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Q: If a customer deposits 10000 into a bank how much money would the bank be capable of lending to an eligible loan applicant if this bank retains 20 percent of the deposit to cover withdrawals?
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Is minor eligible for loan against deposit?

No. Minors are not eligible for loans as individuals. The only loan they are eligible for is an educational loan, that too will be granted only if an earning family member applies for the loan as a joint applicant. Loans are usually granted only to individuals who have an income and have the capacity to repay the loan.


Can one get tax deduction under 80C for term deposits with Non Banking Finance Companies?

No. Only certain special Fixed Deposit schemes of 5 year tenure issued by commercial banks in India are eligible for 80C deduction.


What Size Of Businesses Can Qualify For SBA 7(a) Financing?

Majority of small businesses can qualify for SBA 7(a) loan. To be eligible for this funding program, a business must have average net income of less than $5 million for the last two years, and the most tangible net worth of the applicant and the associates cannot be more than $15 million.


What banks offer unsecured personal loans?

Many banks offer unsecured personal loans, such as M&T, Bank of America, Chase, and others. However, the circumstances and criteria of the applicant must be right. For many considering the times, most applicants would not be eligible for an unsecured personal loan.


What Size Of Businesses Can Qualify For An SBA 7(a) Loan?

Majority of small organizations qualify for SBA loan. Small is a relative term. To be eligible, a business have to have average net profits of less than $5 million for the last two years, and the most tangible net worth of the applicant and the affiliates cannot be more than $15 million.

Related questions

Can self employ applicant be eligible for section 8?

Yes, a self-employed applicant may be eligible for a section 8 voucher. As with any other applicant, certifications are renewed every year at which time proof of income must be furnished.


Who assesses information against federal adjudicative guidelines to decide if an applicant is eligible for a clearance?

CAF


How is an applicant notified eligible for financial aid?

via e-mail or letter in the mail usually.


Who assesses the information against the federal adjudicative to decide if the applicant is eligible for a clearance?

Central Adjudication Facility (CAF)


Who assesses the information against the adjudicative guidelines to decide if the applicant is eligible for a clearance?

Central Adjudication Facility (CAF)


Who assesses the information against the federal adjudicative guildlines to decide of the applicant is eligible for a clearance?

Central Adjudication Facility (CAF)


Who assesses the information against the federal adjudicative guidelines to decide of the applicant is eligible for a clearance?

Central Adjudication Facility (CAF)


Who assess the information against the federal adjudicative guidelines to decide of the applicant is eligible for a clearance?

Central Adjudication Facility (CAF)


Who assesses the information against the federal adjudicative guidelines to decide if the applicant is eligible for clearance?

Central Adjudication Facility (CAF)


Who assess the information against the Federal Adjudicative Guidelines to decide if the applicant is eligible for a clearance?

Central Adjudication Facility (CAF


Who assesses the information against the federal adjudicative guidelines to decide if the applicant is eligible for a clearance?

Central Adjudication Facility (CAF)


Who assess the information against federal adjudicative guideline to decide if the applicant is eligible for a clearance?

Central Adjudication Facility (CAF