Laened
Laened refers to the Estonian word for loans. In Estonia, as in many other countries, laened encompass a variety of financial agreements where one party, the lender, provides money to another party, the borrower, with the expectation of repayment over time, often with interest. These financial instruments are fundamental to personal finance, business operations, and economic development.
There are several common types of laened. These include housing loans (eluasemelaenud), which are used to purchase
The process of obtaining a laen generally involves an application, credit assessment by the lender, and agreement