Moneylenders are individuals or organizations that provide loans to people who may not be able to obtain them from traditional banking institutions. Banks, which are five-letter institutions, are the most common type of moneylender. Banks provide loans to customers and charge interest on the amount borrowed. Moneylenders may also offer loans to those with bad credit or no credit history. They typically charge higher interest rates than banks, but may be more willing to lend to those with less-than-perfect credit.