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Vendor finance is a form of lending in which a company lends a money to be used by the borrower to buy the vendor's product or property. Vendor finance is usually in the form of deffered loans from, or shares subscribed by, the vendor.

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A buyer may need a loan to purchase the house. There are different kinds of loans, like bank loans. But these loans require payment proof or a guarantor. It is not possible for people with a low pay rate. So, when a seller arranges money for the buyer, it is called vendor finance. This money is returned in installments at specific intervals of time. Purchase vendor finance homes is a completely different method. We take a look at what it means and the pros and cons of Vendor finance.

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Q: What is meant by the loan term 'vendor finance'?
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