Without the right code of conduct in the banking industry, there won't be productivity that would increase the nation's economic development and in such a situation give rise to an increase in the rate of poverty in the nation. The bank serves other purposes and functions apart from helping people keep their money. The corporate operations of a bank foreign exchange, foreign trade and lots more. However, the granting of loans whether long term or a short term like the SMS Loan (SMS Lån) is also a core service of the banking industry that has given relief to people who are in dire need of money.
Each bank or financial organization has a standing rule or guidelines that regulate how they grant loans to their customers and of course loans are in various dimensions. However, granting people a short term loan can be easy, quick and straight forward. Most times, the amount of money that is being given out through those loans are meager and so it does not pose any serious financial risk to the bank. However, the interest rate that banks and other financial institutions charge on the short term loans is somewhat high and there should review along this line. There are firms that offer the novel SMS Loan (SMS Lån) online with just a few steps to complete the transaction.