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sure but they will charge you higher interest rates and which will be put you in horrible conditions, so i suggest you should go with online sources there are many websites regarding car loans and also they can provide you car loans even with low credit and no credit and also with low interest rates, so try them and you could get your problem resolved.
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∙ 15y ago
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Do commercial banks make loans?
Yes, it is a major source of a banks income.
Do commercial make loans?
Yes, it is a major source of a banks income.
What are the general objectives of banks?
To collect deposits from people and grant loans to other people and make an income out of it.
Can you take out two loans from different banks?
Yes you can. As long as you have enough income to pay off the loans that you take from two different banks you can very well get them. Banks will always check if you have any existing loan commitments with other banks, but if your income is high enough to meet the monthly repayments for the loans, they will eventually give you the loan.
When banks make loans the money supply increases or decreases?
When banks make loans, the money supply increases, since the people who receive these loans will have more money.
What is the difference charged by banks on loans and the interest paid on the money deposited?
It is the income for the bank. Banks charge loan customers an interest whereas they pay an interest to deposit customers. The difference in interest rate is the income for the bank. They will use that for their operating expenses as well as to make a profit.
How do banks use deposit?
to make loans Investments, loans, mortgages, and of course salaries for the staff.
Where do banks get the money to make loans?
Banks may get money to make loans, by the following ways: a. Use their Capital Reserves b. Accept Deposits from customers c. Borrow money from other banks d. Borrow money from the central bank
Is a minor permitted to make deposits in banks and in savings and loans associations?
yes
Did Clinton make the banks give subprime loans?
no, encouraged maybe, but not forced.
Banks cannot use your money to make loans to people or to make investments. true or false?
false
How do banks make profits?
Many different ways, but the most common way would be from giving out loans and collecting interest from them. Loans such as mortgages, business loans and more.
