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Discover LudwigThe phrase "alternative loan" is correct and usable in written English.
It can be used when referring to different types of loans that are not traditional or conventional, often used in financial contexts.
Example: "Many borrowers are exploring alternative loan options to meet their financial needs."
Alternatives: "non-traditional loan" or "alternative financing option".
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For additional information on private loan options, we encourage you to review Yale's alternative loan list.
Students are responsible for researching and applying for their alternative loan.
Alternative Loan These are private loans that are offered by financial institutions.
Rather than creating a separate cash account, the pension provider could simply offer investors an alternative loan option, lending out a capped sum from their pension pot.
He found that out the hard way last January when Scunthorpe, of League One, proposed an alternative loan deal to give Yates experience of a higher division.
Students who need additional student loan funding (beyond the Federal Direct Unsubsidized Loan) may want to consider securing a Federal PLUS Loan or private alternative loan, which are not based on financial need.
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(iii Payday alternative Loans (PAL loans).
How do I apply for alternative loans?
That said, there is still a wide discrepancy in pricing between bank loans and alternative loans.
Two years later, Congress erased most state restrictions on "alternative" loans, including adjustable-rate mortgages.
In addition, lenders wound up imposing stricter parameters for alternative loans.
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