0
Yes, it can be considered a temporary account because the account would be open only until you are repaying the loan. The day you finish off all your dues, the account would be closed.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
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 !
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.
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.
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
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.
How can one have a personal loan from a bank?
To have a personal loan from a bank you need to have a bank that you have an account with and a financial advisor at that bank. You'll meet with them to tell them why you need the loan and how you will pay it back.
Can you go to jail for closing your bank account on a payday loan company?
Can I be charged with bank fraud or any other criminal offense for closing an account on a payday loan?
