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Can you make a personal loan without charging interest?
It's your money, you can pretty much do what you want with it (there are a few exceptions). But sure, you can make a personal loan and not charge interest.
Can you get get a credit card without a money income?
No. No money means you can not pay for it . A credit card is a loan from a bank with a high interest rate.
What legally constitutes a business loan?
A loan is the agreement of lending money, usually with interest, and a plan and a date to repay it. There are many subcategories of loans that do not have separate legal definitions. A business loan is a loan granted for the use of a business.
How do you get 5000.00 quick without getting a loan?
Unless you have a rich relative or someone who will give you $5000 without requiring you to pay it back, there is no way that is legal to get that much money quickly without getting a loan.
Is loan interest higher than savings interest?
Yes loan interest are higher than savings interest. This is one of the primary ways a bank makes money.
What if you get a car loan and not buy the car?
You will still owe the money back with agreed upon interest. There may be some legal issues if you used the car for collateral and you do not own the car. return the money with the interest. the longer you save the loan, the more interest you have to pay!
Can you make a personal loan without charging interest?
It's your money, you can pretty much do what you want with it (there are a few exceptions). But sure, you can make a personal loan and not charge interest.
What is the definition of interest rates?
An interest rate is the amount of money a bank can charge on the loan that they provide you. That is how they make their profit. If they didn't charge an interest rate and just loaned out money, then there's no way they can make money off of the loan.
Can you get get a credit card without a money income?
No. No money means you can not pay for it . A credit card is a loan from a bank with a high interest rate.
What legally constitutes a business loan?
A loan is the agreement of lending money, usually with interest, and a plan and a date to repay it. There are many subcategories of loans that do not have separate legal definitions. A business loan is a loan granted for the use of a business.
How do you get 5000.00 quick without getting a loan?
Unless you have a rich relative or someone who will give you $5000 without requiring you to pay it back, there is no way that is legal to get that much money quickly without getting a loan.
What is the highest legal interest rate for a car loan?
what is the highest interest rate a car dealer can charge on an auto loan in sc?
Would banks decrease or increase interest rates if they had less money to loan?
If banks had less money to loan they would increase their interest rates. This is because they would have to make the most profit off of the little money that they had to use. When banks have a lot of money to loan, interest rates are lower because they can still get a lot of interest even from the lower interest rates.
What are principal and interest on a loan?
The principal is the initial amount borrowed in a loan. Interest is the cost charged by the lender for borrowing that principal amount. The total repayment amount on a loan typically includes both the principal and the interest.
What is borrowing money?
borrowing money is when you ask somebody to politely lend you a few dollars or even a wad of money, until you pay them back without interest.
Is loan interest higher than savings interest?
Yes loan interest are higher than savings interest. This is one of the primary ways a bank makes money.
What is a legal mortgage?
A legal mortgage is a security interest granted to the lender by the owner of property as a condition of the loan. A note details the specifics of the money being loaned to the borrower. The mortgage refers to a security interest which the borrower grants the lender. The lender takes the security interest so that if the borrower defaults on the loan, the lender can seize the underlying asset (the real property, or home).
