What is the purpose of loan agencies?

Loan agencies primarily serve to provide financing to consumers looking to purchase products, often related to goods sold by their parent companies. This means that when a consumer is interested in buying an item such as a car, a home, or other significant purchases, loan agencies facilitate this process by offering loans specifically tailored for these purchases. This financing plays a crucial role in enabling consumers to afford items they might not be able to pay for outright, thereby boosting sales for the parent company.

The focus is essentially on creating accessible pathways for customers to obtain necessary loans, benefiting both the consumer by making purchases feasible and the parent company by increasing sales through attractive financing options.