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What is loan?
Loan is an amount of money advanced to a borrower, to be repaid at a later date, usually with interest. legally, a loan is a contrat between a buyer (the borrower) and a seller (the lender), enforceable under the Uniform Commercial Code in most states. The terms and conditions for repayment of a loan, including the finance charge or interest rate, are specified in a loan agreement. a loan may be payable on demand (a Demand Loan), in equal monthly installments (an installments loan) It is also define as when a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the borrowed money, along with interest, at a predetermined date in the furture.
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Answer If you don't pay a loan when due, you default on the loan.
This is capital employed which is not Equity. It is a liability and attracts a fixed interest with a capital repayment made at the end of the life of the liability
What is Loan Pricing? How does it calculated?
A loan modification is an adjustment to the original terms agreed upon by the borrower and the lender. The objective of a mortgage loan modification is to ensure that the Bo…rrower ends up with an affordable monthly mortgage payment. Loan modification is the process where a bank may modify the terms of your mortgage in order to help you stay in the home. If you are experiencing a financial hardship ( or other hardship ) contact your mortgage company and ask to speak to their loss mitigation department. Tell them you would like to receive a hardship package. You can also get free help with this from HUD approved agencies across the country. Search for HUD housing counselors to find someone in your state. These Counselors do not charge for their services. Beware of companies charging for loan modifications. While some are good, many are scams. There is a Making Home Affordable (MHA) program that exists for homeowners who are experiencing a financial hardship from curtailment of income to unemployment. For more information and to see if you meet the eligibility requirements please visit www.makinghomeaffordable.gov.
Putting a current property up for security for a new loan. That way if you default on a payment the bank can reposess the property
Is combining all federal educational loans into one loan Consolidation Loans is similar to refinancing a mortgage. Where it's combine several student or parent loans into on…e bigger loan from a single lender.
The Loan Life Cover Ratio (LLCR) is one of the most commonly used debt metrics in Project Finance. Unlike period-on-period measures such as the Debt Service Cover Ratio …(DSCR) it provides an analyst with a measure of the number of times the cashflow over the scheduled life of the loan can repay the outstanding debt balance.
when a loan is been transfered fron bank to another. . .the bank which the loan is transfered to board the loan. .
Once a month, your loan goes out on a bender and gets bigger.
It is a statement to how much you still owe a lender.
When you file bankruptcy, you may wish to reconcile a loan. Basically, it's a loan that you have that you don't want to file bankruptcy on. You intend to keep paying it as nor…mal, while still declaring bankruptcy on other loans.
I'm not sure if it's the same thing, but there is a scam taking place involving loans, often payday loans. You would get a phone call from an unknown or very odd looking numbe…r on your caller ID. It would be someone with an American sounding name, but a very middle-eastern accent. They tell you that you had a loan you never paid, and that in order to avoid charges being placed against you, you have to wire them $XX. If you question them, they tend to get rather irate in an attempt to scare you. It is believed they are operating out of India, and it is a scam. Never send money to someone you don't know, period. If you had a loan, then they would by law have to send you validation of the loan, proving that it was yours. These particular folks won't even give you an address for their "business", and they certainly won't send you anything in the mail.
a loan renewal is a loan you already have and you need more money so you renew the that loan for more money
Loan modification is when your loan gets changed in a way, usually in terms of a change in interest rate.
Hi, there are many types of loans available today in market.. like there is home loan, personal loan, auto loan, loan against property, student loan etc.. The basic …meaning of loan is take money on credit which you can pay either through EMIs or any other way, you have fixed with the lender.. but you have to pay back the money in nay case. I know one leading online market place for loans called creditnation.in, which is India's leading online marketplace that provides easy comparison & best interest rates on loans with great customer service. CreditNation team renders the most unbiased advice and the best deals on a wide range of loan products to empower the customer to take the right decision. So, I would advise you to visit creditnation.in to get answers for all your loan related queries.