Moneylenders are individuals or businesses that provide loans to people or organizations, often at higher interest rates than traditional banks. They typically offer quick access to cash for those who may not qualify for bank loans due to poor credit or lack of collateral. These lenders can operate legally or illegally, depending on local laws. In many places, licensed moneylenders must adhere to regulations that protect borrowers, while unlicensed lenders may exploit vulnerable individuals. Moneylenders can be found in various forms, including payday lenders and pawn shops, which offer different types of financial services.