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What else can I help you with?
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 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.
Where can you get a loan without a bank account?
no where !
What are general entry of loan in banks?
In banking, the general entry for a loan involves recording the transaction in the bank's accounting system. When a loan is issued, the bank debits the Loan Receivable account (an asset) and credits the Cash or Bank account (also an asset) to reflect the disbursement of funds. This entry captures the amount lent to the borrower, establishing the bank's right to receive repayment in the future. Additionally, when repayments are made, the bank would reverse this entry, reflecting the decrease in the loan receivable and an increase in cash.
How does one get a bank loan for starting a business?
You can get a bank loan to start a business by going to your local bank, where you have an account. The bank where you have an account will give you a load more quickly. Ask them which options are available for you.
What is the entry for bank loan account?
Debit Bank Account - Assets Credit Bank Loan Account - Liability
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 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.
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
What are general entry of loan in banks?
In banking, the general entry for a loan involves recording the transaction in the bank's accounting system. When a loan is issued, the bank debits the Loan Receivable account (an asset) and credits the Cash or Bank account (also an asset) to reflect the disbursement of funds. This entry captures the amount lent to the borrower, establishing the bank's right to receive repayment in the future. Additionally, when repayments are made, the bank would reverse this entry, reflecting the decrease in the loan receivable and an increase in cash.
Is it legal for a bank to debit my account each time I receive a child support payment because I owe the bank for a prior loan-- The bank is taking money I'm supposed to have for my child?
If you owe money to the bank they are entitled to withdraw it from any monies deposited into your account.
When the bank gives adjustment on principal on a loan what account do you debit?
the loan
What will be the journal entry if a bank loan is return?
[Debit] Bank Loan account xxxx [credit] Cash / bank xxxx
How does one get a bank loan for starting a business?
You can get a bank loan to start a business by going to your local bank, where you have an account. The bank where you have an account will give you a load more quickly. Ask them which options are available for you.
If you open a bank account today can you get a loan today?
yes as soon at you join the bank they can give you a loan
Where can you get a payday loan with no bank account?
It is quite tough to get a payday loan without a bank account but you can find some companies which offer these facilities too.
