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Can I get a loan if I don't have a bank account?
No. Even if you qualify for a loan by means of age or employment or income, the bank will ask you to first open a bank account before you are granted a loan. so, in order to get a loan you need a bank account.
How can one have a personal loan from a bank?
To have a personal loan from a bank you need to have a bank that you have an account with and a financial advisor at that bank. You'll meet with them to tell them why you need the loan and how you will pay it back.
How many months bank statements do I need to give to take an auto loan from a bank?
To get an auto loan from a bank you need to give three months bank statements for your salary account along with many other documents. The salary is reviewed by the bank and then the loan amount is decided.
How can you get a personal loan without a bank account?
You cannot. Banks usually expect an auto-debit instruction from a bank account for the monthly payments for the loan. That can happen only if you have a bank account and so you cannot get a personal loan without a bank account. Banks would ask you to open an account if you want a loan with them.
You have no bank account and you need a loan?
there is always a reason why someone does not have a bank account, so if someone needs to loan money their only option is to go to a friend or family. This will be difficult unless the borrower has a job and is able to pay back the loan.
Can I get a loan if I don't have a bank account?
No. Even if you qualify for a loan by means of age or employment or income, the bank will ask you to first open a bank account before you are granted a loan. so, in order to get a loan you need a bank account.
How can one have a personal loan from a bank?
To have a personal loan from a bank you need to have a bank that you have an account with and a financial advisor at that bank. You'll meet with them to tell them why you need the loan and how you will pay it back.
What is the entry for bank loan account?
Debit Bank Account - Assets Credit Bank Loan Account - Liability
How many months bank statements do I need to give to take an auto loan from a bank?
To get an auto loan from a bank you need to give three months bank statements for your salary account along with many other documents. The salary is reviewed by the bank and then the loan amount is decided.
How can you get a personal loan without a bank account?
You cannot. Banks usually expect an auto-debit instruction from a bank account for the monthly payments for the loan. That can happen only if you have a bank account and so you cannot get a personal loan without a bank account. Banks would ask you to open an account if you want a loan with them.
You have no bank account and you need a loan?
there is always a reason why someone does not have a bank account, so if someone needs to loan money their only option is to go to a friend or family. This will be difficult unless the borrower has a job and is able to pay back the loan.
Where can you get a loan without a bank account?
no where !
Journal Entry for purchase of vechile on loan loan from finance co?
Bank account DR To Loan account
When the bank gives adjustment on principal on a loan what account do you debit?
the loan
What do you need to qualify for a no fax payday loan?
To qualify for a no fax payday loan all you need is a bank account and your ID. When you apply for one you will need to provide your ID for proof of identity and age, proof that you have a bank account, a proof of residency like a utility bill, and also your proof of income.
What will be the journal entry if a bank loan is return?
[Debit] Bank Loan account xxxx [credit] Cash / bank xxxx
Do I have to have money in my bank account to borrow a student loan?
In some cases, you may need to have money in a bank account to borrow student loans. However, it will be different for each person.
