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What is consortium lending?
Consortium Lending is that type of lending in which two or more banks come together to finance the big projects requiring huge amount of money. Consortium lending is usually done by banks to distribute the risks among the group of banks ,it is also used by smaller banks to use as an opportunity to be a part of the big project financing and to gain expertise in this area. Big banks by resorting to consortium lending not only saves their prospective customers but also builds good relations with other banks.
Where can one find more information about construction lending?
Banks will provide information about construction lending. They can specify the amount to be used as a deposit against the land and how much they will lend against the construction.
What do car dealerships and lending institutions such as banks and credit unions use to determine the price of a used car?
Blue Book
What is the definition of Prime Lending Rate?
Prime Rate or Prime Lending Rate is a term applied in countries to reference an interest rate used by banks. In the past, the term indicated the rate of interest at which banks lent to favored agents (those with good credit), however, this is not always the case. Many interest rates are expressed as a percentage above or below Prime Lending Rate.
Why should there be any interest rate on credit cards?
So that the banks can make a profit from lending the money. Banks can reward responsible customers with better rates. The interest rate is also used to attract new customers to their products.
Collateral securities used in bank lending?
what are the types of collateral securities used in bank lending
Where can I find information about prime lending rates?
The term "Prime rate lending" used to refer to the interest rate a specific bank would charge on loans to customers with good credit scores. This has changed recently to being a fairly common rate among all banks. The most concise and understandable explanation can be found by looking up "Prime lending" at TheFreeDictionary.com
Difference between bank rate and PLR?
BANK RATE--- bank rate is rate which is used for lending or borrowing in call money market (One bank lends to or borrows from other banks for intra day) PLR-- Rate is benchmark rate for banks.
What is lending to financial institutions?
Lending to financial institutions refers to the practice where banks or other financial entities provide loans or credit to other banks, credit unions, or similar organizations. This form of lending is often facilitated through interbank loans, repurchase agreements, or central bank facilities, and is typically used to manage liquidity, meet reserve requirements, or support short-term funding needs. Such transactions are usually secured and involve interest rates that reflect the creditworthiness of the borrowing institution.
How does prime factor into lending?
Prime rate or prime lending rate is a term applied in many countries to reference an interest rate used by banks. The term originally indicated the rate of interest at which banks lent to favored customers, i.e., those with good credit, though this is no longer always the case. Some variable interest rates may be expressed as a percentage above or below prime rate.
What is social lending used for?
Social lending is used to lend money to other peers around you without going through a bank or other financial institution in order to get the money. There are peer to peer lending websites in order to practice social lending.
What is the fee for lending money called?
The fee for lending money can refer to each of these: 1. Points. This is a term often used in mortgage lending. 2. Interest. This is most used for the cost of an unpaid loan.
