposit money for safeguarding. These days banks are synonymous with bank loans to the point that today almost everyone has a bank account is a bank loan of one kind or another.

It is unlikely that in that time either (unless you were born to money) has enough money out there for large purchases like a flat or apartment, without resorting to a bank loan. Read the rest of this entry »