How can we raise a bank loan?
Basically, you may need to re-apply. The existing loan approval was based upon many factors, including your income and expenses at the time of origination. In order to get this process going, you need to have this discussion with your bank or lending institution. Chances are, they have all the answers that you need to know.
The bank can raise a legal complaint against you. If you have any property attached to the loan as collateral, the bank can take possession of them and try to recover their money from it. If you have any guarantors attached to the loan, the bank would approach them to recover their money from them. If nothing works out, finally they can have you jailed for defaulting on your loan repayment
The only way that a bank loan can be an asset is if the loan is less than what the assett is worth. Otherwise I do not belive a bank loan can be an assett. Answer 1: A Bank loan is an asset for the bank because it is money that a customer will repay. Any instrument in which money will be received can be considered an asset. In case of a loan, it is…