0
If you have a loan with a bank already can you ask them for more money on that loan?
Wiki User
∙ 16y ago
If it's a term loan (fixed payments, fixed period, fixed rate, etc - ie not a line of credit), it will require a new loan. The new loan will fund the old loan in its entirety and the additional amounts borrowed. If you do a lot of business with a particular bank and they consider you a valuable customer, they will pull strings to keep you happy and in certain cases they may advance additional prinicpal on a loan, but it is very rare. If it is a line of credit then you can draw on it as necessary.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What is loan renewal?
a loan renewal is a loan you already have and you need more money so you renew the that loan for more money
Is it a good idea to get a payday loan online?
It is probably not a good idea to get a loan from the internet, as you will have to pay back more money then you get. It is a better idea, if you need the money, to get a loan from a bank.
How money deposit in the bank should i have in order to get the F1 student visa And can i get a loan if i don't have?
In general you will need to have $20,000 or more in the bank in order to get the F1 student Visa. You can get a loan in your home country if you do not have the money.
A bank is a place that will lend you money if you can prove that you don't need it?
A bank will loan you money if you have a down payment and show proof that you can pay it back. A banks criteria for a loan became more strict after the collapse of the housing market.
Can a bank take money from your savings account to satisfy a loan?
It depends. If:you have a monthly loan repayment agreement with the bank wherein the bank automatically deducts your monthly payments from your savings account oryou have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the bank reg. the sameThen, the bank can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the bank cannot deduct any money from your account without intimating you.
What is loan renewal?
a loan renewal is a loan you already have and you need more money so you renew the that loan for more money
Is it a good idea to get a payday loan online?
It is probably not a good idea to get a loan from the internet, as you will have to pay back more money then you get. It is a better idea, if you need the money, to get a loan from a bank.
How money deposit in the bank should i have in order to get the F1 student visa And can i get a loan if i don't have?
In general you will need to have $20,000 or more in the bank in order to get the F1 student Visa. You can get a loan in your home country if you do not have the money.
What is a loan?
When you have something and you give it to someone else to use for a time, you are 'loaning' it to them. Thus 'a loan' is the term used to describe an amount of money lent to you by a bank. You will be expected to pay this money back together with a little more money (called interest) over a fixed period that you will agree with the bank. When money is given to you with the expectation of repayment with interest on it. A loan is the same thing as "borrowing" or "to have a lend of". You can loan items such as books or cash.
How can you get help to pay your rent?
one way is to go to your bank, or a bank, and get a good loan. remember to chose a loan with a low interest rate. not recommended to get a loan if you only need a little money. you will overall loose more money than the loan is worth -GossipGirl17
A bank is a place that will lend you money if you can prove that you don't need it?
A bank will loan you money if you have a down payment and show proof that you can pay it back. A banks criteria for a loan became more strict after the collapse of the housing market.
Can a bank take money from checking account to pay loan?
It depends. If:you have a monthly loan repayment agreement with the bank wherein the bank automatically deducts your monthly payments from your savings account oryou have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the bank reg. the sameThen, the bank can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the bank cannot deduct any money from your account without intimating you.
Can a bank take money from your savings account to satisfy a loan?
It depends. If:you have a monthly loan repayment agreement with the bank wherein the bank automatically deducts your monthly payments from your savings account oryou have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the bank reg. the sameThen, the bank can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the bank cannot deduct any money from your account without intimating you.
How can a bank make money?
Banks make money off of the interest that comes from loans. When someone takes out a loan, he pays back more money than he borrowed. That money becomes the bank's profit.
Run on bank?
A run on a bank is when a majority of the bank's customers go to the bank to with draw all their money and the bank does not have enough money to cover all the withdrawals. google Savings and Loan crisis 1980's for more detail
The Right Time to Take Credit?
Believe it or not, there is a right time to take credit or a loan, and it is precisely when you do not need it. Starting a business with a loan is only right when you already have the money to start that business without the loan anyway. You can then secure that loan with the money that you already have stored away and have more leeway with your finances. In the same way, taking a loan for a house or a car, especially a car, is best done secured. Have the money already set up in cash, then take the loan against the savings.
Difference in loan syndication and multiple banking?
multiple banking is use of more than one bank while loan syndication is where several banks lend the money for one loan.
